Short Term Loans in South Africa – Apply directly with one of our trusted lenders

Applications usually take 5-10 minutes to complete. You can often get an instant decision and funds the same day

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Loans from R500 – R4000. Funded the same day


Loans from R300 – R5400. Funded the same day

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Loans from R500 – R4000. Funded the same day

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Loans from R100 – R4000. Super Quick Application

Short term loans 

A short term loan is a small loan amount that is repaid over a short period of time, usually on your next payday. With loan amounts from R100 to R8,000, there are many lenders offering short term loans in South Africa. The fastest growing type of lenders are online, whose efficient loan process make applying and receiving a loan far easier. Friendly Finance helps you understand the rates and terms of the different online lenders throughout your area. Using our powerful comparison tool, you can view the data you need on one site and make an informed choice of a qualified financial partner.

We often receive questions from consumers who are new to online borrowing and would like to understand the processes and policies better. If this is you, read through the following information to get a better idea of short term loans in South Africa.

Where can I find an online loan?

Traditionally, short terms loans were offered by storefront lenders and banks. Online products have risen to prominence over the last few years and are available throughout South Africa. You can find an online lender through our comparison tools at Friendly Finance. We only work with lenders licensed by the National Credit Regulator meaning they conform to national rules and regulations. This means your personal information and loan will be safe and secure.

Am I eligible for a loan?

Every lender offering short term loans in South Africa will have different criteria to meet to be accepted for a loan. This is due to the different lending models they use. To even be considered to for a loan though, there are basic minimum criteria you will need to meet. As a rule of thumb, you will need to meet the following:

  • A South African resident
  • Employed with a steady income
  • At least 18 years of age
  • Have an active bank account.

Credit check?

The lender will likely do a credit check during the approval process and your credit score will influence the lender’s decision on whether you can afford the loan. If you have a bad credit score, you may still be approved for a loan as short term lenders are more interested in your current financial situation rather than your financial history.

How do I receive the money?

If you are approved for a loan, your online lender will electronically transfer the money to your bank account. The time taken to receive the money will depend on your banking institution. In some cases, you may receive your loan the same day you apply. Also, repayments are usually made automatically via a direct debit. This takes away the hassle of managing your loan. You just need to make sure you have enough money in your account on the agreed date.

Who can I trust?

There are so many online companies offering loan products that it can be difficult to know who to trust. This is where Friendly Finance can help. We scour the internet and research the most credible lenders in the loan industry who are based in South Africa. The lenders listed in our comparison tables are licensed and run legitimate companies so you can be sure you’re making a safe selection. We also collate the key information on the loan products and display this in an easy to understand and clear format, allowing you to make an informed loan decision. You can start your search now by reviewing the lenders below.