Instant Payday Loans

Find your instant payday loans with Friendly Finance

A payday loan in south africa piggy bank

An instant payday loan

Unexpected bills? Not enough money to last until your next payday? An instant payday loan can help. These fast and flexible loans are used by thousands of South African borrowers to bridge the gap until their next payday. Unlike traditional bank and storefront lenders, instant payday lenders offer more flexible terms for smaller loan amounts so you borrow only what is needed. They also offer faster approval and funding meaning you get the money now, when you most need it. Let’s take a closer look at how they work:

Quick application and decision

Applying for an instant payday loan online is simple. Lenders offer a completely online process meaning there is no need to leave the comfort of your home to get the money you need. Typically, an application form will take around 10 minutes to complete and you’ll be able to submit it faster if you have all your relevant details to hand. You’ll be asked for information such as:

  • Contact details and address
  • DOB and ID number
  • Employer information
  • Bank account details

Once you have completed your instant payday loan application and click submit, the lender will begin reviewing your information. The time taken to review your application will vary between payday lenders, with some lenders able to provide an instant approval decision. If you are approved without needing to provide supporting documentation, the lender will send you a loan agreement to sign. Read through this agreement carefully to make sure you are happy with the terms of the loan because, after signing, you will be committed to the repayments. Once the signed agreement is received by the lender they will process the transfer of your funds instantly. Again, the time taken for the money to hit your bank account will vary but in some cases, you can receive it on the same day.

Compare easily

Finding a credible lender offering instant payday loans can be difficult with so many companies saying they have ‘the best rates’. This is where Friendly Finance can help as our comparison tools making your loan search much easier. Here are some of the reasons our website is used by consumers looking for a loan:

  • Licensed lenders – We only work with lenders licensed with the National Credit Regulator. This means applying with a lender from our panel will help you avoid unscrupulous companies who charge unlawful interest rates.
  • Product features – We carefully research the instant payday loans offered by the lenders in our panel to understand the features and costs. This information is then presented to you in a clear format so you can make a quick, informed decision.
  • Filtering – Our comparison tables allow you to sort the lenders based on the loan features that matter most. This helps you to easily identify the lenders that match your personal requirements.
  • Loan calculators – The loan calculators we have built help you work out the total cost of borrowing on payday and personal loans, as well as how much each repayment will be. All you need to do is enter basic information like the loan amount, terms and charges. Within minutes you’ll know if the loan you are interested in is affordable.
  • Free of charge – Our website is completely free to use and there is no obligation to take out a loan if you carry out a search. So, what are you waiting for? See how much money you can borrow, and find a lender today.

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