How can I get a small loan with my bank in South Africa?
A small loan is a loan of up to R150,000 that may be used for any purpose the consumer needs it for – from financing a new car, to remodelling their home. Small loans in South Africa are given by most banks to borrowers who have an acceptable to good credit rating (since small loans are usually unsecured). For those consumers without the required credit rating, alternatives do exist. Check online as there are many providers who consider affordability a more pertinent evaluation of a loan application than credit score, and they will be happy to approve consumers with less than ideal credit scores.