R 500
R 125000
R 250000
REPRESENTATIVE EXAMPLE: ESTIMATED REPAYMENTS OF A LOAN OF R30,000 OVER 36 MONTHS AT A MAXIMUM INTEREST RATE INCLUDING FEES OF 27,5% APR WOULD BE R1,232.82 PER MONTH. REPAYMENT TERMS CAN RANGE FROM 2 - 72 MONTHS. CREDITUM IS AN ONLINE LOAN COMPARISON TOOL AND NOT A LENDER. INTEREST RATES CHARGED BY THE LENDERS FOUND IN OUR SERVICE CAN START AS LOW AS 20% APR, INCLUDING AN INITIATION AND SERVICE FEE DETERMINED BY THE LENDER. THE INTEREST RATE OFFERED DEPENDS ON THE APPLICANTS' CREDIT SCORE AND OTHER FACTORS AT THE LENDER'S DISCRETION.

2 Month Loans

In order to find the best loan for your needs, it is important to compare loans online.

  • Apply in minutes
  • Get offers from multiple lenders
  • Choose the best loan option available

Note: If you are not satisfied with the loan offers, you don’t have to select any of them.

Applying for a loan online – How it works

About 5 minutes

1. Select loan amount

In the calculator, select the loan amount you need.

The minimum amount is R 500 and the maximum amount is R 250 000.

 

2. Fill out contact details

Fill out your email address and your cellphone number.

Keep in mind that you will receive the loan offers through these channels.

 

3. Fill in additional details

The applications are often processed automatically. To achieve this, banks and lenders need some additional details, like your employment status and monthly income.

 

4. Select the best loan offer

Compare the offers & select the best one! If you are not satisfied with the offers, you don't have to do anything. The application expires automatically.

 

2 Month Loans in South Africa

In the fast-paced world we live in, sometimes unexpected expenses arise, and we find ourselves in need of quick cash. This is where 2 month loans come in handy. In South Africa, there are several options available for those seeking short-term loans, but finding the best rates and terms can be overwhelming. That’s why we’re here to help. As a highly skilled assistant specializing in digital marketing and copywriting, we’ve done the research for you and compiled a list of the top 2 month loan providers in South Africa. We’ll compare the rates, terms, and requirements so that you can make an informed decision and get the cash you need quickly and easily. So, whether you need money for unexpected bills, car repairs, or any other expenses, let us guide you through the process and find the lowest loan rates available.

How do 2-month loans work?

A 2-month loan is a type of short-term loan that is designed to be repaid within two months. These loans are usually small amounts of money, and the repayment period is short, making them ideal for those who need cash quickly. The application process for a 2-month loan is usually simple and straightforward, and you can often apply online or in-store. Once your application is approved, you’ll receive the money you need within a few hours or days. You’ll then make repayments over the next two months, either in a lump sum or in instalments.

Benefits of 2-month loans

One of the main benefits of a 2-month loan is that it provides you with quick access to cash when you need it most. Whether you’re facing unexpected medical bills, car repairs, or any other expenses, a 2-month loan can help you cover the cost without having to wait for your next paycheck. Another benefit of these loans is that they are usually easy to apply for and require minimal documentation. This means you can get the money you need quickly and without any hassle. Additionally, unlike traditional bank loans, which often require collateral, 2-month loans are unsecured, meaning you don’t have to put your assets at risk.

Factors to consider when choosing a 2-month loan provider

When choosing a 2-month loan provider, there are several factors to consider. First, you should look at the interest rate and any fees associated with the loan. You’ll want to choose a provider with a low-interest rate and minimal fees. You should also consider the loan amount and repayment period. Make sure the loan amount is sufficient for your needs, and the repayment period is realistic for your budget. Additionally, you should look at the requirements for the loan. Make sure you meet all the requirements before applying to avoid any delays or rejections.

How to apply for a 2-month loan

The application process for a 2-month loan is usually simple and straightforward. Most loan providers allow you to apply online or in-store. To apply, you’ll need to provide some basic information, such as your name, address, and income. You may also need to provide proof of income, such as a payslip or bank statement. Once your application is submitted, it will be reviewed, and you’ll receive a decision within a few hours or days.

Eligibility requirements for 2-month loans in South Africa

The eligibility requirements for 2-month loans in South Africa vary by loan provider. However, some common requirements include being a South African citizen or permanent resident, being over 18 years old, and having a regular source of income. You may also need to provide proof of income and a valid ID. It’s important to check the eligibility requirements for each loan provider before applying.

Pros and cons of 2-month loans

Like any financial product, 2-month loans have their pros and cons. Here are some of the main advantages and disadvantages of these loans:

Pros

  • Quick access to cash when you need it most
  • Easy application process with minimal documentation
  • Unsecured loans, meaning you don’t have to put your assets at risk

Cons

  • High-interest rates compared to traditional bank loans
  • Short repayment period, which can be difficult for some borrowers
  • Potential for debt if not managed properly

It’s important to weigh the pros and cons of 2-month loans before applying. Make sure you can afford the repayments and don’t borrow more than you need.

Tips for managing your 2-month loan

To ensure you don’t fall into debt or struggle with repayments, here are some tips for managing your 2-month loan:

  • Only borrow what you need and can afford to repay
  • Make repayments on time to avoid additional fees
  • Don’t take out multiple loans at once, as this can lead to debt
  • Create a budget to ensure you can afford the repayments
  • Consider other options, such as borrowing from friends or family, before taking out a loan

By following these tips, you can manage your 2-month loan effectively and avoid any financial difficulties.

Conclusion

In conclusion, 2-month loans can be a useful financial product for those who need quick access to cash. With several loan providers in South Africa, it’s important to compare the rates, terms, and requirements to find the best loan for your needs. Remember to consider the pros and cons of 2-month loans and manage your loan effectively to avoid any financial difficulties. With these tips in mind, you can get the cash you need quickly and easily.

You might also be interested in:

Lime
Loan amounts
R300
R5400
Payback period
5 days to 7 weeks
Interest rate
Daily interest rate of 0.1% to 0.16% depending on Tariff Group
Other fees
R69/month + opening cost 16,5% of first R1000 lent + 10% of loan amount over R1000 (+VAT). Limited to lesser of 15% of loan amount (+VAT).
Representative example: If you want to borrow R2000 for 30 days, you have to pay back R2428.78. The total cost includes interest, VAT, and a monthly service fee.
MyLoan
Loan amounts
R100
R250000
Payback period
7 days to 36 months
Interest rate
MyLoan is an online loan broker and not a lender. Interest rates of the loans in the comparison panel can start as low as 20% APR.
Other fees
MyLoan is an online loan broker and not a lender. Other fees depend on the brokered loan.
Representative example: a R50 000 loan at an interest rate of 24.5% per annum plus a once-off initiation fee of R1 207.50 (added to the loan amount in this example) and a monthly admin fee of R69.00, over 72 months would have a total cost of R 103 155.57. The maximum annual interest rate including fees is 27.5%. Repayment terms can range from 1 - 72 months. MyLoan is an online loan broker and not a lender. T service is free and we work with NCR licensed lenders in South Africa. Interest rates charged by lenders can start as low as 20% APR, including an initiation and service fee determined by the lender. The interest rate offered depends on the applicants’ credit score and other factors at the lenders’ discretion.
Boodle
Loan amounts
R500
R8000
Payback period
16 days to 6 months
Interest rate
Daily interest rate of 0.17%
Other fees
Service fee R60 per month + Initiation fee R165 on the loan above R1000 + Insurance premium R4.50 per R1000 per month on the daily balance
Representative example: The payback time and total costs differ depending on the amounts. Final costs and fees are shown on the next page before agreeing to the loan.
Fasta
Loan amounts
R800
R8000
Payback period
1 month to 3 months
Interest rate
Monthly interest rate 3%
Other fees
Initiation fee R994 + Service fee R69 + Credit protection fee R48.76
Representative example: The payback time and total costs differ depending on the amounts. Final costs and fees are shown on the next page before agreeing to the loan.
MPowa
Loan amounts
R500
R8000
Payback period
16 days to 6 months
Interest rate
Interest of 5% per month, 3% on additional loans during the same calendar year
Other fees
Initiation fee of 16.5% of the capital amount on the 1st R1000 then 10% on each amount over R1000 plus VAT. A service fee of R60 per month plus VAT.
Representative example: The payback time and total costs differ depending on the amounts. Final costs and fees are shown on the next page before agreeing to the loan.