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Loans are a good alternative for people who want money for needs, like paying a debt, buying groceries, purchasing medicine, and to achieve some goals, like plan a trip, make home improvements, pay college tuition fees. One of the best ways to get a good loan, quickly and with good terms is using Arcadia Finance services.

The main benefit of Arcadia Finance Loans is the free application process, this company provides a good service, with a good reputation in the South African financial market.

To learn more about Arcadia Finance and the main features of this loan service, follow this article until the end.

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What is the Arcadia Finance service?

Arcadia Finance is a searching service that will help you to find the best loan, with good terms and the amount you need to achieve your goals. You don’t have to worry about costs related to it, because Arcadia finance is free for everyone.

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Also, they have a customer-centric approach, to offer benefits like quickness and effortlessness, to help you to find the best loan in South Africa.

Arcadia Finance has a partnership with 10 of respected lenders in South Africa, this will ensure that you can get money with no worries about fraud or scam, offering more safety to you. All lenders follow the regulations set by the National Credit Regulator in South Africa.

One important thing to say is that Arcadia Finance isn’t a lender, they only offer a searching loans service to help you to find the best loan, based on your needs. You can choose the right offer between 10 respected lenders.

Also, it can help you to find the lowest interest rate loan, rates can be a nightmare for everyone, Arcadia Finance provides more peace of mind to their users when they are searching for low interest rates.

Main Benefits of Arcadia Finance Loans

Arcadia Finance service provides a lot of benefits for their users, with the goal to support them to find the right loan offer in South Africa.

Finding a good loan offer can be hard and take some valuable time of your life, but with Arcadia Finance you can get quick access to offers from multiple trusty lenders. This is only one advantage of this service, see below the main benefits of Arcadia Finance Loans:

  • Low interest rates: with Arcadia Finance you can get the best low-interest loans rates in South Africa. Rates can be a headache for everyone, because they have an impact on the monthly repayment amount. However, this service ensures that you will have access to the best offers.
  • Offers from 10 respected lenders: Arcadia Finance has a partnership with 10 trusty lenders in South Africa. All partners follow the regulations set by the National Creditor Regular in South Africa. This feature guarantees more safety on the borrowing procedure.
  • Comparison between offers: Arcadia Finance allows you to compare the best loans offers available from 10 lenders. It will help you to choose the best loan, based on your needs and capacity to repay. With this service, you can personalize your financial experience by setting the repayment period and the amount borrowed.
  • A variety of loan types available: Arcadia Finance provides different types of loans for their users, designed for all situations and reasons to get money borrowed, this brings financial solutions for a wide range of customers. They can select between personal loans, auto loans, short-term loans, consolidation loans and cash loans.
  • Application without commitment: Arcadia Finance service won’t commit to anything when you request for loan offers. Also, searching for offers will not affect your credit score.
  • Significant amount of money: with Arcadia Finance you can get up to the expressive amount of R 250,000. That money will be a good tool to help you to achieve your goals. You can select the amount between R100 and  R250,000, get the amount based on your plans and capacity to repay.
  • Up to 72 months to repay: Arcadia finance offers to their customers a period between 6 and 72 months to repay the entire loan amount. It gives more freedom and flexibility for their users, because they will have a good period of time to avoid debt and plan their financial life.

These are the key advantages of Arcadia Finance service, the main goal is to provide an effortless application, to get access to a variety of offers and lenders.

About Arcadia Finance Instituition

Arcadia Finance was founded in 2012 with the goal of providing a loan comparison service to help individuals to find the best loan available based on their needs and to empower them to accomplish their financial goals.

Arcadia Finance emerged as an innovative searching loans service in South Africa, offering a user-friendly experience for their customers. This loan comparison platform simplified the process to get a loan, in only 5 minutes it’s possible to borrow money from a trustworthy lender.

In 2015, Arcadia Finance expanded their offering for users, with the incorporation of personal evaluations and reviews to loans services. That expansion gives users the opportunity to learn more about financial services and personal finance tips. They post articles about banking, budgeting, credit cards, loan reviews, etc.

Their main goal is to ensure that South African people will take informed decisions when interested in financial products and services.

Arcadia Finance was developed by Draivi, a Finnish marketing company, founded in 2012, with a diverse portfolio of online media platforms in countries such as Finland, Germany, Norway, Sweden, etc.

Draivi owns and operates over 10 different online medias mostly focused on online lending, electricity and other verticals. In 2022, they had a 9,3 MEUR revenue.

In South Africa, they help around 10,000 users daily to get the best loan offer, based on their needs and goals.

Requirements to apply for a loan

To get access to a loan through Arcadia Finance, you must meet some requirements, see below the prerequisites to apply for a loan with this platform:

  • Residency: you need to be a legal resident of the Republic of South Africa
  • Age:  to apply for a loan through Arcadia Finance, you must be 18 or older
  • Bank account: to receive the loan amount, you need to have a valid bank account
  • Income: to improve your chances of approval, you should have a regular source of income, to guarantee more reliability on your capacity to repay the amount borrowed. The loan amount should not be more than 8 times larger than your monthly income.
  • Credit score: also, will be needed at least a fair to good credit score to get approved, your credit history will have an impact on your application too.
  • Employment: you should stay current employed for more than 6 months

Following these requirements will get easy access to your loan, with an effortless and quick experience.

You may also need to provide some additional documentation such as recent payslips, bank statements with salary deposits, a copy of your employment contract or relevant tax assessments.

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Step by Step to Apply for the Arcadia Finance Loans

Arcadia Finance loans has an easy application process, you can finish your application with only 5 minutes through a user friendly platform. So let’s start this process following the steps below:

  1. Visit the Arcadia Finance website, press the green button in this article to go forward.
  2. Personalize your loan application, based on your needs and capacity to repay it, so, choose the total amount and repayment period.
  3. Further, insert your email and cellphone number
  4. Accept the terms and conditions, after that press the orange button “Apply Now”
  5. Fill out the application form with your personal information like name, employment status, monthly salary, regular income, South African ID number, etc.
  6. Review the information provided to have an application with more chances to be approved
  7. Submit the application form, you need to press the button “Continue”
  8. After applying, you will receive offers immediately
  9. Compare the loan offers available and accept the most suitable for you.

However, remember that Arcadia Finance is only a search platform that shows the best loans in South Africa, they are not a bank. Before applying you need to be sure that you fulfill the requirements. A good credit score and credit history can increase your chances of approval.

Fees and Tariffs

When you are applying for a loan, it is important to carefully consider the fees and tariffs related, to better understand the terms and conditions, and to not get in financial trouble. See below the Arcadia Finance fees and tariffs:

  • Searching and comparison services: it’s just free, you don’t have to pay anything to use the Arcadia Finance platform, providing more freedom and flexibility to you.
  • Minimum Annual Percentage Rate (APR): 5%
  • Maximum APR: 60%
  • Interest rates: other rates can vary to lender by lender, a better credit score increases your chances to get lower interest rates.

Customer Service

To get in touch with Arcadia Finance, you can contact the institution by the email address [email protected]. The mailing address of Draivi Media in South Africa is Nº5 Sturdee Avenue, Suite 301, 2196, Rosebank, Johannesburg.

Through these channels you can do some inquiries and answer your doubts. In Arcadia Finance Website you can get more information on the Frequently Asked Questions (FAQ’s) area in the bottom of the page.

Now you are ready to take an informed decision to apply for Arcadia Finance Loans, evaluate the fees, interest rates, repayment period, etc. So apply now to get the best loan offer in South Africa, with a quick process and lower interest rates. Enjoy the Arcadia Finance Services.

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