Finding a loan these days has become an easier experience. The internet has also made the world somewhat of a global village and has created easier access to products and services. The newspaper classifieds section is quite useful for a number of reasons. The evolution of the print industry has created various opportunities for change. Gumtree, one of South Africa’s largest classifieds services has over the years adapted to the changes in the digital age. More people are accessing it online nowadays.
Users are also searching for more than just used goods or other goods and services, but are also extending their search to financial solutions.
Banking institutions are no longer the primary source of credit solutions in the country. More micro lenders have stepped into the fray and are providing South African consumers with financial assistance when they need it most.
Loans are available on Gumtree.
These solutions come in the form of:
- Loans against cars
- School fees loans
- Building loans
- Blacklisted loans
- Loans for individuals under debt review
- Loans against property
- Bridging loans
- Loans against provident funds
- Loans for self-employed individuals
- Cash loans
- Loans for individuals with bad credit
By browsing through the Gumtree site you are able to get quick and convenient access to loans. In some cases, there are no credit checks and instant loan options are available.
According to the Financial Services Board, at 15.4% of its GDP, South Africa has one of the worst savings rates in the world. This can be attributed to a various number of reasons. South African government statistics also reveal that South Africans are now borrowing more money than they are saving. Rising inflation and the bad economy are undoubtedly contributing factors.
On Gumtree you can find loans available up to R40 000, which can also be personalised to your individual profiles and needs. Repayment terms range between 3 and 42 months and application processes are simple and paperless.