Payday Loans Online

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African lady applying for a payday loan online

Looking for payday loans online?

It’s a common scenario that we all face, being short of cash when we really need it most. Lives are fast pace these days, and when we find ourselves in financial stress, we often need money instantly to get ourselves out of a sticky spot. While many South African’s still opt to apply for payday loans by visiting a storefront lender, more of us are taking advantage of applying for payday loans online. You can save a lot of time by applying for the loan you need from home – especially in an emergency.

Lenders promoting short term loans in South Africa offer loans from R100 to R8,000, which are paid back over the course of 30 – 45 days. During the application process, you will invariably be asked to complete a series of questions related to your personal details. This is after you’ve selected the details of the payday loan amount and the loan term using the lender’s interactive sliders. Many lenders use this tool for ease of use. If you can afford to pay off the loan over a shorter period, this means you will owe less in interest. However, think carefully before you commit, as you don’t want to stretch yourself financially.

What will I need to provide?

Payday lenders will request additional forms of identification and financial details to qualify your eligibility to pay them back. In addition to running a basic credit check, they are likely to request supporting documentation that verifies your income and expenses, alongside:

  • 90 days of bank statements
  • South African I.D number
  • Email address
  • Mobile number

Your contact information will be used to assist in the final stages of the application process. For example, the lender may send you an SMS with instructions on additional documentation they may request. Your email and mobile phone will also likely be used as a form of communication to notify you when a repayment is due (should you enter a loan agreement with them), or when they will be debiting a repayment from your account. Friendly Finance only represents respected payday lenders that are directly licensed by the NCR (National Credit Regulator), so you can take assurance we have your interests covered.

Why Friendly Finance?

When life throws you a curveball, you want to make sure you have a safety net. At Friendly Finance, we work hard to provide convenient and accurate information about payday loans online, so that you have the crucial information on all the relevant providers and their financing when you need it most. We understand that quick access to cash can be crucial in some situations, so we created a financial marketplace to provide all the information you need know.

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