Let’s look at the top loan companies in South Africa. There are many loan companies or money lenders in South Africa. From time to time we may need financial assistance to enable us to solve a problem or start a business. When we can’t borrow such an amount from a friend we have no other option than to go for a loan from companies that offer such services.
A loan is the money a lender gives to a borrower which happens to be an individual or a company. We made research to find the best loan companies in South Africa and came up with this list. Read the below list to find the best of them.
Top loan companies in South Africa
1. Wonga Loans
Founded in 2006 by Errol Damelin and Jonty Hurwitz. The loan company has its headquarters in the UK and everything is done online. What is required from you is your cell phone number, SA ID number, bank account details, and most recent proof of income. Wonga have been in the game for over a decade, so you have nothing to worry about.
2. Nifty Credits
The next on our list is this amazing company. With their slogan “we are a responsible lender” they are committed to helping their customers in any way as long as it has to do with loans. Nifty Credits is regulated by National Credit Regulator (NCR) which makes them be a trusted company. All you need is to register on their website and fill their form which includes providing a 3 months bank statement. One of their strict requirement is that you must be permanently employed for at least 3 months.
3. Bayport Financial Services
Another great loan company from South Africa offers financial loan assistance. The company spreads across other nations such as Ghana, Colombia, Mexico, Tanzania, and other countries. The company kicked off around 2002 nearly two decades ago and has been among the leading companies to date. Bayport products include personal loans, My savings, My money, and My cover.
4. Atlas Finance
Approaching three decades since their inception, we won’t doubt the authenticity of this company. Their mode of operation is nice, which begins with visiting their website, filling the form, uploading proof of ID/passport, bank statement, and then waiting for approval. Atlas finance offers short-term loans and their loans are affordable.
5. SA Home Loans
It began operation in 1999 in Durban, South Africa. The Mortgage finance company has been in operation since then and has gained over 190,000 clients. SA Home Loans is not a bank but it’s among the leading loan providers in the country.
6. Izwe loans
The list wouldn’t be complete without mentioning this company. This trusted financial service provider in South Africa also exists in Zambia, Kenya, and Ghana. Izwe loans came into existence in 2004 in South Africa before expanding to other African countries in 2008.