Easy Loans: Fast Funding with Fair Conditions
Need a loan with a quick application, minimal requirements, and instant approvals? Easy loans are the way to go. Quick easy loans are a fast and flexible way to get funds for immediate needs.
When time is not on your side, the speed of easy loans can be highly appealing. The online application takes just minutes, and lenders often take a day or less to approve and disburse the loan.
You can borrow small-to-moderate amounts that are easy to pay back within a short period. There are no long-term financial implications, and you won't get bogged down in debt for years.
Note that easy loans should not be confused with EasyPay loans. The latter is also a form of easy loans, but it’s issued by a financial service under specific conditions. You need to use EasyPay for transactions for at least three months, and the loan terms depend on the amount you transact on the platform.
Easy loans, on the other hand, have no strings attached. You don't need to be an active user of any financial service, nor to pass a long list of requirements. The downside can be the higher interest rate.
Do you want to find the best easy loan deals for quick financial assistance? Get pre-approved offers with competitive rates on FairBanker.
Send us your loan request today!
Benefits of Easy Loans: Convenience and Flexibility
Wondering whether easy loans are the best option for your urgent financial needs? Here are key benefits to consider:
Fast Application and Approval Process
One key advantage of easy loans is how fast you can get your hands on the sum you need. Obtaining a loan can be as simple as filling out a form with a few personal details, and then expecting the quick approval.
No Collateral Required
The reason approval comes fast is that easy loan lenders don't require collateral that would need background checks. That means you can get quick funds without having to tie down anything or risk being dispossessed of your assets.
Flexible Credit Requirements
Easy loan providers are forgiving when it comes to bad credit histories. Even with a bad credit history, you can get the financial help you need.
Simple Repayment Terms
Quick and easy loans come with straightforward, short-term repayment schedules that save you from long-term debt.
High Borrowing Limits
Unlike most other short-term loans, easy loans can cover a wider range of expenses, from small cash emergencies to larger purchases.
Find Your Best Loan Deals Fast With FairBanker
FairBanker takes the grunt work out of finding the right loan. We provide quick reports with comprehensive head-to-head comparisons of the best loan deals. Plus, you can search, apply, and get your loan all on the same FairBanker dashboard.
Here’s how we elevate your borrowing experience on our platform:
Multiple Loan Offers to Choose Farm
FairBanker assembles all the info you need on the best loan deals in one easily-digestible report.
Verified Lenders for Peace of Mind
At FairBanker, we work only with verified, credible lenders that have been vetted by the NCR – the highest loan regulatory body in South Africa. You can confidently explore options without worrying about scams or shady deals.
Easy One-Step Application Process
You don't have to hop on multiple platforms during your loan search. With FairBanker, you can compare loans, apply, and get approval, all in one place.
Personalized Loan Offers
FairBanker shows you loan offers tailored to your financial situation. No generic, one-size-fits-all offers. All our options are a good match for your needs, making it easier for you to decide on them.
Can I get an Easy Loan? The Basic Requirements
Being easy doesn't mean that easy loans are available for everyone. Lenders have some basic requirements to weed out applicants who might not be able to pay back their loans.
To qualify for easy short-term loans, you need the following:
Age: You need to be at least 18 years old. In some cases, lenders use a higher minimum age.
Proof of income: Lenders need to know how much you earn regularly to ascertain the right loan deal to offer you.
Valid ID and proof of residence: You must provide a government-issued ID, like a driver’s license or passport, and proof of residence, such as a utility bill or lease agreement.
Conditions to Expect from Easy Loan Providers
Here are the factors that weigh down the most on your easy loan deal:
Credit score: Easy loans are available to people with less-than-perfect credit score. However, a good score raises your chances of securing favorable terms.
No Collateral Needed: You don't have to risk any asset like a home or car with easy loans. However, adding collateral can raise your borrowing limits and minimize the interest.
Employment status: Your loan terms will also depend on your income source. Many lenders will accommodate your income level, whether you’re self-employed, working part-time, or in between jobs.
Quick Steps to Apply for Easy Online Loans
FairBanker takes out the hassle of finding and securing an ideal loan deal. Your journey begins and ends on the platform, and you can get your loan processed within minutes.
Step 1: Hop on FairBanker’s home page and fill out the loan inquiry form. Provide a few personal details, specify the loan amount and other desirable conditions.
Step 2: We’ll then forward your request to the top lenders on our network and send you a list of pre-approved deals.
Step 3: Go through the report and look for the most convenient deal.
Step 4: Once you find a deal with a loan amount and terms that best match your expectations, click the apply button next to it. Fill out the loan application form on your FairBanker dashboard.
Step 5: Submit your loan application and wait for the quick response.
Step 6: If your application is approved, you’ll be notified shortly and sent a final agreement. Read through the agreement carefully before signing, and provide any extra personal info needed.
Alternatives to Easy Loan
Are Easy Loans Right For You?
It’s prudent to consider your alternatives before settling for an easy loan. Many other similar types of loans may fit you better in certain situations. These include:
Quick Loans: Like easy loans, quick loans are fast, simple to apply for, and require minimal paperwork. They’re ideal when you need fast access to cash without cumbersome requirements. Under an emergency, you can secure a decent loan amount within minutes or hours of applying.
Payday Loans: You can also take out a loan against your next paycheck. Payday loans are quick and easy to get, though the high interest is sometimes discouraging.
Short-Term Loans: Short-term loans share a lot with easy loans, especially the speed and minimal requirements. However, you can get a slightly longer repayment term with short-term loans than easy loans. You can even get up to a year to pay back.
Debt Consolidation Loans: If you’re considering taking out an easy loan to pay off a pending debt, try loan consolidation instead. With this option, you roll multiple debts into one manageable payment with lower interest. Doing this simplifies your finances and can lower your overall debt cost. This essentially gives you more control over your debt.
These are all flexible alternatives that you can count on when unexpected expenses come knocking at your door.
FairBanker is your go-to platform when cash emergencies arise. Send in your loan request today!
Frequently Asked Questions about Easy Loans
Can I get easy loans with bad credit?
Yes! One of the major benefits of easy loans is that they’re available to people with bad credit or no credit history. Easy loan providers focus on your current ability to repay rather than your past credit mistakes. However, note that you’ll likely pay higher interest rates or have shorter repayment terms due to the bad credit.
How quickly can I get approved for an easy loan?
The approval process for easy cash loans online is incredibly fast. In many cases, you can be approved within minutes of applying online. Once approved, the funds are usually deposited into your bank account the same day.
What are the repayment terms for easy loans?
Easy loans typically have short terms – a few weeks to a few months. If you need more time to pay back, consider other alternatives like a personal loan.