What is a same day cash loan?
A same day cash loan is a type of a personal loan that is offered by many creditor is South Africa. This loan is normally normally used by people who are in need of a short term loan.
A same day cash loan is normally paid into the applicants account within 24 hours after the application. This is if the loan application is successful. Most of financial institutions offering same day cash loan do not need originally document. This is because the loan application is done electronically.
Same Day Loan Requirements
Like any other personal loan, it is require that the applicant meets the following criteria in order to be successful:
- The applicant must be 18 years and older
- The loan applicant must be a South Africa with a green ID book
- He must be permanently employed with a salary going into his bank account
- For a same day loan up to R50 000 you must at least earn R2 000 monthly
- The applicants bank account must be active so that it can load a debit order instruction