Short term loans - Apply for up to R10,000

Apply now or scoll down to read some very useful tips for your next short term loans search

This is a free short term loans search. Your data is 100% secure and we only use it to match you with a suitable lender. Once the form is submitted we take upto 60 seconds to give you a result. 95% of all customers find a loan and you could be funded the same day!

Short term loans are loans paid back over 1 month to 6 months. There are plenty of short term loan lenders now offering loans that can be applied for 100% online. They offer amounts from R100 to R10,000 and are regulated by the National Credit Regulation. A comprehensive list of registered credit providers can be found on their website. You can shop around online by visiting lender websites to understand more about what they offer as well as interest rates and fees they charge. Alternatively, using Friendly Finance does all the leg work for you. We search an entire network of direct lenders and present you the most suitable offers to your situation.

Below is a guide to short term loans so you can be more prepared when you begin your loan search.

Am I eligible?

Every short term loans lender in South Africa has different criteria you will need to me to to be approved for a loan.  You will always need to meet the basic criteria for an application to be considered. The minimum criteria are:

  • A South African resident
  • Employed with a steady income
  • At least 18 years of age
  • A bank account owner

A credit check may be carried out and your credit score will influence your chances of being approved for a loan. You may still be approved for an unsecured loan with a bad credit score as lenders are more interested in your current situation rather than your financial history.

Searching for a loan – shop around!

Make sure you shop around for the best deal when you apply for a loan. Every lender will have their own lending criteria, so it is possible you’ll receive a great offer from one and be declined by another. The lender you apply should also be safe and trusted. For example, a lender without a credit license could charge high interest rates, harass you and send unlicensed debt collectors to your door. We don’t want this to happen!

Applying for short term loans

Tips for finding lenders

Lending Criteria

A basic set of criteria you’ll need to meet to be considered for a loan. Usually, they include things like being older than 18 and in full time employment.

Check the fees

All lenders should disclose their fees, including interest rate, application fee and monthly service fee. Review these fees to make sure you can afford the total cost of borrowing. You don’t want to take out a loan you can’t afford to repay.

Look for a license number

Every lender should be licensed by the National Credit Regulator. A licensed lender will display their NCR number somewhere on the website (usually in the footer). Look for this number and avoid unlicensed lenders.

Look for a secure website

A lender’s application page needs to be secure to protect the personal details you provide when you apply. A secure page will have the prefix ‘https’ rather than ‘http’.

How do I apply for a loan?

Lenders within our panel are pragmatic and understand that urgent small loans must be financed quickly. The lenders working with Friendly Finance are able to review your application details within a minute and provide a pre-approval decision. Simply fill out the small loan application form above, providing the relevant personal information required. Click submit and we’ll have a pre-approval decision for you within a minute.

You’ll then be redirected to the lender’s final application page which will involve manually inputting some further information and financial details so the lender can assess your creditworthiness. This assessment shouldn’t take the short term loans lender more than 10 – 15 minutes. You will need to provide them with supporting documents to upload such as; pay slips or bank statements. This is required by every lender, so they can pinpoint your ability to pay them back over the course of the loan agreement.

The information you will be asked to provide will include:

  • Name
  • ID Number
  • Home address
  • Number of Independents
  • Employment status
  • Income
  • Cell and email address
  • Bank Details

Most lenders will also ask for your 3 most recent payslips or bank statements to prove your income. Don’t worry, as this is simple to do. You can simply upload the supporting documents to the lender’s portal and you’re done.

Do lenders offer no credit checks?

Yes. Short term lenders are most concerned with your current financial situation. If you have bad credit, loans may still be approved if your financial situation has improved.

short term loans approved

Decision Time


Congratulations! You’ll receive a loan agreement to review and sign.


Bad credit loans and small loan lenders should provide a clear outline of the loan agreement prior to getting you to sign. The agreement will highlight all costs you might face borrowing money from the lender. These costs will vary between from lender to lender and can include such things as; interest rates, monthly service fees, one-off start-up fees, credit insurance fees and a required deposit. The agreement will also outline the number and frequency of repayments highlighting the first and last dates payments are due. We strongly advise that you carefully read through your agreement prior to signing for your loan. It will help you to understand exactly what is expected of you and the actual cost of borrowing. If you do not understand part of the loan agreement, ask the lender to clarify the information before signing. Ignoring the loan agreement is never a good idea as it could lead to unexpected costs and being unable to meet the repayments.


You have the right to understand why you are declined. Contact the lender directly and request an explanation if they don’t give you one as part of the decline message. The lender is required to respond.

Why would I want to know?

Understanding the reason for being declined for a loan could help you find credit next time. For example, if it was due to a low credit score, you may decide to go for a secured (asset-based) loan option next time where credit scores do not matter as much.

Tip: As applying with a lender is free it is tempting to think ‘I’ll just apply with every lender until I am approved’.  This is not recommended.


A credit check is done nearly every time you apply for a loan. Having multiple credit checks run in a short space of time can negatively impact your credit score, which may affect your chances of being approved for credit in the future.

Short term loans declined

How do I repay my loan?

When your short term loan is approved and you sign your loan agreement, the lender will set up a direct debit to your bank account. This direct debit will automatically take the repayment amounts from you on the agreed upon dates. The repayment amounts and dates will be outlined in your loan agreement. This means that all you have to do is make sure you have enough money in your account on the set dates.

Be Careful...

A small loan can be of real assistance when you are in need of cash fast. However, it is very important that you are confident you’ll be able to meet the repayments. If you cannot pay back the loan on time, there is a chance you will incur additional fees and interest on the loan. You will likely continue to incur fees until the loan is repaid, which can lead to a cycle of debt that may be hard to break.

Who can I trust?

There are so many online companies offering short term loans that it can be difficult to know who to trust. This is where Friendly Finance can help. We will search the internet and find you the most trusted , licensed lenders in South Africa so you can make a safe loan choice. We also collect the important information on the loans 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 using our loan application above

Subscribe for newsletters, offers and articles.

Keep updated with all the relevant news from Friendly Finance. We cut through all the jargon and confusing terminology so it actually makes financial sense.