Payday loans in South Africa

Get an instant payday loan when you need it the most and quickly and easily repay it when you get paid.

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payday loans in south africa
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Fast & convenient loans to tide you over until payday

We’ve all experienced a cash shortage in one way or another. If you need a small sum of cash that you’re willing to repay in full on your next payday, a payday loan is just for you.

Sort through some of South Africa’s leading payday loans and choose the best lender for you!

Frequently Asked Questions

Cash shortages happen to everyone & these payday loans are here to help

If you’ve never found yourself in a position where you need money that you don’t have, for an emergency that you never saw coming, then you’re one of the lucky ones.

When a circumstance like this arrives unexpectedly, the last thing you need is to panic! Luckily for you, there are registered lending institutions that realised people aren’t always struggling with debt, they’re not even poor payers of the credit they have, but there are instances where even those who have their financial lives in order need assistance.

Typically, it’s when things are quite well budgeted for, which leaves little room for out of the ordinary expenses and even though you’d be able to pay for it when your salary is in your account, it’s the 15th now and that date is still 10 days away!

What these financiers decided, was to design a short-term loan that would deliver cash in the shortest possible time to those who needed it in an emergency. What you’ll notice across all the lenders are short application times, short processing and even quicker payment times!

Payday loans can, therefore, be defined as a short-term credit option that doesn’t call for tedious and lengthily credit checks, that provides you with emergency funds in a quick and efficient manner.  Over the years this has become a supremely popular choice for any individual that needs access to money in a hurry!

Is it risky to take out a Payday loan?

Of course, the very first option you should always consider when you’re in an emergency is a family member or friend that might be able to help you out. Chances are they’re not planning to charge you interest on the amount they lend you, especially since you intend to pay it back as soon as your income reflects in your bank account. A better option would be to apply for a quick loan from your bank as they will very likey offer better rates.

Applying for a payday loan simply means that you need access to money that you can’t afford at this particular time of the month, you could as soon as you’re paid, except the emergency can’t wait that long. It’s also the option to take when no one else can help you. Typically, it’s due to the amount being a bit larger than what any of your entourage or otherwise family can afford to fork out either, or perhaps because there’s no one to ask! There’s absolutely no harm or risk at all if you know for sure that you can comfortably afford to pay it back on the date of your salary payment and if you are using it simply as a one-off for an actual emergency.

These handy little quick loans are designed to assist in an emergency, it's all about solving the problem now and pays for it later! The “risk” if you want to refer to it as one, is that you might become addicted to the simplicity of obtaining cash whenever you need it, which essentially means that you’re always spending beyond your means. What was once an emergency turned into a weekend away at a beach resort that you “just had to take!” Beware of falling into that risky trap, of dependency on instant cash that comes to payday loans.

The other important thing to remember is that if you’re legitimately experiencing cash emergencies every other month, it’s probably time to take a look at your budget and reassess it. If you aren’t able to even support subtle additional or out of the ordinary expenses, chances are that you are spending more than you can afford to. Payday loans are not going to solve this problem, but debt counseling could assist you in determining how to go about solving that financial predicament. You wouldn’t want debt as a result of overdosing on payday loans to go noticeably on your credit record – this too, is a risk.

How does a Payday loan work?

In terms of how much you can borrow and over how long a period, will differ from lender to lender. However, qualifying for one of these personal loans is relatively simple! These great cash advance loans can help you out in no time if you earn a regular monthly income with a minimum amount that the lending institution will stipulate. You also need to be of the legal age of 18 years and have an active bank account.

Essentially how it works, is that you complete an online form on any of the lending websites, which takes absolutely no time at all! In most cases, you can apply for a payday loan online within 2 minutes. Furthermore, there is very little paperwork needed, which helps a great deal since you’re pretty much sitting in an emergency on your hands! Once your information is received an immediate decision is reached and you are made aware of such decision at the same time. Even blacklisted people can apply for these types of bad credit loans

The funds are instantly approved and if you get approved before a certain time of the day, you’ll have those funds within hours, but the maximum is 24 hours which is exceptionally fast for funds you didn’t’ have a minute ago. Again, this all depends on the lender, to ensure that you choose the one that looks as though it will meet your emergency needs!

The advance of these instant cash loans is simply an advance on your wages where you consider it. You’ll receive a lump sum as requested, and it’ll need to be repaid by month end along with the interest that you’re charged for the loan. This is deducted via debit order on the agreed date as per your next payday. In the event that you are not able to pay on your next payday, it’s important to inform the lender and negotiate an extended term. Beware the raised cost of this option.

What are the charges involved, how much do I end up repaying?

Payday loans, unfortunately, come with higher interest rates than traditional loans. The reason is that the interest is charged on a daily rate and therefore higher than longer-term loans.

If you extend the loan term on a payday loan you will also be penalised with additional fees, potential for the additional admin incurred and this too will hike up your interest rate. It’s always best to settle on your next payday.

Where can I apply for a Payday loan and what do I need?

At the moment one cannot apply for a payday loan through the more traditional banking institutions, however, there are a plethora of lenders out there that do. You’ll find most, if not all of them to have online websites where you can apply for a loan with ease from the comfort of your own home. Alternatively, there will be lenders where you can apply in store if you’re not comfortable with the idea of handing over your banking details online.

The requirements to apply are basic. All you need is a valid South African ID document, recent payslips, a valid bank account and a working mobile number!

Payday loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
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List of direct lenders offering Payday loans

  1. Finance 27 Payday loan

    Finance 27

    • Loans up to R4,700
    • Term up to 6 months
    • Interest from 38%
  2. FinChoice Payday loan


    • Loans up to R10,000
    • Term up to 3 months
    • Interest from 24%
  3. Boodle Payday loan


    • Loans up to R4,000
    • Term up to 32 days
    • Interest from 60%
  4. Get Bucks Payday loan

    Get Bucks

    • Loans up to R4,000
    • Term up to 40 days
    • Interest from 60%
  5. Lime loans Payday loan

    Lime loans

    • Loans up to R5,400
    • Term up to 36 days
    • Low interest rates
  6. Letsatsi Finance Payday loan

    Letsatsi Financ...

    • Loans up to R8,000
    • Term up to 6 months
    • Interest from 150%
  7. Mpowa Finance Payday loan

    Mpowa Finance

    • Loans up to R2,000
    • Term up to 40 days
    • Interest from 36%
  8. Dunami Payday loan


    • Loans up to R5,000
    • Term up to 6 months
    • Interest from 12%
  9. Mulah Payday loan


    • Loans up to R4,000
    • Term up to 30 days
    • Interest from 60%
  10. Loan SA Payday loan

    Loan SA

    • Loans up to R150,000
    • Term up to 36 months
    • Interest from 27%
  11. Budget Cash Payday loan

    Budget Cash

    • Loans up to R3,000
    • Term up to 40 days
    • Apply in 30 seconds
  12. SA Cash Loans Payday loan

    SA Cash Loans

    • Loans up to R150,000
    • Term up to 60 months
    • Interest from 29%
  13. Little Loans Payday loan

    Little Loans

    • Loans up to R8,000
    • Term up to 45 days
    • Interest from 36%
  14. Wanna Loan Payday loan

    Wanna Loan

    • Loans up to R3,000
    • Term up to 37 days
    • Interest from 60%
  15. PaydayLoans Payday loan


    • Loans up to R1,000
    • Term up to 40 days
    • Interest from 20%
  16. Loan Detector SA Payday loan
  17. Kadima Loans Payday loan
  18. Kathlego Cash Loans Payday loan

    Kathlego Cash L...

    • Loans up to R4,000
    • Term up to 32 days
    • Lower rates
  19. Short Term Loans 24 Payday loan

    Short Term Loan...

    • Loans up to R15,000
    • Term up to 40 days
    • Interest from 13%
  20. Loan Choice SA Payday loan
  21. MBC Finance Payday loan

    MBC Finance

    • Loans up to R4,000
    • Term up to 30 days
    • Interest from 19.6%
  22. Debt Lab Payday loan
  23. Dube Loans Payday loan
  24. Easy Payday Payday loan

    Easy Payday

    • Loans up to R1,000
    • Term up to 30 days
    • Safe and secure
  25. Friendly Finance Payday loan

    Friendly Financ...

    • Loans up to R8,000
    • Term up to 6 months
    • Interest from 36%
  26. Loan Tracker SA Payday loan
  27. Power Financial Services Payday loan

    Power Financial...

    • Loans up to R8,000
    • Term up to 240 days
    • Interest from 36%
  28. Thuthukani Loans Payday loan

    Thuthukani Loan...

    • Loans up to R80,000
    • Affordable finance
    • Fast loan solutions
  29. Yuppie Cash Payday loan

    Yuppie Cash

    • Loans up to R3,000
    • Term up to 40 days
    • Interest from 14%
  30. Supasmart Loans Payday loan

    Supasmart Loans

    • Loans up to R20,000
    • Term up to 15 months
    • Interest from 28%
  31. ZarFin Payday loan


    • Secure your future
    • Financial planning
    • Investments
  32. Res Q Loans Payday loan

    Res Q Loans

    • Loans up to R1,000
    • Term up to 35 days
    • Interest from 5%
  33. PicotiFin Payday loan
  34. SA Payday Payday loan