How can I get a small loan with my bank in Cape Town?

How can I get a small loan with my bank in Cape Town?

How can I get a small loan with my bank in Cape Town?

Consumers searching for a small loan in Cape Town may be alarmed at how detrimental a bad credit score can be to their loan application. This is because a small loan (or personal loan) is almost always unsecured, which means that the borrower is not required to offer any type of collateral to secure the loan. Lenders, in turn, must establish the repayment reliability of the borrower and this is done by assessing their credit score. For those who need a small loan but are worried that a poor credit score may affect their chances, online lenders often approve loan applications without running a credit check.