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Short-term loans

A short-term loan offers same-day online approval from R10,000 at no interest and a convenient repayment term up to 6 months – Bad credit welcome.

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Same-Day Payout is Guaranteed with a Short-Term Loan Online

If you need a loan for something that requires a bigger amount than a payday loan but don’t want to get stuck in debt for years, a short-term loan is an ideal solution.

We have provided you with a comprehensive list of short-term lenders below.

Frequently Asked Questions

Tailor-made loans for your short-term lending needs

South Africans can get a short-term loan from a wide range of lenders including major banks, peer-to-peer lenders, online lenders, and credit brokers.

The interest rates and terms vary extensively from lender to lender but, due to caps imposed by the National Credit Regulator, you cannot be charged more than 60% per annum on any cash loan that meets the set criteria.

We have included a complete list of short-term lenders and have summarized their individual offerings to help you find a lender that meets your needs.

Payday loans vs Short-term loans

Although these two forms of credit can generally be accepted as one and the same, there are significant differences that consumers need to consider before deciding on which option is best for them. Payday loans generally have a loan term of 30 days or, 1 month, while a short-term loan can be repaid in instalments ranging from 1 to 24 months.

In addition, a payday loan will likely offer you no more than R3,000 while a shorter-term loan can provide you with credit of R5,000 and above. Finally, while all payday loans are unsecured, there are short-term lenders that require security.

Why should I consider Short-term finance?

  • They offer bigger loan amounts than regular payday advances
  • They offer shorter repayment terms than personal loans - so you can save on interest
  • They can be both secured and unsecured
  • You can get a loan online - no queues necessary
  • Loan processing times for quick loans are usually under 24 hours
  • You can get a small amount and repay in up to 6 months
  • Interest rates are usually lower than those incurred with payday loans
  • They offer flexible repayment terms and flexible loan amounts

Compare multiple loan options

A shorter-term loan is, in essence, a perfect mix that offers a medium loan amount, a shorter loan term and a quick loan processing time.

We have listed lenders and included details on their short-term finance offering which include their APR, minimum and maximum loan terms, minimum and maximum loan amounts and various other details to help you make an informed decision.

Compare lenders based on:

  • How much the lender offers
  • The loan terms offered
  • Whether you meet their minimum requirements (some lenders require good credit while others don’t)
  • Whether the lender conducts credit checks or not
  • The Annual Percentage Rate (APR) offered on the loan
  • The speed at which the lender processes loan applications

What do I need to know about Short-term loans?

Shorter-term loans typically carry a higher interest rate than personal loans. More importantly, it is the large banks that offer the lowest interest rates and consumers should always consider these lenders before turning to alternative credit providers.

The problem with these large banks is that they tend to have stringent application requirements and will more than likely require the applicant to have a decent credit history to qualify. With so many South Africans struggling with debt and having some form of negative credit history, these requirements are difficult to meet.

If you do not meet their requirement you can opt to apply for credit with one of the many alternative credit providers who may charge more interest but will serve you faster and will likely approve you.

I have Bad credit, can I still get a loan?

While most banks and the mainstream lender will not offer a loan to someone who is blacklisted, there are many lenders who specialize in providing credit to people who have bad credit. If you have been refused credit by your bank making use of these alternative lenders may be your most feasible solution.

Some lenders may require you to provide security in the form of a vehicle or valuable piece of jewellery while some lenders may not ask you to provide security.

We have conveniently specified whether or not the lender will conduct a credit check upon receiving your application. To increase your chances of being approved for a loan for bad credit - consider using lenders who do not conduct credit checks.

What do I need to apply for a loan?

The majority of lenders will require applicants to be aged over 18 and under 65, to be South African citizens or permanent residents in possession of a valid green bar-coded ID or a smart ID card, to be employed and earning R 1,500 per month or more and to be able to provide the required supporting documentation which includes:

  • A copy of the applicant's ID
  • Proof of address
  • Bank statements
  • Payslips

The loan application process

The application process you will encounter when applying for a short-term loan will be much quicker than that of a personal loan but will also be a little more detailed than what you'll have to go through when applying for a payday loan.

All the lenders listed on LoansPlus offer a loan application online where you will be asked to fill in details such as your name, your ID number, monthly income, employment information, address, contact numbers and so on.

Once you’ve completed the form you can upload your supporting documents or, send them to the lender by fax or email. Once received the lender will check the information, supporting documents and in certain cases conduct a credit check.

Once this has been completed you will then receive a loan offer. This loan offer must be signed after which the lender will credit the loan to your bank account.

Short-term loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This short-term 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 Short-term loans

  1. Unifi Credit Short-term loan

    Unifi Credit

    • Loans up to R8,000
    • Term up to 6 months
    • Interest from 104%
  2. FinChoice Short-term loan


    • Loans up to R40,000
    • Term up to 24 months
    • Interest from 24%
  3. Fasta Short-term loan


    • Loans up to R8,000
    • Term up to 3 instalments
    • Fast online loans
  4. Finance 27 Short-term loan

    Finance 27

    • Loans up to R8,000
    • Term up to 65 days
    • Interest from 38%
  5. RCS Short-term loan


    • Loans up to R250,000
    • Term up to 60 months
    • Interest from 15%
  6. Boodle Short-term loan


    • Loans up to R8,000
    • Term up to 6 months
    • Interest from 60%
  7. Letsatsi Finance Short-term loan

    Letsatsi Financ...

    • Loans up to R7,000
    • Term up to 6 months
    • Interest up to 60%
  8. JustMoney Short-term loan


    • Loans up to R300,000
    • Term up to 72 months
    • Easy repayments
  9. FNB Short-term loan


    • Loans up to R360,000
    • Term up to 60 months
    • Interest from 10.5%
  10. Mulah Short-term loan


    • Loans up to R8,000
    • Term up to 3 months
    • Interest from 60%
  11. ABSA Short-term loan


    • Loans up to R350,000
    • Term up to 84 months
    • Interest from 17.5%
  12. Lamna Short-term loan


    • Loans up to R7,000
    • Term up to 24 months
    • Interest from 36%
  13. Mr Cash Loans Short-term loan

    Mr Cash Loans

    • Loans up to R8,000
    • Term up to 6 months
    • Interest from 28%
  14. Cobol Short-term loan


    • Loans up to R3,000
    • Term up to 6 months
    • Interest from 124%
  15. Small Enterprise Finance Agency Short-term loan

    Small Enterpris...

    • Loans up to R4,000
    • Term up to 56 days
    • Interest from 60%
  16. Credit Genie Short-term loan

    Credit Genie

    • Loans up to R150,000
    • Low interest rates
    • Flexible repayment terms
  17. Little Loans Short-term loan

    Little Loans

    • Loans up to R5,000
    • Term up to 6 months
    • Interest from 36%
  18. Thuthukani Financial Services Short-term loan

    Thuthukani Fina...

    • Loans up to R4,000
    • Term up to 42 days
    • Interest from 60%
  19. Xcelsior Short-term loan


    • Loans up to R500,000
    • Affordable loans
    • Interest from 20%
  20. Binixo Short-term loan


    • Loans up to R9,000
    • Term up to 65 days
    • Interest from 10.5%
  21. Izwe Short-term loan


    • Loans up to R250,000
    • Term up to 60 months
    • Interest from 27.75%
  22. MBC Finance Short-term loan

    MBC Finance

    • Loans up to R4,000
    • Term up to 30 days
    • Interest from 32%
  23. Friendly Finance Short-term loan

    Friendly Financ...

    • Loans up to R5,000
    • Term up to 6 months
    • Interest from 60%
  24. Policy Trader Short-term loan

    Policy Trader

    • Policies for cash
    • Apply online
    • Affordable repayment terms
  25. Dunami Short-term loan


    • Loans up to R5,000
    • Term up to 6 months
    • Interest from 212%
  26. Easy Payday Short-term loan

    Easy Payday

    • Loans up to R2,500
    • Term up to 30 days
    • Affordable loans
  27. Lifestyle Personal Finance Short-term loan

    Lifestyle Perso...

    • Loans up to R15,000
    • Term up to 12 months
    • Interest from 23%
  28. Bridge Loans Short-term loan

    Bridge Loans

    • Loans up to R7,100
    • Term up to 6 months
    • Apply 100% online
  29. ZAR Financial Short-term loan

    ZAR Financial

    • Financial freedom
    • Budget planning
    • Reliable guides
  30. Wanna Loan Short-term loan

    Wanna Loan

    • Loans up to R3,000
    • Term up to 37 days
    • Interest from 60%
  31. InstaLoan Short-term loan


    • Loans up to R5,000
    • Term up to 6 months
    • Interest from 110%
  32. Kathlego Cash Loans Short-term loan

    Kathlego Cash L...

    • Loans up to R200,000
    • Low interest rates
    • Affordable repayments
  33. Loan Tracer Short-term loan

    Loan Tracer

    • Loans up to R150,000
    • Term up to 60 months
    • Interest from 10.71%
  34. Loan Spotter Sa Short-term loan

    Loan Spotter Sa

    • Quick online application
    • Affordable interest rates
    • Flexible repayment terms
  35. Loan Match SA Short-term loan

    Loan Match SA

    • Quick online application
    • Affordable interest rates
    • Flexible repayment terms
  36. Dube Loans Short-term loan

    Dube Loans

    • Easy online application
    • Affordable loan interest
    • Flexible repayment terms