Quick Cash Loans for Emergencies – No Credit Check

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Fast loans that don’t come with strict qualifying criteria

Whether you’re short on your electrical bill or urgently need to catch up on your telephone bill to prevent disconnection, a quick loan is an ideal solution.

These South African lenders offer the best loans in the country and are ready to assist you!

Frequently Asked Questions

Quick loan calculator How quick is a quick loan? Quick loan benefits Comparing quick loans

Get the cash you need from a South African lender you can trust!

As one might guess, there are no tailored features that define a quick cash loan apart from the obvious – you receive cash and you receive it quickly!

If there’s an emergency where you need access to funds as fast as possible, a quick cash loan is exactly what you need to get you out of that unforeseen trouble.

Examples of typical quick loans or payday loans, quick cash advances and other versions of short-term loans. What you can expect is access to funds within 48 hours of applying for any of them.

In short, to understand exactly what it means to apply for a quick cash loan, it means any lender, with any loan type that offers a loan with the shortest processing time from application to payment.

So just how quick is a quick loan?

Each lender has its version of “quick”, but it’s safe to say that the quickest has been paid out within hours of applying! You can’t get much quicker than that! The application time is shorter, whereas in certain cases, one can have a completely online application submitted in just minutes.

The reason it differs is purely down to the resources that each company is working on loan applications. Most of them will give an indication of the time it will take to process, since they understand the time it will take for someone to get on top of that application from the moment it comes in, to the deciding factors based on your supporting documents, right through to the release of funds into your dedicated bank account.

There are also variables that could affect the time it takes to process the loan, such as invalid details or incomplete documentation submitted with the application. Having to go back and forth will certainly impact the processing time and count against you, which is the last thing you need in a cash emergency.

Since you’re paying for speed, it’s probably a good idea to identify how much of an emergency this loan truly is. If you could wait a few days without landing yourself in any deeper trouble, then it would be far cheaper to apply for a more traditional short-term loan.

What type of emergencies do people who apply for this loan type generally have?

Emergencies can vary from a vet bill to an emergency trip to the dentist. The truth is that one person’s emergency isn’t necessarily the same as the next person's. The point is that if it’s more than you can afford and you need the money urgently, i.e. before you can manage to get it together yourself, then it’s an emergency.

A quick loan will give you room to breathe by ensuring that the problem is resolved first and the payment can be sorted out after the fact.

What are the benefits of opting for a quick cash loan over other loan types?

Since they encompass other types of loans and are simply defined by their time-based offering, it means that you can apply for this loan type through any lender. You also have the option of choosing an unsecured loan as well as a secured loan when applying, which shows flexibility when it comes time to suit your needs most.

The terms vary from both short-term to medium-term, depending on the emergency and how long you will need to repay the loan in full. While you can apply in-store, you also have the benefit of online technology to apply online in a quick and efficient manner, resulting in the top benefit of them all – a 48-hour turnaround time for funds being paid into your account.

If you are an individual that has managed to rack up a poor credit record, there’s no need to despair, because quick cash loans welcome those with good and bad credit histories. This is a massive bonus since people that apply with a poor credit record can access a bad credit loan they do not have to face the typical rejection they almost always get from lending institutions.

When applying, which is better? Instore or online?

When you think emergency, you think speed! Applying in-store means standing in long and tedious queues. It means time, effort and cost! Believe it or not, you’ll need petrol to travel, money to park and all of that simply to wait for others in front of you before being assisted.

Applying online means instant gratification with the application process, instant responses, and easy drop-down menus as opposed to manually filling out forms as one would in-store. Completing a form online is therefore much quicker than a handwritten one and thus provides you with an instant cash loan, especially when you have applied with a particular lender before.

What do I need in order to qualify for a quick cash loan?

From what you’re accustomed to if you’ve ever applied for a loan in the past, it’s safe to assume that every lender differs when it comes to the necessary minimum requirements.

However, due to the nature of quick cash loans, typically being smaller and over a shorter period of time, they are a little less strict on the criteria that one needs to meet. So much so, that if you are blacklisted, your application will still be considered based on their assessment of your current affordability.

That said, in order to qualify for a loan, you would need to be of legal age – 18 years or older. The borrower should earn a stable income and provide proof of this through employment documents or otherwise recent payslips. The applicant should have a valid South African ID document and provide proof of address as well as a valid banking account.

A few notable things to consider when taking out a quick cash loan

Quick cash loans are typically known to be expensive, due to the higher interest rates that they come with. The reason for the higher rates is a result of the repayment period being shorter than with your traditional personal loans.

More likely than not, you won’t receive approval for a large amount since they are emergency loans and pay out rather instantly. Therefore, there’s no time to perform thorough credit checks prior to approving the loan. Ergo, the smaller the amount, the more likely it will get approved based on it being a lower-risk loan than usual.

How does one go about comparing a quick cash loan?

The first consideration is the whether the lender offers a loan application online and their processing time. This is probably the fundamental component of choosing this loan in the first place since being able to get access to funds in the shortest time possible is the priority.

The interest rates are a major consideration when comparing, as this will determine how much you end up having to repay in total before settling your debt on the loan. You wouldn’t wish to pay twice as much as the borrowed amount simply due to a rate that you could have managed to find cheaper elsewhere. Also, ensure that there aren’t any hidden fees with certain lenders.

Lastly, when comparing loans in the fast fund's department, ensure that the monthly instalment is affordable and that you won’t struggle to meet the monthly and on time! Quick cash loans are the best thing for those unforeseen emergencies that you absolutely have to sort out first and pay for later.

Quick loan calculator

List of direct lenders offering Quick loans

Wonga Loans
- Loans up to R4,000
- Flexible interest rates
- Term up to 3 months
RCS Loans
- Loans up to R125,000
- Term up to 60 months
- Interest from 15%
Finance 27
- Loans up to R4,000
- Term up to 65 days
- Interest up to 38%
FNB
- Loans up to R300,000
- Term up to 60 months
- Interest from 13.5%
Mulah
- Loans up to R4,000
- Term up to 30 days
- Interest up to 60%
Koodo
- Loans up to R5,000
- Term up to 65 days
- Interest up to 38%
African Bank Lo...
- Loans up to R350,000
- Term up to 72 months
- Interest from 10.5%
Boodle
- Loans up to R4,000
- Term up to 32 days
- Interest up to 60%
ABSA
- Loans up to R350,000
- Term up to 84 months
- Interest up to 17.5%
Capitec
- Loans up to R250,000
- Term up to 84 months
- Interest from 12.75%
Lime24
- Loans up to R5,400
- Term up to 36 days
- No hidden fees
Fincheck
- Loans up to R250,000
- Term up to 72 months
- Interest from 16%
Nedbank
- Loans up to R200,000
- Term up to 60 months
- Interest from 7%
MyMulah
- Loans up to R4,000
- Term up to 31 days
- Interest from 5%
Nifty
- Loans up to R8,000
- Term up to 6 months
- Interest from 24%
Hollard
- Loans up to R8,000
- Low interest rates
- Term up to 6 month
Mr Cash Loans
- Loans up to R50,000
- Term up to 6 months
- Interest from 36%
Supasmart Loans
- Loans up to R200,000
- Term up to 60 months
- Interest from 16%
COBOL Loans
- Loans up to R5,000
- Term up to 6 months
- Interest from 124%
EC Loans
- Loans up to R120,000
- Term up to 84 months
- Interest up to 28%
Little Loans
- Loans up to R8,000
- Compare loan quotes
- Interest from 36%
Low Budget Loan...
- Loans up to R3,000
- Term up to 6 months
- Interest from 28%
Power Loans
- Loans up to R8,000
- Term up to 6 months
- Interest up to 60%
Xcelsior
- Loans up to R500,000
- Term up to 36 months
- Interest from 36%
MBC Finance
- Loans up to R4,000
- Term up to 30 days
- Interest from 19.6%
Loans-Inc
- Loans up to R120,000
- Term up to 60 months
- Fast loan approvals
Marven Finance
- Reliable and fast
- Bridging finance
- 10 minute approval
Friendly Financ...
- Loans up to R8,000
- Term up to 6 months
- Interest from 60%
Policy Trader
- Fast online applications
- Get cash fast
- Trade policy
Wanna Loan
- Loans up to R3,000
- Term up to 37 days
- Interest up to 60%
Setsebi Advance...
- Online loan application
- Low interest rates
- Term up to 12 months
Yuppie Cash
- Affordable loans
- Low interest rates
- Flexible repayment terms
Active Credit
- Loans up to R1,500
- Term up to 30 days
GetBucks
- Loans up to R4,000
- Term up to 56 days
- Interest up to 60%
Loan Tracer
- Loans up to R8,000
- Term up to 60 months
- Interest from 10.71%
Loan Picker SA
- fast online application
- Affordable interest rates
- Efficient customer service