Skip to main content

Lendico Loans (Review)

We have been following Lendico for the last couple of months and we are truly impressed with the service they are offering. They have brought a unique p2p lending website to South Africa and by the looks the things; they are surely making a stir in the lending industry.

Lendico was started in Germany and have opened up in Spain and now South Africa and people seem to love the idea to apply online and let investors determine if they are willing to invest etc.

The great thing for me about Lendico is that they help both companies as well as private individuals to finance their loans. These types of websites aren’t new to the business and international sites like Lending Club have been around for a while, but Lendico truly offers South Africa the first glance p2p lending.

Another great feature is that Lendico checks every loan request against the person’s credit rating, thus offering effective execution. The categories listed for loans vary from loans from education, home renovating, debt consolidation, real estate, moving etc., thus ensuring a viable loan option for people who need money and can’t always get that loan from a bank.

So be sure to look at Lendico if you are in need of a loan.

Online Loans (South Africa)

Online loans have basically overtaken offline loan applications over the last couple of years and the biggest reason for this is accessibility.

People want to get something done immediate and with online loans, you are able to go the website for your chosen personal loan company and apply online and within minutes get a result to determine if you do qualify for an instant loan or not.

Online loans give people the option to apply and get that result to enable them to rest assured that the personal loan company will contact you and setup all the necessary arrangements to get that cash into your bank account and determine the interest and repayment terms.

Online loans takes allot of hassle out of the loan application process, since people can apply within the comfort of the home or office and not have to go through standing in a queue and taking 1 or 2 hours out of their day to get the process started.

In this day and age, everything is about quality service, when you need it and if you can offer that service as a personal loan company, people will use you and keep on coming back for more.

So for anyone looking for an instant loan, be sure to look online for the personal loan and feel free to have a look at the instant cash loan companies we feature on our website.