Quick Loans

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Instant Loans Online with No Credit Checks

A quick loan application is fast and simple with little-to-no credit checks required, as long as you have a valid ID and proof of a monthly income you can enjoy fast approval.

In just minutes, you can qualify for quick easy loans online from only the best lenders in South Africa.

Frequently Asked Questions

Quick loan calculator What is a quick online loan? Who offers quick loans? Quick loan requirements

Save time & money by comparing loans online

When comparing credit products most people know that looking at a lender's interest rate is a good start but, since not all lenders make their interest rates clear and readily available this can pose quite a challenge. In addition, although most lenders make their Annual Percentage Rate (APR) available on their websites, some lenders, particularly the smaller ones, do not.

In order to compare loans accurately, it is important that you look at the APR rather than the daily or monthly interest rate. Typically the APR should include, not only the interest paid on the principal loan amount but, any fees that will be charged over the course of the loan term. This makes the APR the best tool at your disposal to compare quick loans and find one that's more affordable.

What is a Quick online loan?

It is typically unsecured since it should take only a matter of minutes to apply for and have credited to the customer which is not the case with secured loans which typically require a lot of paperwork
It can typically be obtained immediately or within 3 hours of the customer's application
Fast loans are also typically short-term loans since they generally carry a term of between 30 days & 6 years
They generally offer a smaller amount of money - from as little as R300 to about R250 000
They can easily be obtained online, in a bank or in an alternative credit provider's store or office

Other details to consider

In addition to the APR, you may also want to consider the minimum and maximum loan amount that is available in order to meet your particular needs. While some lenders, particularly online lenders, will offer only small amounts, you can typically secure a larger personal or payday loan from a bank or large credit provider.

In addition, you may also want to check the minimum and maximum loan term since a longer loan term will offer you smaller monthly repayments while a shorter loan term will enable you to pay off your loan quickly and save in interest.

We have made it easy for South Africans to compare loan providers online.

The list of lenders which follows below offers you a comprehensive look at all the banks, franchise retailers and alternative credit providers that offer loans that fall into the "quick loans" category.

You can review the list, find out more about each lender, see how much they're offering, what their typical interest rate is and compare their offer to find the one that meets your needs.

Who offers fast loans in South Africa?

Luckily for South Africans, there is certainly no shortage of quick cash loan providers in the country. From major banks like FNB and Nedbank to alternative credit providers like DirectAxis and Cobol - if you need money fast - there's likely someone out there willing to offer it to you.

When you need a fast loan the first provider that you should turn to is your bank - since you already have an account and therefore a relationship with them they are the most likely to offer you the money you need without requiring you to fill out paperwork or provide any additional information.

In addition, your bank is also likely to offer you the lowest - and therefore the best, interest rate. If your bank has not offered you a provisional personal loan then you may want to consider an alternative credit provider.

Important information about Quick loans

While quick loans can certainly be a great help when your payday is too far out and you need to buy groceries, fill up the petrol tank or pay your bills, they are not ideal for long term use and should only be used for emergency purposes.

Alternative options to taking out a quick loan are to use a credit card or overdraft facility which generally offers a lower interest rate if the balance is paid within the time frames set out by your provider.

The problem with these types of loans is not necessarily the interest or the fees that you have to pay but, the fact that long term or continuous use can cause a dependency that may be hard to overcome.

What do I need to apply for a fast loan?

Typically, your bank will be able to offer you a short-term loan without requiring you to fill out any paperwork. If you are registered for online banking all you have to do is log in and find the provisional loan offer link, follow the prompts and agree to the terms and conditions.

The loan will then be credited to your account in minutes. If you're applying to an alternative lender you will have to complete a loan application and provide them with the following supporting documents:

Your South African ID
2 recent payslips
3-month bank statements
Proof of address in the form of a utility bill

Some lenders may require that you provide them with certified copies of your ID and bank statements - a request that is usually made to first-time customers who have not yet developed a relationship with the particular lender.

Concluding your loan application

Once you have provided your supporting documents and completed your application the lender will conduct a few simple checks and make you a quick loan offer which you will then need to accept before the money can be credited to your account.

As mentioned these loans can generally be credited within hours of having completed an application and once you're on a lenders system you may be able to obtain a second loan even quicker since your information will be stored on their system.

Quick loan calculator

List of direct lenders offering Quick loans

Fasta
- Loans up to R8,000
- Term up to 4 months
- FAST loan payout
RCS Loans
- Loans up to R200,000
- Term up to 60 months
- Interest from 15%
Boodle
- Loans up to R4,000
- Term up to 6 months
- Interest from 60%
African Bank
- Loans up to R200,000
- Term up to 72 months
- Interest from 10.5%
FNB
- Loans up to R300,000
- Term up to 60 months
- Interest from 13.50%
Nedbank
- Loans up to R200,000
- Term up to 60 months
- Interest from 12.50%
Cobol
- Loans up to R5,000
- Term up to 6 months
- Interest from 124%
Mulah
- Loans up to R4,000
- Term up to 30 days
- Interest from 60%
Fincheck
- Loans up to R250,000
- Term up to 72 months
- Interest from 16%
Lime 24
- Loans up to R5,400
- Term up to 36 days
- Quick payouts
EC Loans
- Loans up to R120,000
- Term up to 84 months
- Interest from 28%
Creditgenie
- Loans up to R150,000
- Quick loan approval
- Affordable loan terms
Izwe Loans
- Loans up to R250,000
- Term up to 60 months
- Interest from 27.75%
Mr Cash Loans
- Loans up to R50,000
- Term up to 60 months
- Interest from 36%
Binixo
- Loans up to R9,000
- Term up to 65 days
- Interest from 10.5%
Xcelcior
- Loans up to R500,000
- Term up to 36 months
- Interest from 27%
Little Loans
- Loans up to R8,000
- Term up to 6 months
- Interest from 36%
Power Loans
- Loans up to R8,000
- Term up to 6 months
- Interest from 60%
Friendly Financ...
- Loans up to R8,000
- Term up to 6 months
- Interest from 60%
Low Budget Loan...
- Loans up to R3,000
- Term up to 6 months
- Interest from 28%
MBC Finance
- Loans up to R4,000
- Term up to 30 days
- Interest from 32%
Supa Smart Loan...
- Loans up to R200,000
- Term up to 60 months
- Interest from 16%
Sijabulile Fina...
- Loans up to R8,000
- Quick Online Loans
- Interest from 3%
Loan SA
- Quick online application
- Low interest rates
- Flexible repayment terms
Loans-Inc
- Loans up to R50,000
- Term up to 60 months
- Interest from 25%
Wanna Loan
- Loans up to R3,000
- Term up to 37 days
- Interest from 60%
Konga Loans
- Loans up to R5,400
- Term up to 35 days
- Fast loan approvals
GetBucks
- Loans up to R4,000
- Term up to 45 days
- Interest from 60%
SA Cash Loans
- Loans up to R150,000
- Term up to 60 months
- Interest from 29%
Loan Detector
- Affordable loan amounts
- Low interest rates
- Affordable repayment terms
Loan Tracer
- Loans up to R150,000
- Term up to 60 months
- Interest from 10.71%
Loan Picker
- Quick online application
- Affordable loan interests
- Flexible loan repayment