Friendly Finance

The mission at Friendly Finance is to ensure that South African citizens are educated with all the necessary information they need to make optimal financial decisions where credit is concerned.

They 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.

They're 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 they have decades of financial experience. Explicit knowledge of these products is all a result of working directly with all the creditors and partners in the industry.

The skills and experience that they're equipped with, reflect greatly on all the services they offer you.

It allows them 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.

They 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 they're the best choice if you’re unsettled about your own opinion on what to do. They 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!

Their function is to take the confusion out of the equation and pride themselves on being among the first to discover new personal loan products in the market. That way, when you ask them to do the hard work for you, they’re fully informed on what’s available when making a choice for you.

If you’re someone who landed yourself in a pickle financially and needs to quickly remedy the problem, a short-term loan is the 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're usually there to tide you over until your next payday.

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'll 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'll take to approve? Well from lender to lender it’s different, but in most cases, you can expect same-day approval if your 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 payday 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 the 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.