When you need money urgently, you will certainly focus your attention on the fast loans available in South Africa. It is important to note that these are not available from large banks like African Bank, Standard Bank and FNB, but from small independent lenders many of which are local. The big question is how quickly you can have the cash in your pocket.

The application for quick cash loans takes only a couple of minutes, especially if you do it online.

You need to fill out a form with your personal and bank account details. If you want to save time, you should have your ID book and a bank account statement at hand. Some lenders require that you submit proof of employment income. You should check precisely what documents they require. You can have them scanned and sent over electronically as well. This will certainly save you time.

The processing of the online loan application takes no more than an hour. In some cases, it takes as little as 10 minutes. As long as you receive income and the lender has proof of this, you should be automatically approved for such a loan. Lenders do not run lengthy credit checks. They work with virtually all borrowers including ones with bad credit and ones that have been blacklisted.

Once you have been approved, the funds will be extended to you automatically. They are typically wired to your bank account so you will have them in your pocket within the next 24 hours. If you want to get the funds on the spot, you will have to visit an office of the lender.

It can be safely said that fast loans are really fast.