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Payday loans

A payday loan offers instant approval online for up to R8,000 and a convenient repayment term even if you are blacklisted – with minimal–to–no credit checks required, your loan will be credited to your account within 24 hours or less.

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90 Day Payday Loan No Credit Check Online

No matter what your financial emergency is, a payday loan can provide you with the instant cash relief you need with minimal or no paperwork required.

Competitive payday loans for blacklisted individuals are also available.

Frequently Asked Questions

Apply today for instant loan approval & payout

While managing your finances isn’t the easiest thing to do in this day and age with prices constantly increasing and expenses piling up overnight, many of us give it all we’ve got and, manage to get by.

The real issue arises when something unexpected happens and the usual budget gets thrown out the window. This can be anything from your car breaking down or your geyser bursting to a child's birthday or upcoming holiday that you simply don’t have enough for.

In such a case, you may need a little extra cash to get things done and, it is likely that you need it as soon as possible. This is where payday loans come in - they can be obtained quickly and provide small sums of cash to help us get by when money is tight and payday is nowhere in sight.

What is a Payday loan?

A payday online loan can be considered both an instant loan and an unsecured short-term loan. It's essentially one of the quickest ways to borrow money and typically involves an online lender or pawnbroker. While no loans can be credited instantly, there are many lenders who come quite close and, offer some of the shortest processing times and fastest payouts in the country.

The term payday loan is used because this micro-loan is typically repaid in full on the borrower's next payday. In addition, many payday lenders allow customers to create an account which then enables them to log in and make a loan request which is then immediately approved and transferred to the holder's account.

For the purposes of this article, we will consider a payday online loan to encompass any cash loan that can be processed in 24 hours or less and, is repaid by the borrower within a maximum of 40 days.

Who offers Payday online loans?

The most common places to get one is from payday lenders who offer quick loans 100% online.

You can also get a loan from a bank and this is likely to be your best option since the rates will typically be lower and, since you already have a relationship with the lender you could have the money approved very quickly.

What are the benefits?

While personal loans can certainly offer you a convenient and affordable cash boost when you're low on money payday cash loans have many advantages that these types of loans don’t have.

One of these advantages is the obvious time aspect. With a personal loan, you may have to wait days and even weeks to get the money credited to your account while a payday online loan is typically credited within minutes of being approved.

Personal loans from banks also only offer larger cash amounts - which isn't ideal for people who only really need a small sum of money to get by until their next payday comes around.

Finally, while you need to have a good credit record to get approved for a personal loan, you only need to be employed and earn a regular income to be approved for a loan.

Is a Payday loan the right option for me?

  • If you need a small amount of money - typically between R100 and R15,000
  • Are employed full time and earn more than R2,000 per month
  • Do not qualify for a pre-approved cash advance from your bank
  • Need money in a hurry
  • Don’t want to go into a branch or office to apply for a loan
  • Have a poor credit score

They are not for:

  • Those who are unemployed and do not have a stable income
  • Long term cash flow problems
  • Those who need to borrow more than R3,000
  • Those who have multiple debts or already have an existing loan

How does this loan work?

These are among the simplest types of loans on the market. They usually offer loan amounts of between R100 and R15,000 and carry a loan term of between 7 and 30 days.

Most payday lenders operate entirely online but there are many walk-in offices around the country where one can get such a loan. A borrower will make a loan application online and either upload a range of supporting documents via the internet, fax or email them over to the lender.

The lender will then check the information provided as well as the supporting documents and possible conduct a credit check. If the borrower's identity, employment and credit check all get the green light the lender will send a loan agreement form that contains all the details of the loan offer.

Once signed, the loan will then be credited to the borrower's account within a space of minutes. The loan is then repaid via direct debit order on the customer's next payday.

How do I compare loans online?

Comparing payday online loans may seem simple but, with lenders generally being quite vague about their interest rates and fees it is anything but. We have provided a comprehensive list of payday lenders and recorded their listed Annual Percentage Rates (APRs), minimum and maximum loan amounts as well as their average loan processing time and a range of other useful information to help you make an informed decision.

Using the APR to compare these quick loans is the best way to work out how much the loan will cost since this rate includes both interest and fees that will be included in the cost. You may also want to consider how much the lender is offering as well as whether or not they work with people that have a poor credit history.

What do I need to qualify for a Payday online loan?

In order to be eligible for a payday loan, you must be a citizen of South Africa and in possession of either a bar-coded green ID book or a smart ID card. You also have to be employed on a full-time basis and earn a minimum of R3,000 or more per month.

In addition, you will be required to provide some form of proof of residence and 3 months' worth of bank statements. These documents will have to provide to the lender in electronic format and some may require the documents to be certified.

Payday loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This payday loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

List of direct lenders offering Payday loans

  1. FinChoice Payday loan


    • Loans up to R10,000
    • Term up to 3 months
    • Interest from 24%
  2. Fasta Payday loan


    • Loans up to R8,000
    • Term up to 3 instalments
    • Quick online loans
  3. Koodo Payday loan


    • Loans up to R5,000
    • Term up to 65 days
    • Interest up to 38%
  4. Boodle Payday loan


    • Loans up to R4,000
    • Term up to 32 days
    • Interest from 60%
  5. Finance 27 Payday loan

    Finance 27

    • Loans up to R4,700
    • Term up to 6 months
    • Interest from 38%
  6. Atlas Finance Payday loan

    Atlas Finance

    • Loans up to R8,000
    • Term up to 240 days
    • Affordable repayments
  7. Mpowa Finance Payday loan

    Mpowa Finance

    • Loans up to R2,500
    • Term up to 33 days
    • Interest from 323%
  8. Blink Finance Payday loan

    Blink Finance

    • Loans up to R4,000
    • Term up to 65 days
    • Interest from 38%
  9. Southern Finance Payday loan

    Southern Financ...

    • Loans up to R4,000
    • Term up to 65 days
    • Interest from 38%
  10. Hoopla Loans Payday loan

    Hoopla Loans

    • Loans up to R8,000
    • Term up to 6 months
    • Compare loans online
  11. Mulah Payday loan


    • Loans up to R4,000
    • Term up to 30 days
    • Interest from 38%
  12. Sunshine Loans Payday loan

    Sunshine Loans

    • Loans up to R4,000
    • 100% Online Loans
    • Interest from 4 days%
  13. Supasmart Loans Payday loan

    Supasmart Loans

    • Loans up to R20,000
    • Term up to 15 months
    • Interest from 28%
  14. Bridge Loans Payday loan

    Bridge Loans

    • Loans up to R4,400
    • Term up to 30 days
    • Interest from 219%
  15. Loan SA Payday loan

    Loan SA

    • Loans up to R150,000
    • Term up to 36 months
    • Interest from 27%
  16. Lime24 Payday loan


    • Loans up to R5,400
    • Term up to 36 days
    • Instant transfers
  17. Letsatsi Finance and Loan Payday loan

    Letsatsi Financ...

    • Loans up to R8,000
    • Term up to 6 months
    • Interest from 28%
  18. Little Loans Payday loan

    Little Loans

    • Loans up to R8,000
    • Term up to 45 days
    • Interest from 36%
  19. Dunami Payday loan


    • Loans up to R5,000
    • Term up to 6 months
    • Interest from 2212%
  20. Binixo Payday loan


    • Loans up to R9,000
    • Term up to 65 days
    • Interest from 10.5%
  21. MBC Finance Payday loan

    MBC Finance

    • Loans up to R4,000
    • Term up to 30 days
    • Interest from 19.6%
  22. Thuthukani Financial Services Payday loan

    Thuthukani Fina...

    • Loans up to R4,000
    • Term up to 45 days
    • Interest from 60%
  23. Power Financial Services Payday loan

    Power Financial...

    • Loans up to R8,000
    • Term up to 180 days
    • Interest from 36%
  24. Friendly Finance Payday loan

    Friendly Financ...

    • Loans up to R8,000
    • Term up to 45 days
    • Interest from 36%
  25. Zarfin Payday loan


    • Financial planning
    • Budgeting tools
    • Apply online
  26. Dube Loans Payday loan

    Dube Loans

    • Online loan application
    • Low interest rates
    • Easy loan terms
  27. Loan Choice SA Payday loan

    Loan Choice SA

    • Affordable loan application
    • Low interest rates
    • Flexible repayment terms
  28. Mipaydayloans Payday loan


    • Loans up to R4,000
    • Fast & Easy Loans
    • Term up to 31 days
  29. Loan Detector SA Payday loan

    Loan Detector S...

    • Online loan application
    • Low interest loans
    • Quick response
  30. Loan Tracker Sa Payday loan

    Loan Tracker Sa

    • Quick online loans
    • Low interest rates
    • Affordable repayment terms
  31. Kathlego Cash Loans Payday loan

    Kathlego Cash L...

    • Affordable loan amount
    • Low interest loans
    • Affordable repayment terms
  32. Konga Payday loan


    • Loans up to R5,400
    • Term up to 35 days
    • Interest from 38%
  33. GetBucks Payday loan


    • Loans up to R12,000
    • Affordable interest rates
    • Term up to 12 months
  34. Res Q Loans Payday loan

    Res Q Loans

    • Loans up to R1,000
    • Term up to 35 days
    • Interest from 15%
  35. SA Payday Payday loan

    SA Payday

    • Loans up to R150,000
    • Term up to 60 months
    • Interest from 68%
  36. SA Cash Loans Payday loan

    SA Cash Loans

    • Loans up to R150,000
    • Term up to 60 months
    • Easy loan compare
  37. Budget Cash Loans Payday loan

    Budget Cash Loa...

    • Loans up to R3,000
    • Term up to 40 days
    • Interest from 32%
  38. Yuppie Cash Payday loan

    Yuppie Cash

    • Loans up to R2,000
    • Term up to 30 days
    • Interest up to 15%