Mr Cash Loans offers online loan of between R1 000 and R200 000. Repayment terms are flexible from 3 up to 72 months.
So what do you need to know and what have others said? Others that have had their loan applications rejected have given them bad reviews and on average they have a review of 1/5 on Hello Peter. Does this mean they are really a bad service provider?
Whilst everyone is entitled to their opinion we think it’s unfair that you give a service provider a bad review because your loan application was rejected. After all loan applications are only approved if you meet the credit provider’s qualifying criteria.
Irrespective of the bad reviews what do others say and what do we have to say? From our own investigations they are not a bad service provider at the same time they are not the greatest. What we know is they will try their best to assist you with your applications as soon as possible. One thing they will not do is to lie to you that you will get instant cash. They acknowledge that a day or so is needed in order to process your application. All credit providers need to adhere to the National Credit Regulator.
To get fast approval of your application make sure you send the correct documents when requested to do so. Also make sure you supply them with your correct cell phone number and email.
Positives About Mr Cash Loans That Should Know
All their loan products are unsecured. This means no surety in the form of an asset is required to secure your loan.
Application for personal loans is done online. This means you can apply anytime and from anywhere. This saves you on time usually spent in visiting branches.
Your needs are taken into consideration and how much is approved will depend on your credit record and affordability. This means if your affordability is good the more you can borrow.
Flexible repayments terms allow you to select terms that will suit your budget.
Once Mr Cash Loans approves your application cash can be in your account within hours.
Basic Criteria For Loan Applications
- Applicants must be South African citizens older than 18 but younger than 60
- Permanently employed for at least 6 months at the same company
- Have own bank account into which your salary is deposited
- Earn at least R5 000 per month
- Applicants must not be under administration or debt review
Mr Cash Loans kindly reminds clients that completion of the online loan application form does not guarantee approval. As expected of them they will have to do credit checks and affordability assessment after which they can determine whether to approve or decline an application.
What is our recommendation?
We say with confidence that if you are need of some cash injection do not hesitate to try them. Days will definitely not be the same, so you might have a bad experience dealing with them. However, most of their clients have generally been satisfied with their service. You can email us and tell us of your experience.
For application or more information you can visit their website www.mrcashloans.co.za or call them on 087 822 1779.