Compare and decide on one of the 4 borrowing options presented
Simple and quick
Online loan 0,01%
Flexible loan
Quick Cash Now!
Explore details about the lenders
Address: Cape Town 8001, V&A Waterfront, Spaces, Dock Road Junction
Phone number: 71 868 5388
E-mail: support@lendplus.co.za
Max APR: 60%
Term: 62 days - 1 year
Loan of 4000 R for 3 months, commission 1243 R, total amount 5243 R, annual percentage rate APR 60%.
Address: -
Phone number: -
E-mail: info@dengoo.co.za
Max APR: 58.4%
Term: 62 days - 1 year
Loan of 1000 R for 3 months, commission 103.33 R, total amount 1103.33 R, annual percentage rate APR 58.4%.
Address: C505, Bridgewater 3, Century City, Cape Town, 7441
Phone number: 010 442 6722
E-mail: support@lime24.co.za
Max APR: 74.9%
Term: 62 days - 1 year
Loan of 4000 R for 3 months, commission 808.48 R, total amount 4808.48 R, annual percentage rate APR 74.9%.
Address: South Africa
Phone number: -
E-mail: info@soscredit.co.za
Max APR: 74.9%
Term: 3 months - 1 year
Loan of 4000 R for 3 months, commission 808.48 R, total amount 4808.48 R, annual percentage rate APR 74.9%.
Cash Loans in South Africa
Cash loans are a popular financial solution in South Africa for individuals who need immediate access to funds. These loans are designed to provide quick cash to cover unexpected expenses or urgent financial needs. They are typically short-term loans and are often unsecured, meaning no collateral is required.
Cash loans usually range from a few hundred to several thousand rands. The exact amount available will depend on your credit profile and the lender’s policies.
How to Apply for a Cash Loan
- Choose a lender: Select a trusted cash loan provider from our comparison list. Pay close attention to loan amounts, repayment terms, and interest rates.
- Submit your application: Complete an online form directly on the lender’s website. You’ll need to provide personal details and your banking information.
- Approval: Once your application is reviewed and approved, the lender will provide you with the loan terms and a contract to sign.
- Receive money: Receive money in your bank account.
Annual Percentage Rate (APR) and Repayment Period
Cash loans generally have repayment terms from 62 day to 12 months.
The maximum Annual Percentage Rate (APR) for cash loans is 75%. APR represents the total cost of borrowing, including both interest and fees, expressed as an annual rate. This cap is designed to protect borrowers from excessive costs, especially for short-term loans like cash loans, which often carry higher interest rates.
When considering a loan, it’s essential to understand the APR, as it gives a clearer picture of the true cost over time, helping you compare different loan offers effectively.
Additional Fees and Costs
Cash loans often come with extra fees that can increase the total cost:
- Processing fees: Some lenders may charge an upfront fee to process your loan, which is added to your total repayment amount.
- Late fees: If you miss a payment or cannot repay on time, additional charges may apply.
- Prepayment penalties: Although rare with cash loans, some lenders may charge a fee if you repay your loan early.
Always read the fine print and calculate the total cost of borrowing before taking out a cash loan.
