Unexpected bills, medical emergencies, electricals on the fritz and sudden travel expenses, we’ve all been caught out at some point. Wouldn’t it be handy to have short-term access to money fast for such emergencies?
Whether it’s the end of the month or you have restricted access to your savings, an emergency short-term loan can be a quick fix when you’re in a financial stick. We’ll answer your queries, covering - what is a short-term loan? How do they work, and when might you need one?
A short-term loan is a great way to access or unlock additional funds when you find yourself running short, but you know you can repay the money fast. If you are waiting for finances to clear, expecting a paycheck or receiving other funds soon, a short-term loan could be a great option for covering your unexpected expenses.
They’re essentially designed to bridge a financial gap in your finances, boasting a fast application and approval process. You can typically expect to receive the funds the same day you’re approved.
In contrast, a long-term loan is repaid over a longer period of time, like some years for example. Longer-term loans are designed for larger amounts and will be utilised to help support buying a new home, renovations, starting a business and so on.
Whether it's a small-scale personal expense or a global crisis that puts you in need of financial support, a short-term loan can help with financial emergencies. From car repairs, home maintenance, vet bills, large furniture purchases, replacement tech, dental bills, to medical bills, you’re covered with a short-term loan.
Short-term loans can act as a bridge when it comes to your financial outgoings and incomings. They can often be a lifeline in times of financial pressure. Funds are made available fast, and in our case, the same day as you’re approved for your loan.
This type of loan can prevent steep overdraft fees, penalties on late payments, prevent utility disconnections and debt on your existing outgoings. Take care of financial demands without having to dip into savings or investments.
Choose, Apply, Approved, Cash. Simple.
Find Out MoreYou decide exactly how much you need to tide you over or to cover your expenses. You can borrow from R 1,000 to R 6,000, choose your repayment period - starting from 61 days to 65 days
You’ll need to register with us before completing a short-term loan application. We’ll then need to know a little about you and your financial situation. This is a quick process that won’t take longer than 10 minutes to complete
Your application will be reviewed within 24 hours. In the case that you’re approved, you’ll be notified within 24 hours of us receiving your application form
Once you’ve been approved, you’ll receive the funds the very same day, or within 24 hours
Even if you have a poor credit record, you can still apply. You’ll go through a credit check, but this doesn't mean you can’t benefit from support. We made decisions based on many factors, not just your credit score, taking into consideration your finances and other factors too.
Please be advised that this is not a long-term solution - quick loans for unexpected bills or emergencies can help when you need money fast and you know you’ll be able to meet repayments. Please do not use short-term loans when faced with ongoing financial stress or long-term debt.
Missed payments will result in an added service fee and an increase in interest, with implications for your credit rating.
At Southern Finance, we offer rapid and hassle-free short-term loans. You can apply online easily and borrow up to R 6,000, or even as little as R 1,000. After your loan is approved, you’ll receive the funds directly in your bank account within 24 hours. It’s a highly simple process with no hidden fees and no hassle.
For more information on repayments and terms or how our short-term loans work, speak to one of our agents today for free advice. See how we can help today by calling 012 534 3416.