Easyfin Loans Reviews (Easy Finance)

Are you in need of an instant loan in the form of cash? If yes, then you must consider the Easyfin loan facility available to all South African residents. It is in fact nationwide brokerage that has been providing its services to all needy South Africans for about thirty years now.

And the best part is that it only charges a minimal amount of interest on all cash transactions. It means that you won’t be overburdened with excessive rates of interest that make your loans overbearingly expensive. And the best part is that you can obtain loans for up to R150,000 instantly and conveniently.

However, before you decide to get yourself a loan from Easyfin, it is imperative that you do proper research on Easyfin loan reviews.

This will allow you to see what other people have to say about it rather than what the brokerage says about itself. So for that, I suggest you read the following complete article!

About Easyfin Loan

Easyfin loan is a good loan facility that has been working for over thirty years. They provide loans to needy people for up to R150,000.

Plus, they only charge a minimal interest rate and very little insurance sum. Besides, you will have to make monthly repayment installments.

Insurance and Transfer Fees

According to my own research and what people have told me about the Easyfin loans facility, you have to pay insurance upfront. Your loan amount will only be transferred to you when you pay the insurance amount. Furthermore, you will also have to pay the transfer fee yourself.

However, this is where the problem stems. Many people have complained about the delays in money transfers even after the funds have been transferred. One person even went as far as to say that he transferred the insurance money and never heard back from the broker again!

Maybe, it is some glitch in their systems because many people received their loan amounts immediately after they transferred the insurance sum and transfer fees. So, I would suggest that you take a loan through a third party that personally knows this brokerage. This is the only way you can expect a full and smooth loan experience.

Unnecessary Fee Demands

Another thing that I found out about Easyfin loan brokerage is that they demand unnecessary fee amounts from some people. A friend of mine told me that she had to pay R200 in the form of a transfer fee and a R340 stamp duty fee. Furthermore, these sums of money that you pay are non-refundable.

Besides, these additional fees are simply scams and are not a part of Easyfin loan brokerage. So, be very mindful not to fall into any such traps. Report to their official website if you encounter any such behavior.

Scam Agents

Most of the negative reviews that I received from some friends of mine were related to some scam agents connected to the Easyfin loan brokerage. It is these agents that demand extra sums of money from the users without the knowledge of the company. They have conned so many needy people who are in desperate need of cash.

So, you must be extra careful of such scammers when you are taking out a loan from Easyfin. Do not pay any amount other than the insurance and transfer fee to a trusted employee of Easyfin loans brokerage.

Final Thoughts

So, this was all from my side and I hope you all enjoyed reading through this article. I tried my best to provide you with all the information that you needed related to Easyfin loans. If you found all this helpful then don’t forget to share it with your friends and family as well so that they can benefit from this information and beware of such scams.

In any case, let me briefly summarize what I have discussed in the above article. Easyfin is an excellent brokerage that has been providing loan facilities to all South African residents at easy monthly installments and reduced interest rates however, in recent years people have been facing some scamming issues. So, if you are thinking about taking out a loan from Easyfin, I would suggest that you be mindful of the revelation I made above.