Rating based on 1,722 reviews
About – Friendly Finance
Our mission at Friendly Finance is to ensure that South African citizens are educated with all necessary information they need to make optimal financial decisions where credit is concerned.
We provide countless comparisons between payday loans that individuals commonly register and apply for. When you picture Friendly Finance, picture a helping hand for all your consumer finance product selections.
We are experienced
You might think that you know best and or have the upper hand when it comes to understanding your needs the best, but you have to take into account that we have decades of financial experience. Explicit knowledge of these products is all as a result of working directly with all the creditors and partners in the industry.
The skills and experience that we are equipped with, reflects greatly on all the services we offer our clients.
It allows us to confidently advise and educate those who are still undecided on the routes to take when it comes to their credit needs and what their budget allows for.
We set loan finding trends
Yes, it’s true, there are other comparison sites available, however, consumer finance is ever-changing, and keeping up with these online loan trends is imperative to providing the best advice in the market.
It can take hours when you’re doing it alone through these sites, which is why we are the best choice if you’re unsettled about your own opinion on what to do. We choose the best scenario for you.
Often new products in the market are complex to decipher when it comes to their costs, their actual functions and the rates that you’re likely to pay. Often, they’re hidden!
Our function is to take the confusion out of the equation and pride ourselves on being among the first to discover new personal loan products in the market. That way, when you ask us to do the hard work for you, we’re fully informed on what’s available when making a choice for you.
Services – Friendly Finance
If you’re someone who landed yourself in a pickle financially and need to quickly remedy the problem, a short-term loan is an answer. Especially when things such as credit cards or bank loans aren’t always available.
A short-term loan typically isn’t for a long-term problem, simply due to the higher interest costs and fees. Instead, they are usually there to tide you over until your next pay day.
Same day loan approval
There are lenders who don’t perform credit checks and merely assess your affordability based on the particulars that you furnish them with including expenses and income.
Then there are others who will lend to those with poor credit scores, providing that they can show means of being able to repay the payday loan.
Need to know how long it will take to approve? Well from lender to lender it’s different, but in most cases, you can expect same day approval if their applications are done online. Making sure that your information is 100% accurate when you upload it will help speed up this process.
Personal loans can assist you in the long-term
These loans are larger than the pay day loans previously mentioned. Their repayment terms are therefore longer than for a short-term loan. It varies between 12 months and 6 years.
The interest that one will owe on a personal loan can be one of two interest types.
Either fixed, meaning that regardless of the rate changing due to inflation or other political reasons, your rate remains unchanged; or Linked, also referred to as variable, meaning that as things change financially in our economy which causes interest to fluctuate, so will your rate.
Personal loans have the option to come secured with collateral attached to the loan, or unsecured meaning no assets are attached.
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Summary of Services
- PAYDAY Loans
Use Friendly Finance for convenient pay day loans
Every day we get up and go to work or wherever it is that we spend our days, we assume that everything will go swimmingly and we won’t have to encounter any drama or financial stress. That doesn’t mean to say we won’t encounter it in one way or another at some point, and at that point, you need to know what to do.
Friendly Finance will offer you the all the information you could ever need in order to make an informed decision, and how to make it quickly. Our advice to you is to ensure that you apply for a payday loan and that you do so online. First of all, doing it via an online loan application is not only convenient, but it saves you time which you most likely don’t have since you’re in an emergency.
Payday loans up to R8000
You can source lenders who will offer instant cash loans in South Africa from as little as R100 to R8,000, which you can repay over 30 - 45 days – essentially at your next pay date. For the application process, you will be asked to answer a series of questions pertaining to your personal details. This will be after you have stipulated your day date monthly with our online sliding scale. Most lenders provide this online tool today for ease of use.
If you can afford to repay a loan over a shorter period than the permitted time period, you should do so, as it will result in less interest owing on the loan. However, do make sure not to be hasty with any loan you take out. Consider all the financial variables.
What do you need from me?
Payday lenders require a form of identification and financial documentation to determine whether you will qualify for a loan with them. That’s due to assessing your affordability.
They’ll perform a credit check, and will likely request your income and expenses, alongside 90 days of bank statements, your valid South African I.D number, an active email address and a daytime contact number. Your contact information will be used for means of correspondence between the lender and yourself.
Why Friendly Finance?
At your most compromising moment, where you might feel slightly suffocated due to financial strain, Friendly Finance offers you a life vest out of those troubled waters. We work tirelessly to provide convenient and honest information about quick loans online so that you know all there is to know when you need it most.
Which providers are trustworthy, who provides funds faster than the next, and how your loan will be handled from start to finish. In a time of struggle, we offer a financial marketplace to educate you on everything you need to solve your financial problems.
Customer Reviews & Testimonials
Friendly Finance really lives up to its name. The team is simply amazing! It’s always nice being on the receiving end of such exceptional customer service. Other lenders can learn a thing or two!
— Cape Town —
If I had to describe my impression of Friendly Finance’s service, I would say extremely helpful and very useful.
— Port Elizabeth —
Thanks to Friendly Finance, I found the best payday loan for my situation.
— Johannesburg —