Loans South Africa

        Loans South Africa

Loans South Africa

Money runs the world, and sooner or later you run out of it, or you need more to supplement what you have. At such a time, a loan is very helpful. However, not everyone can access bank loans. Furthermore, getting the bank loan takes time, a luxury you may not possess when you need cash urgently.

R250 000
Loan amount R0 - R250 000
Interest 27,75 %
Maturity 12 - 60 months

Fast information

Properties of this loan

  • Online loans up to R250.000
  • Term 12 - 60 months
  • Cash in your account within 24 hours

Loan terms

  • Be 18 years or older
  • Have a valid SA ID or Drivers License
  • Have a bank account
  • Be employed and earn R2 000 or more per month
  • You will be required to provide proof of income documentation

About company

More information about the company Dial Direct Insurance Ltd

Borrow from R0 with interest from the 27,75 % Get a loan
R250 000
Loan amount R10 000 - R250 000
Interest 15 %
Maturity 7 - 72 months

Fast information

Properties of this loan

  • Online loans up to R250.000
  • Term 7 - 72 months
  • Cash in your account within 24 hours

Loan terms

  • Most recent proof of income, reflecting 3 salary deposits
  • You must be over 18 to apply for a Loan
  • Proof of residence not older than 3 months
  • Latest bank statement, reflecting 3 salary deposits

About company

More information about the company African Bank Limited

Borrow from R10 000 with interest from the 15 % Get a loan
R4 000
Loan amount R500 - R4 000
Interest 38 %
Maturity 1 - 30 days

Fast information

Properties of this loan

  • Online loans up to R4.000
  • Term 1 - 30 days

Loan terms

  • ID client number
  • Bank finance details
  • Recent three month bank statement
  • Proof of employment

About company

More information about the company Quick Ching (Pty) Ltd t/a Mulah

Borrow from R500 with interest from the 38 % Get a loan
R300 000
Loan amount R500 - R300 000
Interest 10,25 %
Maturity 12 - 72 months

Fast information

Properties of this loan

  • Online loans up to R300.000
  • Term 12 - 72 months

Loan terms

  • SA ID number
  • Proof of residence not older than 3 months
  • 1 month's payslip
  • Last 3 months’ bank statements, if you don't bank with us

About company

More information about the company Standard Bank

Borrow from R500 with interest from the 10,25 % Get a loan
R50 000
Loan amount R1 000 - R50 000
Interest 79 %
Maturity 6 - 24 months

Fast information

Properties of this loan

  • Online loans up to R50.000
  • Term 6 - 24 months

Loan terms

  • A valid SA ID
  • 3 latest payslips or 3 latest bank statements
  • Must be permanently employed and earning a monthly salary
  • A valid cell phone number
  • A valid SA bank account
  • Must be 18 years or older

About company

More information about the company Capfin SA (Pty) Ltd

Borrow from R1 000 with interest from the 79 % Get a loan

RCS

RCS  4
R250 000
Loan amount R2 000 - R250 000
Interest 15 %
Maturity 12 - 60 months

Fast information

Properties of this loan

  • Online loans up to R150.000
  • Term 12 - 60 months
  • Decision in seconds
  • Cash in your account within 24 hours

Loan terms

  • You must be 18 years old and older
  • You must have a South African ID
  • You must earn a minimum of R2000 a month
  • You must hold a bank account
  • You will be required to provide proof of income documentation

About company

More information about the company RCS Group

Borrow from R2 000 with interest from the 15 % Get a loan
R200 000
Loan amount R5 000 - R200 000
Interest 27,75 %
Maturity 1 - 7 years

Fast information

Properties of this loan

  • Online loans up to R200.000
  • Term 1 - 7 years
  • Quick application

Loan terms

  • Have and Identity Document of the Republic of South Africa
  • Be over 18 years old

About company

More information about the company DirectChoice

Borrow from R5 000 with interest from the 27,75 % Get a loan
R4 700
Loan amount R100 - R4 700
Interest 5 %
Maturity 7 - 28 days

Fast information

Properties of this loan

  • Online loans up to R4.700
  • Term 7 - 28 days
  • Same day online payday loans

Loan terms

  • You need to be a South African citizen and above 18 years of age
  • You also need to be employed and have a valid bank account

About company

More information about the company Southern Finance Ltd

Borrow from R100 with interest from the 5 % Get a loan
R200 000
Loan amount R10 000 - R200 000
Interest 2 %
Maturity 1 - 10 years

Fast information

Properties of this loan

  • Online loans up to R200.000
  • Term 1 - 10 years
  • Easy online application

Loan terms

  • Have and Identity Document of the Republic of South Africa
  • Be over 18 years old

About company

More information about the company EC Loans

Borrow from R10 000 with interest from the 2 % Get a loan
R4 700
Loan amount R500 - R4 700
Interest 38 %
Maturity 7 - 35 days

Fast information

Properties of this loan

  • Online loans up to R4.700
  • Term 7 - 35 days
  • Easy online application

Loan terms

  • You need to be a South African citizen and above 18 years of age
  • You also need to be employed and have a valid bank account

About company

More information about the company Finance27

Borrow from R500 with interest from the 38 % Get a loan
R8 000
Loan amount R500 - R8 000
Interest 19,5 %
Maturity 1 - 6 months

Fast information

Properties of this loan

  • Online loans up to R8.000
  • Term 1 - 6 months
  • Easy online application

Loan terms

  • If you’re a South African citizen (at least 18 years old) who isn’t under debt administration and has never applied for debt review, you can apply
  • You will need to provide us with a copy of your ID, your latest payslip, and your latest 3 months’ bank statements

About company

More information about the company Loanzie Pty (Ltd).

Borrow from R500 with interest from the 19,5 % Get a loan
R350 000
Loan amount R250 - R350 000
Interest 15 %
Maturity 1 day - 84 months

Fast information

Properties of this loan

  • Online loans up to R350.000
  • Term 1 day - 84 months

Loan terms

  • To earn a regular monthly income of at least R2 000 per month
  • To have a cheque account into which your monthly income is paid
  • To be 18 years or older

About company

More information about the company Absa Bank Ltd.

Borrow from R250 with interest from the 15 % Get a loan
R150 000
Loan amount R100 - R150 000
Interest 34,9 %
Maturity 3 months - 6 years

Fast information

Properties of this loan

  • Online loans up to R150.000
  • Term 3 months - 6 years
  • Easy online application

Loan terms

  • If you are a South African citizen
  • Over 18 years of age
  • Employed and banked

About company

More information about the company Loans 4 Payday

Borrow from R100 with interest from the 34,9 % Get a loan
R80 000
Loan amount R2 000 - R80 000
Interest 10 %
Maturity 3 - 24 months

Fast information

Properties of this loan

  • Online loans up to R80.000
  • Term 3 - 24 months
  • Fast online application

Loan terms

  • You must be between the ages of 18 and more
  • Be a permanent SA resident
  • Be permanently employed or self-employed
  • Your salary must be paid directly into your bank account

About company

More information about the company Challenor® Finance

Borrow from R2 000 with interest from the 10 % Get a loan
R2 000
Loan amount R500 - R2 000
Interest 30 %
Maturity 7 - 25 days

Fast information

Properties of this loan

  • Online loans up to R2.000
  • Term 7 - 25 days
  • Fast online application

Loan terms

  • Have and Identity Document of the Republic of South Africa
  • Be over 18 years old

About company

More information about the company Kwalaflo (Pty) Ltd

Borrow from R500 with interest from the 30 % Get a loan
R150 000
Loan amount R5 000 - R150 000
Interest 27,75 %
Maturity 2 - 6 years

Fast information

Properties of this loan

  • Online loans up to R150.000
  • Term 2 - 6 years

Loan terms

  • A regular monthly income of at least R5 000
  • A clear credit record
  • Your last 3 months' payslips or bank statements
  • A clear copy of your ID document
  • Details of your bank account into which your salary is paid
  • A recent document confirming your residential address

About company

More information about the company FirstRand Bank Ltd.

Borrow from R5 000 with interest from the 27,75 % Get a loan
R500
Loan amount R100 - R500
Interest 16,5 %
Maturity 1 - 45 days

Fast information

Properties of this loan

  • Online loans up to R500
  • Term 1 - 45 days

Loan terms

  • You need to be over 18 years of age and less than 65 years old
  • Residing and employed in South Africa
  • With an active RSA bank account, plus your own email address and cell phone
  • Your credit rating will determine if there are any additional requirements
  • We do a quick assessment of your financial ability to repay a loan
  • So the results should give us an assurance of your ability to settle your debt when the time comes

About company

More information about the company Makanda Finance Ltd.

Borrow from R100 with interest from the 16,5 % Get a loan
R3 000
Loan amount R500 - R3 000
Interest 15 %
Maturity 5 - 35 days

Fast information

Properties of this loan

  • Online loans up to R3.000
  • Term 5 - 35 days
  • Easy online application

Loan terms

  • A personal bank account, taken out in your own name, active for at least of 3 months
  • A contactable e-mail address that you have daily access to
  • A permanent job, where you earn a monthly or weekly salary - NOT fortnightly
  • Earning a monthly salary of at least R4 000
  • At least 18 (eighteen) years of age
  • A South African Citizen
  • No judgments or defaults

About company

More information about the company PayDay Loans (Pty) Ltd.

Borrow from R500 with interest from the 15 % Get a loan
R250 000
Loan amount R1 000 - R250 000
Interest 27,75 %
Maturity 12 - 60 months

Fast information

Properties of this loan

  • Online loans up to R250.000
  • Term 12 - 60 months
  • First loan strictly for women

Loan terms

  • Be 18 years or older
  • Have a valid SA ID or Drivers License
  • Have a bank account
  • Be employed and earn R2 000 or more per month
  • You will be required to provide proof of income documentation

About company

More information about the company First for Women Insurance Company Limited

Borrow from R1 000 with interest from the 27,75 % Get a loan
R2 000
Loan amount R500 - R2 000
Interest 19 %
Maturity 1 - 90 days

Fast information

Properties of this loan

  • Online loans up to R2.000
  • Term 1 - 90 days
  • Easy online application

Loan terms

  • You need to be a South African citizen
  • above 18 years of age
  • You also need to be employed and have a valid bank account

About company

More information about the company gp credit Solutions (Pty) Ltd

Borrow from R500 with interest from the 19 % Get a loan

        Loans South Africa

Online lenders feel like a godsend at such moments. However, you must take good care to pick the right online lender to ensure you don’t regret your decision. The following are the things to keep in mind when deciding who to go to for South Africa online loans:

How Much Will It Cost You?

This is one of the most important issues to consider when deciding on a lender, whether online or offline. Loan providers charge interest rates, service fees, and other charges. The amounts vary, and it’s up to you to do a thorough comparison each lender.

Note that while some lenders may advertise low interest rates, there may be additional or hidden charges, which could make the loan costly. You must therefore do prior research to establish exactly how much it will cost you to access South Africa cash loans from different lenders.

What Happens If You Don’t Pay on Time?

Some lenders are stricter than others. If you default, the lender will most likely add penalty charges to the amount you have to pay. How much this amount is varies between lenders. Furthermore, the amount of time after the due date they give you before the penalty charges start accruing also varies. Eventually, the lender will contact the credit bureaus, leading to an alteration of your credit record, which will limit your ability to access South Africa loans from other lenders in future.

To be on the safe side and make the right decision, find out:                                  

What Are the Other Customers Saying?

A business is only as good as its customer service. To avoid suffering what others have suffered, find out what they feel about their experience with a particular loan provider. The best place to gauge customer satisfaction is on the lender’s online platforms in the comments. Social media is a good place to assess what people feel about the lender’s services.

If the lender has a social media page, go to the comments of their posts and see what people have to say. Are they venting? Are they thanking the lender for good service? What sorts of problems are they complaining about? Were those problems fixed?

Trustworthiness and Transparency

It’s unfortunate, but not all online lenders are trustworthy. In fact, some are predatory. Therefore, ensure you go for lenders that offer the loan terms upfront, among other transparency measures. You can also gauge transparency based on testimonials by customers who have used the lender’s services.

Wrapping It Up

To ensure you pick the best lender, do your research. Ask around. Go online and see what people are saying. You will save money and spare yourself some agony.


Loans South Africa rating: 4.5/5 from 20 votes.

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Loan comparator Coolfinance.co.za:
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The company is not the provider of any financial product.

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