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Apply Now1. Apply
Complete our online form and quickly search through our network of lenders.
Complete our online form and quickly search through our network of lenders.
2. Approval
Sign and return your loan agreement, which will be sent to you via email upon approval.
Sign and return your loan agreement, which will be sent to you via email upon approval.
3. Funding
Receive cash directly into your South African bank account in less than 1 hour.
Receive cash directly into your South African bank account in less than 1 hour.
South Africa Based Lenders
Fair & Flexible
Payday Loans
Accessibility
We believe that everyone should have access to financial assistance when they need urgently. That's why we strive to make our payday loans accessible to people from all walks of life, regardless of their credit history.
Speed
We understand that when people need a payday loan, you often need it quickly. Our streamlined application process ensures that you can get the funds you need as soon as possible, often within hours of approval.
Our online platform allows to apply for a payday loan from the comfort of your phone. No need to visit a physical location or wait in long lines. Everything can be done conveniently online.
We believe in being upfront and transparent about our terms and conditions. You'll never encounter hidden fees or surprise charges when you choose a payday loan with us. We'll clearly outline all the details of your loan before you sign any agreements. Your privacy and security are our top priorities.
We use the latest encryption technology to ensure that your personal and financial information remains safe and secure at all times.
Who is eligible for payday loans in South Africa?
The easy payday loans eligibility process provides a quick decision without leaving any mark on your credit score*. If approved, you could receive the loan payment today. To be approved, you must:
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FAQ's Payday Loans
Check our FAQs for quick answers to frequently asked questions we receive.
If you have other questions write.
- What are Payday Loans South Africa?
Payday loans, as the name suggests, are short-term loans intended to cover emergency expenses while you await your next payday and paycheck.
They may also be known as short-term loans and instant cash advances, but they basically serve the same purpose.- How long does it take for loan funds to be deposited?
Payday loans offer an immediate solution for accessing needed funds. With comparelender.co.za, you could have your loan deposited into bank account within 1 hour of approval, provided all our underwriting checks have been completed.
Learn more about our 1-hour funding. Other payday loan lender have less frequent payment schedules, resulting in hours or days of waiting for loan to arrive.- Can taking out a payday loan affect my credit score?
Taking out a direct payday loan will almost always have an impact on your credit score. Depending on how a creditor conducts their checks and because we have to run a credit check before we can accept application for a payday loan, this will show on credit report and can affect credit score.
- Where can i use urgent payday loans South Africa?
You can use urgent cash loans for various purposes, including:
- Boiler repair
- Plumbing
- Car repairs
- Pet bills
- Home appliances
- Dentistry
- Phone bills
- Energy bills
- What is the interest rate on payday loans South Africa?
This depends entirely on the lender. The amount of interest you pay is also determined by how much you borrow and how long your repayment period is.
Most lenders charge 5%, in line with registered lenders who comply with the National Credit Act.- Can I get a payday loan with bad credit?
Yes, you can get a payday loan with bad credit. However, your ability to borrow may be influenced by credit score and history.
We have additional information on bad credit and loans available in our detailed guide.- Do you offer no credit check loans South Africa?
In truth, no reputable online payday lender can offer loan without checking credit profile to determine if you're eligible. This would be a huge mistake on the part of the lender.
The direct lenders we're partnered with initially perform what is called a soft check, which means they can request the desired information to determine eligibility, but no lasting footprint is left on record at this stage, and score is not negatively affected.
If, however, choose to accept the loan offer presented to you, a full credit check will be performed.
