Cherry Loans Reviews | Online Loans in South Africa
Cherry Loans is an authorized financial services provider that offer payday and personal loans.
Notice how I used "Authorized" instead of registered credit provider.
That's basically because Cherry Loans is a loan broker or online loans provider.
In this article, you're going to learn the following:
- Benefits of Cherry Loans
- What types of loans you can get
- What documents are required when applying
- How to apply online
Let’s get started. Shall we.
Why choose Cherry Loans?
You will enjoy so many benefits that comes with loans by Cherry online.
You can qualify for loans ranging between R100 to R200 000. Interest rates are calculated based on your credit rating.
Loans are offered within flexible repayment terms of your choice.
Blacklisted - not a problem with Cherry Loans.
You will get instant decision about your application when you apply online. Your information and details will be processed securely and confidential.
That's not all...
...Should your loan application be approved today, you'll get money your bank account instantly.
Use the money however you please, there are no limitations.
It gets better.
Here's how it works
As mentioned above, Cherry Loans is not a credit provider but loan finder (broker). They're middlemen between your loan and 6 other credit providers they work with.
They will find you the best loan deal, you had never imagined.
When you apply for a loan, your application is routed through to over six (6) good credit providers. These providers are registered and fully comply with the National Credit Regulator.
You're more than welcome to ask for their respective registration numbers.
Cherry has a high approval (about 87%) success rate. Eight (8) out of ten(10) who apply for loans gets approved.
Types of loans
1. Payday Loan - ranging from R100 to R8 000 at the best possible interest rate. Pay back the loan within flexible terms up to six (6) months.
2. Personal Loan - Loans up to R20,000 at a personalized interest rate. Convenient for handling medium financial challenges in life.
3. Long Term Loan - A loan package that make dreams a reality. You can qualify for amount up to R200 000 at the most affordable rates. This is when you're thinking big, do it once and get over it.
Kindly note that interest rates and repayment terms vary between each lender. But the whole purpose of Cherry Loans, is to get you the best possible loan deal - right?
Here's how to apply for loans:
Get your Cherry loan
Applying for Cherry Loans is very easy. Simply complete the online application form with your details.
And the institution will instantly search over 6 legal lenders for the best loan.
The application process isn't going to take you more than 5 minutes, and you'll get an instant decision.
If your application is successful, you'll be given a no-obligation loan offer from one or more lenders.
What are the qualification requirements for Cherry Loans?
To qualify for personal loans (for blacklisted), you will be required to provide the following documents:
- A copy of your ID - must be above 18 years old
- Proof of employment - pay slips
- Banking statements - most recent
- Proof of address - most recent
You stand a good chance of obtaining a loan when you submit the above-mentioned documents.
Necessary checks will be conducted for your own good. Credit providers must ensure you can afford the loan amount you're applying for.
For more information about Cherry Loans, visit www.cherryloans.co.za to read more.
Otherwise complete the online contact form and a consultant will get back to you in no time.