Loans Without Payslip and Bank Statement

        Loans Without Payslip and Bank Statement

If you have tried to apply for a loan without a payslip or bank account, then you perfectly understand how tough of a task it is to shop for a loan with limited resources.


FNB  3
R300 000
Loan amount R1 000 - R300 000
Interest 13 %
Maturity 1 - 60 months

Fast information

Properties of this loan

  • Online loans up to R300.000
  • Term 1 - 60 months

Loan requirements

  • You must be between the ages of 18 and 64
  • 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 First National Bank

Borrow from R1 000 with interest from the 13 % Moread


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 requirements

  • 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 % Moread
R9 000
Loan amount R300 - R9 000
Interest 0 %
Maturity 4 - 65 days

Fast information

Properties of this loan

  • Online loans up to R9.000
  • Term 4 - 65 days

Loan requirements

  • The borrower’s age should be in the range of 18 to 65 years
  • Users must pass a credit check
  • Requires a current email address
  • Provision of current phone number and Debit card
  • Recent pay slips and Proof of address

About company

More information about the company Binixo Corporation

Borrow from R300 with interest from the 0 % Moread

        Loans Without Payslip and Bank Statement

Applying for a loan without a payslip or bank statement is unlike getting approved for a loan at your bank. Banks and other financial institutions will turn you away if you don’t have the relevant documents required - a valid bank account, bank statements and payslips.

Loans without payslip or bank statement in South Africa replace the old loan types that require a 3-6 month bank statement, payslips, and good credit score. Loans without payslip or bank statements are proving to be resourceful to the South African without a bank account or payslips to reflect their income source. You could be self-employed, and you get paid by cheque or cash.

Let’s say you got self-employed recently. You run small businesses like a salon or a barber shop. However, you don’t have bank statements or payslips. Loans without payslip and bank statements are for locals like you.  

What are loans without payslip and bank statements? 

These are loans that don’t require South Africans to provide a payslip or a bank statement to get a loan. Banks and other financial organizations ask for these documents to assess whether you meet the loan criterion.  A payslip and bank statements are the best tools for this analysis. Those with a permanent job can easily get approved. However, if you’re self-employed, it means you might not have payslips. Also, it could be you have no use for a bank account, so you can’t generate the bank statements reports. 

Financial organizations like banks cannot loan you money if you don’t have a bank account, a payslip or even 3-6 month old bank statements. That said you can always go with alternative lenders who don’t ask for a payslip or a bank statement. 

What are the requirements? 

Types of Loans you can apply with no payslip and bank statement 

Where to get loans with no payslip and bank statement in SA 

Here are some go to lenders that provide personal loans with no payslip or bank statement in South Africa.

RCS no payslip loan south Africa

RCS approves loans with no payslip ranging from R1,000 to R150,000. However, new customers can apply for a maximum of R4000 with 3 months to repay. So, your loan limit improves with time which in turn affects the repayment period.Otherwise,their loan repayment period is set at 12 to 60 months. 

Loan City personal loan

At Loan City you can get approved for a loan of up to R300,000.The loan amount varies with the loan duration - a longer loan duration guarantees a bigger loan. Also, repayment amounts and periods are flexible and you pay what you afford. The loan application process does not require any document and you are guaranteed instant approval.To get approved you need to prove your source of income only -  even a stamped letter not necessarily a bank statement or a payslip. Persons with poor credit  can apply.

Peer-to-peer lenders 

You can find loans without payslip and a bank statement by browsing on P2P lending sites like Gumtree, Rainfin, and Peerfin. These P2P platforms provide a simple way for borrowers to connect with lenders. With this option, you can get up to R100,000 depending on your credibility and credit profile. If you need a lot of money, some lenders will ask for bank statements. 

FNB Bank no payslip personal loan 

FNB bank is among the few banks that approve loans without payslips. Their loan limit offer for this loan is R125,000. The loan repayment period is flexible between 12 to 60 months. They charge an annual interest rate of 28%, an initial fee of R800 and a service fee of R68.40.


Binixo provides no payslip loans for South Africans ranging from R300 to R9,000. The payment periods range from 4 to 65days. The application process involves filling a short questionnaire and a few minutes wait time. You will receive a confirmation and the money will be credited to your account.

Loans Without Payslip and Bank Statement rating: 4.5/5 from 198 votes.
Lincoln Ndirangu Lincoln Ndirangu(LinkedIn)
Lincoln Ndirangu is a professional freelance web copywriter based in Nairobi, Kenya. For over 7 years, writing for the web and engaging the online audience has been primary focus and passion.More information...


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