After you have decided on the amount to borrow, Click here “Apply Now” to access our calculator. Move the sliders to increase the amount until it reaches the total that you need and choose your repayment date. Once you have chosen the amount and date of repayment, we will show you the full cost of your loan in real-time. Once you’re happy, you may proceed to step 2 of your application.
Step 2 is where you provide us with all relevant information by filling in the application form on our secure platform. You will also be required to attach a copy of your ID, monthly income and expenses, your latest pay-slip and a three months bank statement so that we can determine whether you qualify for the loan that you want. We will notify you immediately whether you qualify.
Since we have approved your loan based on all the information you provided us with, we will immediately pay the cash into your bank account. We will collect repayment from your bank account on the due date, so please ensure that the required funds are available on the due date.
60 Second Loans SA provides its clients with quick cash advances of between R500 and R1000 for a few days or weeks. If you’re a new customer, we’ll lend you a maximum of R500 which is payable on your Pay Date. If you continue to borrow from us over a period of 2 months, you may qualify for R550 or more, this is subject to approval at the time of your new application at the end of the third month of our Business Relationship. All our Loans are PAY-DAY Loans hence, they are due for repayment on your pay-day. If you would like to pay us back earlier, you are welcome to do so and there will be no hidden fees.
We expect our clients to repay us on the dates that they have promised to make payment. If you have any doubts or are unsure you’ll be able to do that comfortably, please do not apply for a loan.
We are committed to building Business relationships that are based on Trust between ourselves and our clients, by means of maintaining transparent Lending Practices while striving to bring innovative financial products to the market. Once you have chosen your Loan amount and your date of Payment, you will immediately see the complete repayment amount, including fees and interest granting you the opportunity to make an informed decision before you proceed with your 60 Second Loans SA, Loan Application.
60 Second Loans SA prides itself in being one of the fastest Microfinance Companies in South Africa. We are able to approve and disburse your Loan within minutes if you provide us with all relevant documentation when you submit your application. We promise a speedy turnaround time because we have a sophisticated tracking and monitoring digital system that is able to speedily verify information that has been submitted. Our Loan Application takes less than 5 minutes to complete and to make your life easier, your cash is paid into your bank account immediately after it has been approved. Accessing a Loan has never been easier, 60 Second Loans SA provides Fast, Easy Online Loans because Time is Money!
The only way Costs will Increase is if you are unable to make the Repayment on the Agreed Payment Date. If our Collection attempt is Declined, We will contact you Immediately. We always try our best to Resolve such Situations on the Same Day. Please note that your Bank may Charge you for not having Sufficient Funds in your Account.
Our Collections Team will try again a few times to collect the Outstanding Amount from your Bank Account and they will keep trying to contact you to discuss the situation. If your Financial Circumstances have changed considerably, our Collections Team will do its best to offer a Solution to come to an agreement that is workable for you.
Please note that Late Payments lead to Interest and Service Fees that continue to Increase when the Delay in making Payment continues. Please also note that if you do not cooperate with 60 Second Loans SA and we cannot Recover the outstanding amount owed to us by you over a reasonable period of time, your account may be Handed Over to an external Legal Collections Partner, which may lead to Additional Costs to the Amount that you already Owe.
Continued failure to repay a loan will also lead to credit bureaus recording the outstanding debt. Records remain on file for a number of years after they are closed, whether settled by you or defaulted.
Finally, your trust rating and your next 60 Second Loans SA application may be impacted, and you probably won’t be able to borrow from us again.
If you have doubts about whether you’ll be able to repay a loan, please do not put yourself under more financial pressure by applying for a loan from 60 Second Loans SA. We strive to help as many people as we can, to access Loans from us, however, we also weigh the risk to you and to our Business.
We hope to do Business with you in the long-term and we look forward to being of help to you and your Family!
The 60 Second Loans SA Team!