Short Term Loans
In order to find the best short term loan for your needs, it is important to compare loans online. Read our comprehensive guide about short term loans here.
- 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
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.

What are short term loans and why might you need one?
A short term loan is exactly what it sounds like – a loan that you need to pay back in a short amount of time, usually within a month or two. They’re a great option for folks who just need a little bit of cash to hold them over until their next payday. Maybe you have an unexpected car repair that you can’t put off until your next check, or maybe you just overdid it a little on your last shopping spree and need some extra cash to cover your bills. Whatever the reason, a short term loan can help you out in a pinch.
How do you apply for a short term loan in South Africa?
There are a couple of ways to go about applying for a short term loan in South Africa. One option is to visit a lender’s physical location and fill out an application in person. This can be a good choice if you need the money ASAP, since you can usually get a decision on the spot. Just make sure you bring all the required documents with you, like proof of income and identification.
Good to keep in mind
If you don’t have the time or transportation to visit a lender in person, no worries! You can also apply for a short term loan online. Just head to the lender’s website, fill out an application form, and provide some basic personal and financial info. It’s usually pretty quick and easy, and you’ll usually get a decision within a few hours (or even minutes, in some cases).
What kind of fees can you expect with a short term loan in South Africa?
The fees for a short term loan in South Africa will vary depending on the lender, but you can generally expect to pay a flat fee or a percentage of the loan amount as interest. Some lenders may also charge extra fees for things like late payments or returned checks. It’s important to carefully read the terms and conditions of your loan before you agree to anything, so you know exactly what you’ll be responsible for paying and when.
Here’s a comparison of some common fees you might come across:
Fee type | Fee amount |
---|---|
Flat fee | Ranges from R100 to R1,000 |
Interest | Typically ranges from 5% to 50% of the loan amount |
Late payment fee | Typically ranges from R500 to R1500 |
Returned check fee | Ranges from R50 to R250 |
Things to keep in mind
It’s worth noting that short term loans can be pretty expensive, especially compared to traditional loans from banks. The high interest rates and fees can make it tough to pay the loan back on time, so it’s important to only borrow what you can afford to pay back. If you’re having trouble repaying a short term loan, it’s important to reach out to your lender as soon as possible. They may be able to work with you to come up with a repayment plan that works for both of you.
Another thing to keep in mind is that short term loans should be a last resort. Before you take out a short term loan, consider other options such as borrowing from friends or family, selling unnecessary items, or taking on extra work. It’s also a good idea to shop around and compare offers from multiple lenders before deciding on a short term loan. Different lenders will have different terms and fees, so it’s important to find the one that works best for you.
Is it possible to get a low interest short term loan?
It is possible to find short term loans with lower interest rates, but they may be more difficult to come by than loans with higher interest rates. Here are a few tips for finding a low interest short term loan:
- Shop around. As with any loan, it’s important to compare offers from multiple lenders to find the best interest rate. Don’t be afraid to negotiate with lenders or ask about any special deals they may have available.
- Consider alternative lenders. In addition to traditional lenders, you may be able to find lower interest rates at online lenders or credit unions. It’s worth doing some research to see what options are available to you.
- Improve your credit score. A higher credit score can often qualify you for lower interest rates on loans. If you have time before you need to take out a short term loan, consider taking steps to improve your credit score, such as paying your bills on time and reducing your debt.
- Look for loans with a fixed interest rate. Some short term loans have variable interest rates that can change over time. A loan with a fixed interest rate will have the same interest rate throughout the loan term, which can make it easier to budget for your payments.
Keep in mind that it may be more difficult to qualify for a low interest short term loan if you have a low credit score or a history of financial problems. It’s important to be honest about your financial situation when applying for a loan, as lenders will check your credit history and may ask for proof of income. Trust us, being honest will save you a lot of headaches in the long run.
It’s also worth noting that low interest short term loans may have stricter eligibility requirements, such as a minimum income or a longer repayment period. Be sure to carefully read the terms and conditions of any loan you’re considering to make sure it’s a good fit for you.
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Short term loans in a nutshell
Short term loans in South Africa can be a convenient option if you need a small amount of cash to hold you over until your next payday. Just be sure to do your research, carefully read the terms and conditions, and only borrow what you can afford to pay back. With a little bit of planning and careful consideration, a short term loan can be a useful tool to get you through a financial rough patch.
R5400
R250000
R8000
R8000
R8000