Mayday Loans – loan application
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Notice: This service is no longer available
Mayday Loans no longer appears to be operating in South Africa. The website does not respond and we recommend comparing alternative NCR-registered lenders below.
We recommend choosing one of the active lenders: Compare loans →
Screenshot of https://www.maydayloans.co.za/, operated by: Mayday Loans, used under legitimate licence.
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Mayday Loans – repayment table
Estimated monthly repayments at 10.00% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 1 months | 3 months | 6 months | 12 months | 18 months | 24 months |
|---|---|---|---|---|---|---|
| R100,000 | R110,000 | R43,333 | R26,667 | R18,333 | R15,556 | R14,167 |
| R200,000 | R220,000 | R86,667 | R53,333 | R36,667 | R31,111 | R28,333 |
Representative example
Loan amount
R100,050
Repayment term
12 months
Monthly interest
10.00%
Monthly repayment
R18,343
Total interest costs
R120,060
Total amount payable
R220,110
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
R100 – R200K
Term
1 – 60 months
Interest from
10.00%
Approval
15 minutes
Age
15 minutes
Online application
Yes
Requirements
- ✓ The minimum age to use our service is 18
- ✓ Must be a current resident of South Africa
- ✓ Need an active South African bank account to allow the money to be transferred to you
- ✓ Have to be a current resident of South Africa
- ✓ You must have an income every month whether it be benefits or a job
Loan features
- Online loans up to R200.000
- Term 1 - 60 months
- Fast online application