Borrow Money

Where To Borrow Money

Where can you borrow money in South Africa when you need it fast?

Life is full of unexpected surprises, many of them unwelcome, & they generally come when we are least prepared for them.

When this happens it generally means that we need to lay our hands on some cash pretty quickly to save the situation or to get ourselves out of a serious financial predicament.

So where are the best places to go when you need to get some quick cash funding that isn’t going to cost you an arm & a leg and that is reputable at the same time.

Where Are the Best Places To Go To Borrow Cash Now

So while there are many online options for quick personal funding, many of them are from less than reputable sources that could compound your problems instead of solving them so it is important to choose where you borrow money from wisely.

Below are some options with varying degrees of risk for you to consider;

If you have equity in your bond this is an excellent option, probably the best, to borrow money from – it comes at a very low interest rate but you will have to increase your monthly bond repayments to make up the loan amount
Family & friends is another great option as it is the least risky & will probably come at a low interest rate
A payday loan from your bank or a reputable lender will come at a higher interest rate but if it’s paid back with your next pay cheque the interest won’t be that significant
Your credit card is another source of quick credit but comes at a high interest rate
quick approval process

Just remember though, wherever you end up borrowing money from it will need to be paid back eventually.

So while it is a quick solution to solve a pressing financial need you will need to cut back & exercise some self-discipline to get it paid back & remain financially stable.