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Short Term Loans
Online and cash short term loans lenders in South Africa. Short term loans are often with fast approval. Lenders provide loans for up to 6 months.
Fast information
Properties of this loan
- Online loans up to R250.000
- Term 6 - 84 months
Loan requirements
- A copy of your I.D.
- Your most recent monthly bank statements
- A copy of your most recent pay slip
- Proof of residence (not more than three months old)
About company
More information about the company Bayport Financial Services 2010 (Pty) Ltd.
Fast information
Properties of this loan
- Online loans up to R4.000
- Term 1 - 30 days
Loan requirements
- 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
Fast information
Properties of this loan
- Online loans up to R5.000
- Term 1 - 6 months
- Same-day cash
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 Cobol Finance
Fast information
Properties of this loan
- Online loans up to R50.000
- Term 6 - 24 months
Loan requirements
- 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
Fast information
Properties of this loan
- Online loans up to R1.500
- Term 3 - 31 days
- Easy online application
Loan requirements
About company
More information about the company Bruxo Loans (Pty) Ltd
Fast information
Properties of this loan
- Online loans up to R3.000
- Term 1 - 31 days
- Easy application
Loan requirements
- You need to be a South African citizen and above 18 years of age
- The Minimum Net Salary after deductions required to qualify for a loan is R10000
About company
More information about the company African Spear Trading 183 cc T/A Express Finance
Fast information
Properties of this loan
- Professional financial advice and tips to improve your score
- Complimentary loan assist service of up to R150,000 cash
Loan requirements
- Be 18 years or older
- Have a valid SA ID or Drivers License
- Have a bank account
About company
More information about the company Credit Gain Services (Pty)
Fast information
Properties of this loan
- Online loans up to R200.000
- Term 1 - 5 years
- Easy application
Loan requirements
- To apply, you must be 18 years or older
- Please carefully read the terms and conditions before applying
About company
More information about the company AB Partners (PTY) Ltd
Fast information
Properties of this loan
- Online loans up to R200.000
- Term 1 - 10 years
- Easy online application
Loan requirements
- Have and Identity Document of the Republic of South Africa
- Be over 18 years old
About company
More information about the company EC Loans
Fast information
Properties of this loan
- Online loans up to R350.000
- Term 1 day - 84 months
Loan requirements
- 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.
Fast information
Properties of this loan
- Online loans up to R150.000
- Term 6 - 72 months
- Easy online application
Loan requirements
- Be 18 years or older
- Have a valid SA ID or driver’s license
- Have a bank account
About company
More information about the company Go Personal Loans
Fast information
Properties of this loan
- Online loans up to R150.000
- Term 3 months - 6 years
- Easy online application
Loan requirements
- 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
Fast information
Properties of this loan
- Online loans up to R250.000
- Term 12 - 60 months
- First loan strictly for women
Loan requirements
- 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
Fast information
Properties of this loan
- Online loans up to R2.500
- Term 30 - 60 days
- Online application
Loan requirements
- Age – 18 Years or Above
- South African Citizen
- Must have a Bank Account
- Have a Permanent Employment
About company
More information about the company Fak'Imali Cash Loans Trading as Matotololo Group (Pty) Ltd
Fast information
Properties of this loan
- Online loans up to R2.000
- Term 1 - 90 days
- Easy online application
Loan requirements
- 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
Fast information
Properties of this loan
- Online loans up to R5.000
- Term 7 - 30 days
- Money in 15 minutes
Loan requirements
- South African ID
- Be over 18 years of age
- Have a bank account
- Have an internet access
About company
More information about the company CashCat CO ZA
Fast information
Properties of this loan
- Online loans up to R300.000
- Term 1 - 7 years
Loan requirements
About company
More information about the company Loans Finder
Fast information
Properties of this loan
- Online loans up to R120.000
- Term 1 - 48 months
- Fast application
Loan requirements
- You need to be a South African citizen and above 18 years of age
- Ability to go to the branch
- You also need to be employed and have a valid bank account
About company
More information about the company Real People Home Improvement Finance, a division of Opco 365 PTY LTD
Fast information
Properties of this loan
- Online loans up to R8.000
- Term 1 - 6 months
Loan requirements
- A bank statement no older than 3 months
- Your 3 most recent payslips
- A copy of your existing loan agreement if you have it
About company
More information about the company Fairmoney (PTY) LTD
According to a 2015 survey on poverty levels in SA, of those living below the poverty line (upper bound), the adult population makes up 50%. We are living during an era of hard economic times. In times like these, you may find yourself in desperate need of a short term loan.
These types of loans are common for solving minor emergencies or temporary cash flow problems. If you reside in South Africa, here are four types of short term loans you can take up.
Payday Short Term Loans in South Africa
This is perhaps the most common type of short term loan among South Africans. A pay day loan is a loan taken up by an individual so as to cover their monetary needs before their salary arrives. Like the name suggests, the individual is expected to repay the loan on pay day i.e when their salary clears.
For an individual to qualify for a pay day loan, they must provide proof of employment as these loans are designed for people with a salary and not business people. Due to the fact that these loans are to be repaid at the end of the month, consumers are advised to ensure they borrow small amounts and plan their salaries effectively to avoid financial hardship upon repaying the loan.
If a payday loan is too large, the individual may get a minute portion of their salary after the lender deducts borrowed amount plus interest.
Short term Online Loans
With the global economic trends shifting to the internet, there are numerous lenders in South Africa who are providing short-term loans online. All you have to do is fill out a form as well as provide the necessary documents such as ID, bank statements and proof of residence.
Upon receiving the documents, the lender conducts a credit check to determine your creditworthiness. If you get approved, the money gets wired to your bank account within the stipulated application time. These types of short-term loans have become very common for minor emergency because there’s not a lot of bureaucracy or complicated application processes involved.
Invoice Financing
If you own a business, you can also apply for an invoice financing. Invoice financing is a short term loan provided by a lender to a business to facilitate the filling of pending invoices. Let’s say you have an invoice to provide goods or services worth a given sum of money but you lack the funds to complete the order.
Invoice financing enables you to get a short term loan that enables you to complete the order and then repay the loan once you get paid by your client/customer. It’s essential to note that the lender will assume ownership of the invoice and upon payment they will take back the borrowed amount plus a little interest before forwarding the rest to you.
Merchant Cash Advances
Though this is considered a short term loan it usually works on a cash advance basis because the loan is provided by a merchant as opposed to a financial institution. A lender provides a loan to a business on the basis that the business purchases goods or services from the lender. The lender is then granted access to your credit card transactions via a point of sale terminal and a small amount of the card revenues gets redirected to the merchants as repayment of the loan.
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...