Cash Loan Options From a Credit Franchise

Finance

Second-hand goods are a great way to get some money or buy a bargain. Whatever you have entered the shop for, these things are all on offer, and they even offer cash loan options. This is perfect for when you’re in a bind and need some quick cash.

1|2|3 Mini-Loan

This is a small instant loan against your salary that is repayable over a three-month period to your credit franchise. It is easy to manage and a great way to get back on your feet without creating (more) long term debt that will keep you in the red.

This kind of loan is exclusive to citizens who are permanently employed (which you will need to prove with your latest payslip) and paid electronically. This can take up to 48 hours to be approved the first time you take a 1|2|3 loan. You will be assisted with a short term plan loan and advice on how to be sure you repay on time with three easy-to-manage payments.

PayDay Advance Mini-Loan

By taking a loan against your next salary you can use the fact that you are permanently employed and paid electronically to your advantage. This loan requires proof of residence, three months’ bank statements and your latest payslip. However, approval only takes half an hour and you will be able to take out a loan against your next salary. This is perfect for when you have cash but cannot immediately access it for whatever reason.

With a PayDay Advance Mini-Loan you have quick access to cash to settle any pressing financial matters and the amount can be paid back on your next payday.

Cash Advance

This is an instant loan against your valuables for when you need fast access to up R20 000 cash without credit checks or proof of employment. The items loaned against are not necessarily something you want to sell, but are of high enough value. The reason you have such quick access to cash is the fact that your high value item will serve as security if you are unable to repay your loan the next month.

Until the customer has paid back the loan the item is stored safely. The item used for a cash advance can be any item of value from jewellery to power tools. All you will need to secure the loan in a valid proof of identity like an ID document, passport or driver’s license. Professionals will advise you on the best way forward once they have discussed your needs. The item will be tested to ensure it is in working order, you will be made an offer and a loan contract will be entered into. The loan must be repaid within a month, with loan fees.

These kinds of institutions are among the most profitable franchises because they have multiple revenue streams. Do you want to own a Cash Converters franchise? Contact us if you want to find out more about the franchises for sale in your area.