Making loan payments fast may seem like a headache because borrowers may need more money for repayments. Your problem is solved with online installment loans with instant approval at MoneyStar from the most reliable lenders.
With such lenders, your loan approval rate is 97.98% because they have minor lending criteria to take you through. No paperwork or banking formalities are included when you apply for instant approval loans with us in minutes.
What are online installment loans in South Africa?
Online installment loans are a type of loan which is repaid with a fixed installment in South Africa. These funds are a perfect choice for borrowers who can’t pay off their money as soon as possible on their next payday.
Such funds enable you to tackle all your short-term expenses with instant approval from our most trustable lenders. Many borrowers’ resort to online funds whenever they have met some household expenses but need money to overcome them.
The best part is you can only apply for such money online without doing anything physically because you can apply for such money online.
How do installment loans work to sudden emergencies?
Installment loans work the same way as other loans to remove sudden emergencies with fast approval. In case of such money, you must complete a small application process, saving your whole day for other pending work.
- Apply online: You must complete a simple online application form with regular income proof and other personal details without committing errors.
- Get verified:You must wait until online lenders verify your confidential details. In minutes, you have the confirmation for loan approval or disapproval.
- Sign a loan contract:If you are approved for money, you will receive a loan contract on your mail ID. After reading all the terms and conditions, you could do a digital sign on it.
- Get funded now:After this short online application process with us, you can get your money any minute to your bank account.
What are top reasons for getting installment loans with instant approval?
Top & common reasons to get installment loans in South Africa:
- Medical bills:You can immediately pay off your pending medical bills by using such online installment loans.
- Rent payment:You can also pay your rent if you don’t have money to pay for your rent on the due date.
- Home renovation:You can do the home renovation and change the outer look of your home with the help of such funds.
- Debt consolidation:You may have some pending debts to pay, but this is possible with debt consolidation. You can get them together and pay at once.
- Holiday costs:Maybe you need to travel to attend a wedding or any event, but you don’t have fair transportation. This type of problem is also solved with this instant approval money.
What are requirements for best installment loans?
There are specific requirements for installment loans with instant approval while applying for them from some direct lenders. You need to manage these minimum requirements with no complications, unlike banks.
Check a lending criterion:
- Age: A minimum age is 18 to be qualified for such online money, so you need to make sure of this factor when applying.
- Employment proof: You must prove that you still have some regular income source. No matter what type of this is because our lenders accept all types of income for loan repayments.
- Citizenship of South Africa: Your South African citizenship is mandatory while applying for these loans, so you should have it with you.
- A bank account: You need an active bank account to receive your money once approved in minutes.
- Contact details: Your contact details include a valid email ID, permanent address proof and contact number to contact you whenever needed.
What are benefits of installment loans with guaranteed approval?
Installment loans with guaranteed approval at MoneyStar come with several benefits that surprise borrowers because they can’t expect from traditional lenders. You must also check out the benefit type of these funds.
Some tempting benefits:
- Instant approval: You can get instant approval for money if you are in a hurry to cover certain unexpected expenses.
- No collateral: Borrowers don’t need to carry their valuables in exchange for getting these types of funds because they are unsecured loans.
- Loan approval with lousy credit: your bad credit can’t be a problem in getting approved for some money types. So, you can apply for online funds with your bad credit.
- 24/7 service available: You can apply for money anytime now because 24/7 loan availability is excellent for borrowers. Other lending institutions like banks can’t help you like this.
- Security is strict: All confidential details are kept under encryption, which protects your data from getting hacked.
Is it possible to get installment loans with bad credit?
Yes, installment loans can be obtained if you have a bad credit score and get instant approval from some reliable lenders in your province. Your poor credit score reflects how you make your loan payments.
Thus, lenders prefer looking at it to make the right decision to help you financially. But this applies to traditional lenders or banks because many online lenders accept your bad credit and also help you with fast money.
To them, your bad credit score is not even your loan repayment ability matters so you need to prove your loan repayment ability to such lenders. On your ability to pay off your loan, you can get instant money to meet your short term goal.
Where can you get installment loans without credit check?
You can get installment loans without credit checks from our reliable direct lenders because they are unlike other traditional loans. You may find various lenders around you, but applying for such money from them can be risky.
A few lenders in your province understand your problems without imposing unnecessary charges whenever you approach them seeking financial aid. Don’t forget that you would have to tighten your pocket due to the high-interest rates associated with these loans.
Indeed, you pay high-interest rates while loan repayment, but such funds allow you to suppress your emergencies.
Installment loans vs payday loans- what is difference?
Installment and payday loans differ because they provide short-term financial relief whenever you are in a hurry for money. There is a difference that you can make between these two loans in South Africa.
A difference between installment loans and payday loans:
- Installment loans: Installment loans are a common type of loan that borrowers apply for and pay back over time, unlike other loans. These types of loans are more expensive than traditional loans. But they are the best choice for borrowers needing extra time to repay loans.
- Payday loans: As far as payday loans are concerned, these loans are also available for 1 or 2 weeks to help you cover your daily expenses with no collateral required. Borrowers can apply for such money type with bad credit scores if they cannot get financial aid elsewhere.
Online Installment Loans Instant Approval- Some FAQ’s.
Are installment loans good to apply for during a money shortage?
Yes, installment loans are good to consider applying for whenever you are going through hard financial times. You have no option for a money arrangement at the moment.
Can I still apply for loans if I don’t have a good credit score?
Yes, you can still be qualified for some loans, no matter how bad or good your credit score is. But it would help if you chose such lenders who accept your bad credit.
Will borrowing installment loans improve my bad credit?
Yes, you can improve your bad credit by applying for installment loans from the most trustable lenders in your province and making all your payments timely.
How long does it take to get approval for loans?
With our online lenders, you can get approval for such loans in a few minutes because they know your emergencies. Thus, they don’t have a lengthy process to take you along.
What are the causes if I miss my loan payment?
If you miss your loan payments, you will have additional charges to pay, such as high-interest rates and some fees. Also, your credit score will be affected negatively.
Using the MoneyStar, you may get from R100 to R35,000 in just 5 minutes.
Applying won’t affect your credit score
Micah Sedres
MoneyStar expert Micah strives to navigate finance niches like credit cards, loans, and mortgages easily. She helps hundreds of readers in credit building and provides money management tips. After regularly working for brands like Businesslive.co.za, she joined the MoneyStar.co.za team as a staff writer to develop credit product reviews and comprehensive guides mainly focused on credit scores and loan/card offers.
