Online loans

Binixo is a service that allows you to quickly and easily find complete information about online loans, familiarize yourself with the terms of microfinance organizations presented on the site, and immediately get the most favorable loan.

As of now, South Africans undergo a few on-the-ground problems, in particular, connected with low salaries, their delays or even scam. Thus, it is a common practice that every fifth person thinks of borrowing some cash to provide a comfortable living for himself and his family. For such purposes, the credit market welcomes and further accommodates various online lenders that can solve the monetary challenges of applicants. Especially, it concerns fast credits that banks tend to shrink from while MFO’s encourage. To alleviate the borrowers’ choice of creditors, Binixo can help anyone to choose a loan with attractive and convenient conditions.

Basic Requirements

Before requesting loans, it is essential to have at hand some documents or comply with a few requirements. So, who is eligible for online loans in South Africa?

• Have a South African ID and a card number of valid bank account;
• Have free access to the Internet;
• Older than 18 years.

That’s it. Make sure to provide only valid information.

How to Apply for Online Loans SA?

The times when customers had to read endless instructions of registration or application processes recede into the background. Today, with several steps only, it is possible to enjoy the funds accredited to a bank account. To get online loans SA fast:

1. Fill out a form located on the header of the site. Indicate full name, email, mobile number;
2. Wait for redirection to the website of a creditor. Note, Binixo does not issue loans but only helps to find the right lender;
3. Once redirected, confirm an application by indicating the requested information. A user should mention only valid and his own personal details otherwise he will be at great risk of being rejected;
4. Wait for the remittance of funds. On average, transactions take one business day to send the money on a bank account.

In some cases, a creditor may ask for additional information. From the Binixo side, there are only time-proven and reliable lenders.

Who We Are?

It is essential to mention that we are not directly issuing any types of online loans SA but Binixo is only an intermediary between borrowers and lenders. From our side, we guarantee the offers only from the trusted NRC licensed companies. Most importantly, we do not charge any fees for the services, and only an applicant decides on the repayment terms, and interest rates. There is no sharing of personal data with third parties, and no one will need a person to explain the reasons for requesting loans.

Calculate Interest for Online Loans

Whenever a borrower thinks of getting Binixo loans, he should familiarize himself with calculations of interest rates. Note, they solely depend or range within creditors but the minimum rate is of 124%ARP and maximum of 212%ARP. For instance:

• If a person requests 5000R with 10 days to repay, the total payment will be 5762.85R.
• Keep in mind, this calculation is based on approximate terms and may be subject to change in creditors.

FAQs: What May Bother Potential Borrowers?

Usually, people who only think of cooperating with Binixo may get puzzled with too easy requirements, and mark the service as a suspicious one. No need to be surprised, such user-friendly application is designated to make South Africans lives easier and get loans online with no trouble. However, there are a few questions that may arise. For applicants’ acknowledgment, here is a list of common bothering matters regarding the loans: