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Only big five banks are used : Nedbank, Absa, First National Bank, Personal loans with credit defaults Bank and Capitec. If you do not have an account with these banks, instant pay day loans can not be processed or considered. No documents are required at all. You submit no proof of income (pay slips), no 3 months bank statements are required,no proof of residence, no copy of id is required, no documents are faxed or emailed at all.
No employment confirmation required. Application is completed online and thats all. Cash in your account same day within seconds (minutes). Whilst there are lenders that second personal loan pay day loans to individuals with poor credit profile.
If your loan application is rejected by some bank or a lender on basis of less than perfect credit history, this would not mean you cannot borrow cash from anywhere. You can still get a loan approved from online lenders that offer cash advance depending on your current financial situation. You could be offered a fast online loan on basis of your loan affordability. This is calculated by knowing your regular monthlyweekly income and other expenses.
Have any doubts about application or the loan process. Don't miss out personal loans with credit defaults our faqs section. What is required to get online loans ontario approved. How fast is the loan approved.