Rating based on 1,111 reviews
About – PaydayLoans.co.za
What is a payday loan you ask? It’s simply the advance of a specific amount of money given to an individual in a short time, and if within the customer's affordability, till his/her next pay-day-date.
We have fast loan solutions
Upon understanding the problems, the solution became clear, and it was to design a software platform that would give customers the ability to apply for a quick, easy and safe payday loan through the use of the Internet.
A quick short term loan
Payday loans as a company, is a household name in the Americas, similarly in Europe and other regions of the world. We were hoping to procure an out of the box software for this project – but found this was not possible. As life goes, we don’t always get what we hope for, but nevertheless, we didn’t dwell on it and decided to start from scratch.
Innovative online services
Payday loans make it easy for those who are in need of a short-term loan. As you may have noticed by now, we have done our best to ensure the loan-online-service is as good as it can be. We wish for it to be one of the systems from which the entire South African community can benefit!
Services – PaydayLoans.co.za
We offer payday loans and short-term loans at competitive rates to those in need.
Your loan amount will grow in time
The quick loan amount which you can apply for will depend on whether you’re a first-timer with us or not.
At first, you’ll qualify to borrow R500, R700 on the second occasion and a more attractive amount of R1000 the third time around. This also depends on affordability and whether your debit-order payments are successful or not.
Register online now
You’ll need to go online to register, once you’ve completed this part, you will receive an email containing a password to log in. Simply log in, apply for a loan of choice and do not forget to send us your most recent bank statement and payslip for us to perform an assessment.
A consultant on our side will receive your application, assess your credit history and perform an affordability assessment on the amount you applied for. Once you have successfully applied, you can expect an email either confirming your payday loan approval, in which case you can expect to receive your loan agreement or alternatively the reason why you were not approved.
Paying back on the loan is just as simple; it will be done via a debit order mandate, which enables us to deduct the money you borrowed.
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Summary of Services
- PAYDAY Loans
- SHORT-TERM Loans
- LONG-TERM Loans
Payday Loans are here to simplify your daily life and fund you when you need it most
We’re all living on borrowed time, and with time you can’t get back that which you’ve lost and you certainly can’t buy more!
With money, however, it’s a little different, and we certainly can get more.
We endeavour to offer the following:
One-month loans that are re-payable in total at your next salary date starting from R500 and up to R1000. Anything over R1000 would mean that we know you fairly well and have a history of your credit score. Since you are applying for the loan, it’s safe for us to assume that you need it urgently, which is why we deposit the funds into your account right away!
Our offer includes much lower repayment rates on personal loans of R1000 (or more), that have been applied for on our website. With regards to our service levels, we are unmatched!
A low-interest rate makes a significant difference in the long term of one’s loan, however, even with a short-term loan, it impacts the amount can expect to repay. The difference might seem subtle, but when you look at it, it means more petrol in your car, a tea time date with a friend or anything in the region of that spend.
How do we compare?
For starters, there are no more in store visits. You can do all your borrowing online since you already do everything else online, this just adds to the list! But our offers don’t end there, we also offer a meaningful personalised service.
There are others out there who have artificial intelligence know-it-all chatbots that take on your queries as you raise them. But we all know that that social enhancement just ends up talking in circles, leaving the customer frustrated!
We are all about customer care and service. You won’t feel like just a number and your situation is important to us. Every one of us has a very specific reason for seeking an instant loan and large companies often don’t understand that. You can expect a savings of around R150 every month.
Seldom does a day go by where we don’t’ receive any form of compliment or letter of gratitude from a grateful client. This inspires us to work harder and keep up the level of service we provide our clients with.
Now to proceed
You will need a bank account in your name, contact details and must be permanently employed. We will, however, just as other online loan providers, take your credit history and financial capabilities into consideration before considering approval.
Value-added benefits of being an existing customer
Each loan is subject to approval, and in most cases, new applications are processed within two business days, while existing customers could have the luxury and convenience of receiving their funds from a processed and approved loan, transferred into their bank account within minutes!
Payday loans are loans in advance, therefore the due date is based on your next payday date. In instances where the date of your application is less than 4 days from your next payday date, you simply select the following payday date.
Customer Reviews & Testimonials
I’ve dealt with a couple of lenders before but never have I come across a lender like Payday Loans.co.za. They went above and beyond what I expected which made me feel so important.
— Kimberley —
Thank you for such an affordable rate; it will go a long way in helping me out.
— Cape Town —
My money was transferred to my account so quickly I had no time to stress!
— Bloemfontein —
Ph: 087 2300 220
Fx: 088014 5521689
Postal AddressPO Box 2807, Sun City, 0316, South Africa
- Monday 08:00 – 17:30
- Tuesday 08:00 – 17:30
- Wednesday 08:00 – 17:30
- Thursday 08:00 – 17:30
- Friday 08:00 – 17:30
- Saturday Closed –
- Sunday Closed –