How to Get a Loan at 0%?

Microloans are indeed very convenient, which is why more and more residents of South Africa are turning to microfinance organizations. Although this is a popular practice, not everyone likes paying fees for microcredit services, even if the overpayment amount isn’t that significant. If you don’t want to give up this convenient way of addressing short-term financial difficulties and continue applying to microfinance organizations, but would like to save money, find out how you can get a loan at 0%. Consider several methods that are proven and completely legal.

First Loan at 0%

Several microfinance organizations have special conditions to attract new clients — they offer the first loans with no interest. That’s why, if you’re not willing to pay more, you can apply for microloans from different microfinance organizations. This method has a significant downside — you cannot do this constantly, but you can save on fees about 4-5 times. Additionally, not all organizations are willing to lend large amounts to new clients, so using this method, you can typically receive an average of up to 700 rand. You can check the exact terms from all major credit organizations in South Africa on our website.

Keep an Eye on Promotions and Special Offers

Don’t miss the chance to take advantage of beneficial offers by following the social media accounts of the leading microfinance organizations in South Africa. This way, you will always be informed about how and when you can apply for a microloan with an increased limit, as well as use a promo code for a 0% interest rate. Moreover, social media often hosts prize giveaways that can be quite exciting.

Regular Loans

If you don’t mind saving on loan interest, simply try to become a regular client of a microfinance organization that has a loyalty program. If you frequently take out microloans, for example, several times a year, and successfully repay them on time, this method will be beneficial for you. Lenders reward such clients by lowering the interest rate. An additional advantage will also be an excellent credit history, which will be useful for you in the future.

Thus, it is possible to obtain a loan at 0% or get a microloan at a reduced rate, which is also a profitable option. You can find a complete list of reliable microfinance organizations in South Africa with an impeccable reputation through the link.