123 Cash Loans

123 Cash Loans

123 Cash Loans offer unsecured personal loans of up to R8 000. If you are looking for a personal loan with easy access their cash loans are worth considering. When your application is approved funds are deposited directly to your bank account and you get repayment terms of between 2 to 6 months.

All loans from 123 are unsecured. This means no collateral is needed in order to get a loan.

Applying for a personal loan with 123 Cash loans is simple, fast and convenient. They have gained experience over the 19 years that they have been in business in the micro lending industry.

You can also apply for payday loans that will be paid to you on the same day. With payday loans the repayment period is 30days.

Once your application is approved you can use the funds for any purpose.

If you are blacklisted, but not under Debt Review or Administration, 123 Cash loans will assist you. To apply for a personal loan you need to have been at your current job for at least six months.

For personal loans 123 Cash Loans charges a 5% flat interest rate per month, an initiation fee of R150 and a R50 monthly service fee, which are all included in the monthly instalment. The interest is equivalent to an APR of 60% and is controlled by the National Credit Regulator.

123 Cash Loans gives you an option to renew or increase your loan.

Requirements To Apply For 123 Cash Loans

  1. You must be 18 years or older
  2. A valid SA ID
  3. Proof of residence
  4. 3 months banks statements
  5. You must not be under debt review
  6. 3 months payslips
  7. You need to have been at same job for at least 6 months

123 Cash Loans Contact Details

To apply for a personal loan you can do it online by visiting their website or you can call them on 0873 301 230 and a friendly consultant will assist you over the telephone.


NB. Visit Our Loan Calculator Here