Rating based on 827 reviews
About – Like Money
At Like Money, you’re never short of choice, as we offer our clients a wide variety of personal loans to choose from.
We were established in 2015 as a social comparison site for South Africans, enabling them to compare financial products such as insurance, loans, credit cards, cell phones, broadband and investments. We offer some of the best financial products available in South Africa.
Online financial products
In life, we often tend to make financial and purchasing decisions based on our peers, on recommendations and on online reviews.
This is the fundamental reason why we have created an online platform that allows our customers to find unbiased and high-rated financial products and companies.
The list of products you can expect to find includes insurance companies with their respective products, credit cards, bank accounts, student loans and investments.
We come highly recommended
Some of South Africa’s favourite financial products are available with us, and we discovered this just by doing social media comparisons of the most liked financial products that are currently on the market. That was rated by the public which we are very proud to have learned.
With our first-hand experience, we don’t only offer you products to compare with other monthly fees and interest rates, but we also offer you a list of financial institutions that are highly recommended by a reliable third-party source.
Services – Like Money
Our primary goal is to empower all our clients with a free and easy comparison that can help them make the right choice.
We strive to provide South Africans with unbiased and the best financial products that are available to them.
We have a wide network of highly trusted financial partners across South Africa that are always standing by and they are ready to assist you and will compete for your business.
How to compare
All you need to do is login to Facebook, Twitter or email account and start comparing student loans immediately.
Insurance - we have you covered
We have a number of insurance offerings to cover you where it’s required. No matter the item, we’ve got it covered! We cover your asset insurance in the form of vehicles and home.
We also understand the importance of medical cover, therefore offering a number of options that you can select from in the form of life insurance, funeral insurance, hospital plans and basic day to day medical aid. If you’re a business owner, you’ll also need business insurance which you can find with Like Money. Travelling? We’ve got it covered it too.
Summary of Services
- PERSONAL Loans
- TRAVEL Insurance
- STUDENT Loans
- MEDICAL Aid
- FUNERAL Insurance
- CREDIT Cards
Like Money has the loan options to suit every individual client
We all need extra money sometimes, but how do we go about getting it? Applying for the credit is easy with Like Money and we offer credit in the form of credit cards and personal, home and car loans. We have a range of loan types:
- Personal Loans - for the everyday lump sum of cash required
- Home Loans – if you’re a buying a property
- Vehicle Finance – if you’re in the market for a new vehicle
- Student Loans – should you be planning to study
Investments - to help you reach your financial goals
We have a number of investments to assist you in life while you’re working and at retirement age. We can assist you in investing in gold, binary options, unity trust and share trading. Like Money will help you achieve your financial dreams.
Mobile and internet
We will assist you in comparing mobile devices and contract options to suit your needs, as well as choosing the best affordability when it comes to your internet requirements. For example, should you go with ADSL or rather Fibre, etc.
This is in the form of sourcing flights, hotels and car rentals to suit your budget!
How can you apply for a student loan?
Today it has become quite costly to study and there is no real way you can avoid it. Fortunately, there are options available to help you study after school. A student loan is one of the most popular alternatives for those individuals who are unable to afford to pay for university.
If you wish to apply for a loan, the student or the parent must earn an income in order to apply for the loan. The parents are required to pay the interest on the loan while the student is busy studying and the full loan amount stays in the student’s name.
Loan repayment terms
The student will need to repay the loan as soon as they have graduated and begun earning an income. Usually, the loan provider will grant the student 3 to 6 months lenience to find work before they need to start repaying their loan.
The whole idea behind this is to give the student a fair chance to get work before they need to start paying off their student loan, as it’s not always that as you graduate there is something waiting for you. Interviews and job applications will need to take place. Should a student fail in getting a job in the provided time prior to repaying their loan, the parent will be liable to repay the monthly instalments.
Tips on applying for a student loan
The first thing you need to remember is that it isn’t easy to determine whether a student loan will be ideal for you or not because it all depends on your circumstances.
If the loan is a constant distraction and steals your focus away from your studies, then it probably isn’t the best idea, especially if your guarantor won’t be able to pay the monthly interest. If you can afford to repay it, but you don’t have the instant cash to pay for your learning expenses, then it probably is best to take out a student loan.
What’s required when applying for a student loan?
- Your parent or guardian’s identification
- Your parent or guardian’s proof of income
- A valid proof of address
- Proof that you are studying at a qualified tertiary institution
When approaching a bank to apply for a loan, you will need to fill in forms and indicate how much you will need for your studies. You need to ensure that you provide them with all the details of your studies, such as the level and the full name of the course that you are attending.
The total amount that you will be receiving for your studies will all depend on your parent’s credit history and their income bracket. You’ll be informed within 20 minutes once you have applied if you have been accepted or declined, and the money will become available in your account within 48 hours! Once you have that, you can go ahead and pay for your tuition.
How to choose the right loan provider?
When you are considering taking out a student loan, you will need to consider a loan provider that will provide you with the money to pay for your tuition. It is highly recommended that you use a bank, and the fact that you already have a bank account will streamline the process for you. All that’s required is that you go to your bank, apply through them and the rest will go smoothly.
Customer Reviews & Testimonials
I am so grateful to Like Money for affording me the opportunity to get a student loan when I thought I wouldn’t be a student again!
— Pretoria —
Applying for a Like Money loan was convenient, easy and well worth my time!
— Ficksburg —
After using the Like Money loan application website, I was convinced that they are genuinely considerate for their customers.
— Free State —