Recent studies have found that South Africans turn to personal loans in times of financial hardship. Even more concerning – an increasing number of individuals are leaning towards using loans to pay for basic living costs.

This is against a backdrop of poor savings on a monthly basis.

The World Economic Forum’s Global Competitiveness Report 2012/13 indicated that only 16.5% of household income in South Africa goes towards savings and investments on a monthly basis.

This also means that the micro lending industry in South Africa has seen a large increase in use over the last few years. Micro lenders such as Lotus Loans Durban are providing a vital service to millions of South Africans.

Lotus Loans Durban – quick and efficient services

Research has indicated that over 21 million South Africans are indebted, which is largely an indication of the fact that incomes are not increasing at the same rate as the cost of living. More people are turning to micro lenders for help–especially in cases where their banks aren’t willing to assist.

Lotus Loans is a provider of payday and personal loans. Coupled with a quick and hassle free application process, loan applicants can expect fast pay-outs. Lotus Loans strives to provide pay-outs within a day.

Competitive interest rates are charged and clients are given flexible payment options. Once you qualify for a loan from Lotus Loans, you will have the freedom to be able to meet your financial obligations. Paying for your child’s school fees will be easier. Paying for rent or an unexpected medical bill becomes easier with a payday loan from Lotus Loans.

You will also have the benefit of having fast access to the cash you need so you can handle urgent financial matters.

How can I contact Lotus Loans?

Call them here: 031 401 0856
Visit them here:
312 Florence Nightingale Drive
Durban
4092