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Quick loans

A quick loan offers you online approval of up to R250,000 at low interest rates starting from 9.25% p.a. and flexible repayment terms of up to 6 years – instant cash in 1 hour without documents.

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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

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 has made an 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 small 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 online credit provider.

Important information about Quick loans

While quick online 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 Identity Document
  • 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

The interest rate of a loan will vary based on your credit score and risk profile.
This quick 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 Quick loans

  1. Fasta Quick loan


    • Loans up to R8,000
    • Term up to 4 months
    • FAST loan payout
  2. RCS Loans Quick loan

    RCS Loans

    • Loans up to R200,000
    • Term up to 60 months
    • Interest from 15%
  3. Boodle Quick loan


    • Loans up to R4,000
    • Term up to 6 months
    • Interest from 60%
  4. African Bank Quick loan

    African Bank

    • Loans up to R200,000
    • Term up to 72 months
    • Interest from 10.5%
  5. FNB Quick loan


    • Loans up to R300,000
    • Term up to 60 months
    • Interest from 13.50%
  6. Nedbank Quick loan


    • Loans up to R200,000
    • Term up to 60 months
    • Interest from 12.50%
  7. Cobol Quick loan


    • Loans up to R5,000
    • Term up to 6 months
    • Interest from 124%
  8. Mulah Quick loan


    • Loans up to R4,000
    • Term up to 30 days
    • Interest from 60%
  9. Fincheck Quick loan


    • Loans up to R250,000
    • Term up to 72 months
    • Interest from 16%
  10. Lime 24 Quick loan

    Lime 24

    • Loans up to R5,400
    • Term up to 36 days
    • Quick payouts
  11. EC Loans Quick loan

    EC Loans

    • Loans up to R120,000
    • Term up to 84 months
    • Interest from 28%
  12. Creditgenie Quick loan


    • Loans up to R150,000
    • Quick loan approval
    • Affordable loan terms
  13. Izwe Loans Quick loan

    Izwe Loans

    • Loans up to R250,000
    • Term up to 60 months
    • Interest from 27.75%
  14. Mr Cash Loans Quick loan

    Mr Cash Loans

    • Loans up to R50,000
    • Term up to 60 months
    • Interest from 36%
  15. Binixo Quick loan


    • Loans up to R9,000
    • Term up to 65 days
    • Interest from 10.5%
  16. Xcelcior Quick loan


    • Loans up to R500,000
    • Term up to 36 months
    • Interest from 27%
  17. Little Loans Quick loan

    Little Loans

    • Loans up to R8,000
    • Term up to 6 months
    • Interest from 36%
  18. Power Loans Quick loan

    Power Loans

    • Loans up to R8,000
    • Term up to 6 months
    • Interest from 60%
  19. Friendly Finance Quick loan

    Friendly Financ...

    • Loans up to R8,000
    • Term up to 6 months
    • Interest from 60%
  20. Low Budget Loans Quick loan

    Low Budget Loan...

    • Loans up to R3,000
    • Term up to 6 months
    • Interest from 28%
  21. MBC Finance Quick loan

    MBC Finance

    • Loans up to R4,000
    • Term up to 30 days
    • Interest from 32%
  22. Supa Smart Loans Quick loan

    Supa Smart Loan...

    • Loans up to R200,000
    • Term up to 60 months
    • Interest from 16%
  23. Sijabulile Finance Quick loan

    Sijabulile Fina...

    • Loans up to R8,000
    • Quick Online Loans
    • Interest from 3%
  24. Loan SA Quick loan

    Loan SA

    • Quick online application
    • Low interest rates
    • Flexible repayment terms
  25. Loans-Inc Quick loan


    • Loans up to R50,000
    • Term up to 60 months
    • Interest from 25%
  26. Wanna Loan Quick loan

    Wanna Loan

    • Loans up to R3,000
    • Term up to 37 days
    • Interest from 60%
  27. Konga Loans Quick loan

    Konga Loans

    • Loans up to R5,400
    • Term up to 35 days
    • Fast loan approvals
  28. GetBucks Quick loan


    • Loans up to R4,000
    • Term up to 45 days
    • Interest from 60%
  29. SA Cash Loans Quick loan

    SA Cash Loans

    • Loans up to R150,000
    • Term up to 60 months
    • Interest from 29%
  30. Loan Detector Quick loan

    Loan Detector

    • Affordable loan amounts
    • Low interest rates
    • Affordable repayment terms
  31. Loan Tracer Quick loan

    Loan Tracer

    • Loans up to R150,000
    • Term up to 60 months
    • Interest from 10.71%
  32. Loan Picker Quick loan

    Loan Picker

    • Quick online application
    • Affordable loan interests
    • Flexible loan repayment