“Lime 24 is an innovative online loans service that https://best-loans.co.za/lenders-loan/lime24-payday-loans/ was designed by a small team of individuals with extensive knowledge in the sectors of finance, I.T and internet marketing.” The website of Lime was launched in July 2021 and within a month it was popularized as one of the top online lending companies. The website is managed by Tanu Abayomi. The company is backed by Nasser bin Zayed Al Azzou, a Moroccan prince who is a former minister of finance.

The concept behind lime24 loans is simple. The website is designed to provide fast access to existing customers. An applicant can apply for a loan in five minutes. Citations are not necessary as the loan can be taken without having to submit any document or credit reference. This makes the process very fast and convenient. It can be used by any person regardless of their age, gender, employment or income level.

In addition to this online application, it is possible to apply for a loan without presenting a South African identity document. Citations can be made without providing a SAD. Citations can also be if the applicant has an active bank account. A borrower need not provide any proof of residence or identity in order to apply for a loan through the website.

Borrowers are responsible for finding the most suitable means of repayment. Monthly payments can be into a special bank account and payments can also be debited from it. If a borrower fails to make monthly payments, overdue fees can be charged until they are paid in full. The company offers an interest-free introductory period for new customers. During the introductory period the amount of loan can be increased up to an agreed limit with subsequent increase being reflected in interest charges deducted from the final amount to the extent that they are equal to the amount previously paid.

An online loan application can be submitted for processing within five days. A quote for the amount to be borrowed can be provided in a matter of five to seven working days. The company can process the application within five days or alternatively over the next five working days. Once the quote for a loan is received, the borrower will be in a position to compare the loan quotes which are then available to them within five working days.

Loans are available to individuals who reside in South Africa or those outside the country. It is possible to borrow up to a maximum of two thousand rand (approximate) for each day that a payment is due. Repayments can be in one of two ways; by credit card over the internet, or by visiting the offices of the company or having the repayments in person.

To apply for online loans service in South Africa, a person needs to complete an online loan application form with all the necessary details. The form can be completed by clicking on one of the links which are usually presented by the website. When complete, a credit reference agency is requested to complete a credit check for the applicant. This process takes up to five minutes.

Citibank is the only traditional credit provider in South Africa, which offers a range of home loans. Most of the other financial services companies have either no access to credit providers or very limited access to credit providers. These companies usually offer loans at high interest rates and balloon payments, which make it difficult for the borrower to pay off. Individuals who require more flexibility in their financial services should consider looking for a suitable online loan provider who offers low-interest and flexible lime loans.