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Short-term Loans

A short-term loan allows you to borrow up to R80,000 online with same-day approval with a repayment term of up to 24 months, at an affordable interest rate of 19,5% - it’s the quickest financing solution available!

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Don’t let a cash shortage stop you from getting what you want

If you’re short of cash and need a way out, getting a short-term loan is the ideal solution.

These nifty credit products range in amounts, interest rates and loan terms and can thus meet a broad range of needs.

Frequently Asked Questions

Short-term loan – Same-day approval online

The beauty of a short-term loan is that it’s far less hassle than all other types of loans available in the market.

Struggling financially is a very stressful experience and the last thing you need is to be pressurized by a lot of paperwork and red tape.

Generally, a credit check will not be done when you apply for this type of loan. You can apply through almost every lender since banks, as well as other registered lenders, cater to this product. They’re really simple to find as well! They’re mostly available to you online through innovative technology, which has become extremely convenient in today’s hustle-bustle life.

Unplanned emergencies, desires and needs can crop up at any time for any type of individual and there’s no reason why we should not have access to any help in the interim before we’re able to comfortably repay. Short-term loans are able to assist those who require extra finances during a difficult time. Many South Africans have been helped by these loans during their times of need.

Short-term loans are designed to help you out when you need them most. They take into account your situation and your means to pay back the loan.  Which is great, since that’s all anyone ever needs when in a pickle! Always be wary though when applying for a loan, that you understand all that is involved. It pays to know all there is to know when you’re about to borrow money.

How does a Short-term loan work?

As the term states, it’s a “short” term loan, therefore you would typically be borrowing a small amount of money from the lender of choice. Each lender will have a minimum and a maximum that you can borrow as far as their short-term loan offers are concerned.

Terms of repayment for short-term loans can be tailored to suit your needs. They can vary from two weeks to a few months depending on what you can afford. This will all largely depend on the agreement that has been drawn up between the institution lending you the money and yourself.

There is an interest rate attached to the loan that will also differ from lender to lender. Hence it is best to shop around and ensure that you are choosing the best deal available to suit the amount of money and terms you require.

Most companies have online loan applications or handy sliding scale tools on their website where you can simply drag the bar across to stipulate your needs. As you do so, you’ll notice that the instalment amount changes and will end up reflecting the amount that you would be expected to pay back monthly.

It’s not all about you, you know? The lenders also need a few things! Since it’s legal and since it involves cash, they would need to cover their bases too. They’ll need all your personal information, so it’s best to have it handy. As with most contractual agreements, it would be your bank statements, recent payslips, proof of residence and a valid South African ID.

As soon as everything is verified on the lenders’ side, they will correspond with you immediately to advise you on whether the loan’s been approved or not.

How does the application process work?

You can apply in-store, however, it is obviously recommended to do it online simply to save you time, money and hassle. Online applications are known to be completed and submitted within minutes! This is a major benefit to someone who needs a short-term loan, as the needs are typically more urgent than with long-term personal loans. Thankfully with the new technology we experience every day, we are exposed to the convenience of instant gratification. Once you submit your online application and upload your supporting documents, you can simply sit back, relax and wait for someone to contact you.

If everything checks out and there are no further queries relating to the information you provided, or otherwise affordability concerns based on your documents, you can expect to receive the funds for your short-term loan within 24 hours!

You will provide a valid bank account through which a debit order would be created on the lender’s side. You will also agree upon a debit order date so that the repayments can be deducted from your account smoothly and without any possibility of defaulting on the account.

One of the major benefits of short-term loans is that there is seldom ever a credit check performed on your credit profile. They will assess your income and expenditure and if they can see that you have sufficient disposable income to repay the loan, they will approve it. That means that if you are blacklisted or need a personal loan for bad credit after being rejected for a bank loan, you can also apply for this loan for your financial status won’t impact your decision.

Are these loans expensive?

It’s all relative to what you can afford, but the truth is that they are more expensive than a longer-term loan. The reason for this is that it’s a shorter loan, which means higher interest rates! The reason for the higher interest rate is the lack of security required on these loans. They’re designed to meet a short-term need that you can ideally afford, but need access to the money in a lump sum upfront before repaying.

When should I apply for a Short-term loan?

The only time one should really apply for a short-term loan is in an emergency. For any other reason, it would always be recommended that you choose a tailored long-term loan to suit the needs of the financial requirement. The reason for this is simple – it’s going to cost you more money! If you can afford the higher interest rate and don’t like the idea of long-term debt, then sure, it’s still a great option. But it’s tailored to meet short-term needs, therefore it’s best to understand why you are applying in the first place.

If your car breaks down, or you have an unexpected medical bill, perhaps sadly someone has passed away in the family and there was no funeral cover. These are all emergency requirements that you only need in the short-term and are good reasons for taking out this type of quick cash loan.

The one thing to take into consideration, emergency or not, is whether you can afford to repay the instalment amount each month. Since lending institutions don’t perform credit checks, it’s only you who will truly know whether you have enough money each month to repay your loan. Don’t kid yourself either, because if you haven’t budgeted correctly and default on a payment, it can be far more implicating to default on a loan, than if you just defaulted on the account that you needed money for in the first place.

Life is expensive and often we have no idea when something is going to cost us more than what we originally forecasted in our minds. That is why short-term loans were designed as products for all individuals in this country – to give a little breathing room and lend a helping hand to get us through the unforeseen time that has landed at our doors. For simple, efficient, instant online loans that are confidential and will give you a reason to feel some relief, these loans are for you.

Short-term loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This short-term loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

List of direct lenders offering Short-term loans

  1. FinChoice Short-term loan


    • Loans up to R40,000
    • Term up to 24 months
    • Interest from 24%
  2. RCS Loans Short-term loan

    RCS Loans

    • Loans up to R250,000
    • Term up to 60 months
    • Interest from 15%
  3. Boodle Loans Short-term loan

    Boodle Loans

    • Loans up to R4,000
    • Term up to 32 days
    • Interest from 10%
  4. Finance 27 Short-term loan

    Finance 27

    • Loans up to R4,700
    • Term up to 6 months
    • Interest from 38%
  5. FNB Loans Short-term loan

    FNB Loans

    • Loans up to R60,000
    • Term up to 60 months
    • Interest from 10.5%
  6. GetBucks Short-term loan


    • Loans up to R4,000
    • Term up to 56 days
    • Interest from 60%
  7. Blink Finance Short-term loan

    Blink Finance

    • Loans up to R4,000
    • Term up to 65 days
    • Interest from 38%
  8. Mulah Short-term loan


    • Loans up to R4,000
    • Term up to 30 days
    • Interest up to 60%
  9. MyMulah Short-term loan


    • Loans up to R5,000
    • Term up to 90 days
    • Interest up to 38%
  10. ABSA Short-term loan


    • Loans up to R350,000
    • Term up to 84 months
    • Interest from 3%
  11. Little Loans Short-term loan

    Little Loans

    • Loans up to R5,000
    • Term up to 6 months
    • Interest from 36%
  12. MPOWA Finance Short-term loan

    MPOWA Finance

    • Loans up to R5,000
    • Term up to 12 months
    • Interest from 36%
  13. Letsatsi Finance Short-term loan

    Letsatsi Financ...

    • Loans up to R8,000
    • Term up to 6 months
    • Interest up to 150%
  14. SEFA Short-term loan


    • Loans up to R15,000,000
    • Development of SMMEs
    • Expert financial services
  15. Just Money Short-term loan

    Just Money

    • Loans up to R250,000
    • Term up to 84 months
    • FREE credit score
  16. Cobol Loans Short-term loan

    Cobol Loans

    • Loans up to R5,000
    • Term up to 6 months
    • Interest from 124%
  17. Friendly Finance Short-term loan

    Friendly Financ...

    • Loans up to R8,000
    • Term up to 6 months
    • Interest up to 60%
  18. Bridge Loans Short-term loan

    Bridge Loans

    • Loans up to R7,100
    • Term up to 6 months
    • Expert bridging finance
  19. Pow Wow Loans Short-term loan

    Pow Wow Loans

    • Loans up to R4,000
    • Term up to 60 days
    • Interest up to 60%
  20. Dunami Short-term loan


    • Loans up to R5,000
    • Term up to 6 months
    • Interest from 104%
  21. Izwe Loans Short-term loan

    Izwe Loans

    • Loans up to R250,000
    • Term up to 60 months
    • Interest from 27.75%
  22. Thuthukani Short-term loan


    • Loans up to R4,000
    • Term up to 42 days
    • Interest up to 60%
  23. Easy Payday Short-term loan

    Easy Payday

    • Loans up to R2,500
    • Term up to 30 days
    • Free to apply
  24. Mr Cash Loans Short-term loan

    Mr Cash Loans

    • Loans up to R8,000
    • Term up to 60 months
    • Interest from 28%
  25. Xcelsior Short-term loan


    • Loans up to R500,000
    • Term up to 36 months
    • 30-minute loans
  26. LAMNA Financial Short-term loan

    LAMNA Financial

    • Loans up to R7,000
    • Term up to 24 months
    • Interest up to 60%
  27. Lifestyle Financial Services Short-term loan

    Lifestyle Finan...

    • Loans up to R15,000
    • Term up to 12 months
    • Interest from 23%
  28. PEP Short-term loan


    • Loans up to R5,000
    • Term up to 12 months
    • Interest up to 29.25%
  29. MBC Finance Short-term loan

    MBC Finance

    • Loans up to R4,000
    • Term up to 30 days
    • Interest from 32%
  30. Policy Trader Short-term loan

    Policy Trader

    • Get cash fast
    • Trade in policies
    • Apply online
  31. ZAR Financial Short-term loan

    ZAR Financial

    • Get financial freedom
    • Loans up to R10,000
    • Term up to 12 months
  32. Loan Tracer SA Short-term loan

    Loan Tracer SA

    • Loans up to R8,000
    • Term up to 60 months
    • Interest from 10.71%
  33. Wanna Loan Short-term loan

    Wanna Loan

    • Loans up to R3,000
    • Term up to 37 days
    • Interest up to 60%
  34. Budget Cash Loans Short-term loan

    Budget Cash Loa...

    • Loans up to R3,000
    • Term up to 40 days
    • Interest up to 60%
  35. Kathlego Cash Loans Short-term loan

    Kathlego Cash L...

    • Loans up to R200,000
    • Apply online
    • Better cash flow
  36. Dube Loans Short-term loan

    Dube Loans

    • Loans up to R8,000
    • Term up to 34 days
  37. InstaLoan Short-term loan


    • Loans up to R2,500
    • Term up to 90 days
    • Low rate loans
  38. Loan Spotter SA Short-term loan

    Loan Spotter SA

    • Loans up to R8,000
    • Term up to 6 months