R4 000
Loan amount
R500 - R4 000
Interest
18,6 %
Maturity
4 days - 6 months
Fast information
Properties of this loan
Online loans up to R4.000
Term 4 days - 6 months
Loan requirements
A cellphone number
SA ID number
Bank account details
Most recent proof of income
Borrow from R500 with interest from the 18,6 %
Moread
R3 000
Loan amount
R500 - R3 000
Interest
25,8 %
Maturity
5 - 37 days
Fast information
Properties of this loan
Online loans up to R3.000
Term 5 - 37 days
First 5 days interest free
Loan requirements
Presence of client ID
Current account number in an African bank
Minimum application criteria
Borrow from R500 with interest from the 25,8 %
Moread
R250 000
Loan amount
R1 000 - R250 000
Interest
20 %
Maturity
6 - 84 months
Fast information
Properties of this loan
Online loans up to R250.000
Term 6 - 84 months
Loan requirements
A copy of your I.D.
Your most recent monthly bank statements
A copy of your most recent pay slip
Proof of residence (not more than three months old)
Borrow from R1 000 with interest from the 20 %
Moread
R4 000
Loan amount
R100 - R4 000
Interest
24,31 %
Maturity
2 - 36 days
Fast information
Properties of this loan
Online loans up to R4.000
Term 2 - 36 days
Loan requirements
Phone number
E-mail
ID number
Borrow from R100 with interest from the 24,31 %
Moread
R250 000
Loan amount
R0 - R250 000
Interest
27,75 %
Maturity
12 - 60 months
Fast information
Properties of this loan
Online loans up to R250.000
Term 12 - 60 months
Cash in your account within 24 hours
Loan requirements
Be 18 years or older
Have a valid SA ID or Drivers License
Have a bank account
Be employed and earn R2 000 or more per month
You will be required to provide proof of income documentation
Borrow from R0 with interest from the 27,75 %
Moread
R250 000
Loan amount
R10 000 - R250 000
Interest
15 %
Maturity
7 - 72 months
Fast information
Properties of this loan
Online loans up to R250.000
Term 7 - 72 months
Cash in your account within 24 hours
Loan requirements
Most recent proof of income, reflecting 3 salary deposits
You must be over 18 to apply for a Loan
Proof of residence not older than 3 months
Latest bank statement, reflecting 3 salary deposits
Borrow from R10 000 with interest from the 15 %
Moread
R200 000
Loan amount
R2 000 - R200 000
Interest
27,5 %
Maturity
1 - 84 months
Fast information
Properties of this loan
Online loans up to R200.000
Term 1 - 84 months
Loan requirements
You need to be at least 18 years old
You need to be earning at least R2 500 per month
The term of your loan must end before you turn 60 years of age
Borrow from R2 000 with interest from the 27,5 %
Moread
R5 000
Loan amount
R1 000 - R5 000
Interest
3 %
Maturity
6 months
Fast information
Properties of this loan
Online loans up to R5.000
Term 6 months
Easy application
Loan requirements
Latest payslip and 3 months bank statements
Or last 3 payslips
Borrow from R1 000 with interest from the 3 %
Moread
R200 000
Loan amount
R5 000 - R200 000
Interest
27,75 %
Maturity
1 - 7 years
Fast information
Properties of this loan
Online loans up to R200.000
Term 1 - 7 years
Quick application
Loan requirements
Have and Identity Document of the Republic of South Africa
Be over 18 years old
About company
More information about the company DirectChoice
Borrow from R5 000 with interest from the 27,75 %
Moread
R2 500
Loan amount
R100 - R2 500
Interest
17,96 %
Maturity
10 - 30 days
Fast information
Properties of this loan
Online loans up to R2.500
Term 10 - 30 days
Easy application
Loan requirements
Age – 18 Years or Above
South African Citizen
Must have a Bank Account
Have a Permanent Employment
Borrow from R100 with interest from the 17,96 %
Moread
R1 500
Loan amount
R200 - R1 500
Interest
32,64 %
Maturity
3 - 31 days
Fast information
Properties of this loan
Online loans up to R1.500
Term 3 - 31 days
Easy online application
Borrow from R200 with interest from the 32,64 %
Moread
R150 000
Loan amount
R1 000 - R150 000
Interest
10 %
Maturity
6 - 60 months
Fast information
Properties of this loan
Professional financial advice and tips to improve your score
Complimentary loan assist service of up to R150,000 cash
Loan requirements
Be 18 years or older
Have a valid SA ID or Drivers License
Have a bank account
Borrow from R1 000 with interest from the 10 %
Moread
R4 700
Loan amount
R500 - R4 700
Interest
38 %
Maturity
7 - 35 days
Fast information
Properties of this loan
Online loans up to R4.700
Term 7 - 35 days
Easy online application
Loan requirements
You need to be a South African citizen and above 18 years of age
You also need to be employed and have a valid bank account
About company
More information about the company Finance27
Borrow from R500 with interest from the 38 %
Moread
R8 000
Loan amount
R500 - R8 000
Interest
19,5 %
Maturity
1 - 6 months
Fast information
Properties of this loan
Online loans up to R8.000
Term 1 - 6 months
Easy online application
Loan requirements
If you’re a South African citizen (at least 18 years old) who isn’t under debt administration and has never applied for debt review, you can apply
You will need to provide us with a copy of your ID, your latest payslip, and your latest 3 months’ bank statements
Borrow from R500 with interest from the 19,5 %
Moread
R50 000
Loan amount
R5 000 - R50 000
Interest
6,3 %
Maturity
7 - 36 months
Fast information
Properties of this loan
Online loans up to R50.000
Term 7 - 36 months
Easy online application
Loan requirements
Have a South African ID Number
Be between 22 and 60 years old
Be employed full time
Have a personal bank account in your name
Have an email address and cell number
Borrow from R5 000 with interest from the 6,3 %
Moread
R8 000
Loan amount
R500 - R8 000
Interest
5 %
Maturity
1 - 31 days
Fast information
Properties of this loan
Online loans up to R8.000
Term 1 - 31 days
Multiple credit providers
Loan requirements
Your ID documents
Proof of residence
Confirmation that you’ll have ongoing employment for the duration of the loan period
Borrow from R500 with interest from the 5 %
Moread
R350 000
Loan amount
R250 - R350 000
Interest
15 %
Maturity
1 day - 84 months
Fast information
Properties of this loan
Online loans up to R350.000
Term 1 day - 84 months
Loan requirements
To earn a regular monthly income of at least R2 000 per month
To have a cheque account into which your monthly income is paid
To be 18 years or older
Borrow from R250 with interest from the 15 %
Moread
R200 000
Loan amount
R500 - R200 000
Interest
5 %
Maturity
1 - 72 months
Fast information
Properties of this loan
Online loans up to R200.000
Term 1 - 72 months
Fast application, instant approval.
Loan requirements
South African Citizen
Have a South African ID
Be permanently employed
Earn above R4,000 per month
Have a valid bank account
Borrow from R500 with interest from the 5 %
Moread
R1 000
Loan amount
R1 000 - R1 000
Interest
20 %
Maturity
5 - 40 days
Fast information
Properties of this loan
Online loans up to R1.000
Term 5 - 40 days
Easy online application
Loan requirements
Be prepared to e-mail a copy of your latest greatest bank statement
ID.
Borrow from R1 000 with interest from the 20 %
Moread
R150 000
Loan amount
R5 000 - R150 000
Interest
5 %
Maturity
6 - 72 months
Fast information
Properties of this loan
Online loans up to R150.000
Term 6 - 72 months
Easy online application
Loan requirements
Be 18 years or older
Have a valid SA ID or driver’s license
Have a bank account
Borrow from R5 000 with interest from the 5 %
Moread
R200 000
Loan amount
R5 000 - R200 000
Interest
21,9 %
Maturity
2 - 6 years
Fast information
Properties of this loan
Online loans up to R200.000
Term 2 - 6 years
Easy online application
Loan requirements
A copy of your green barcoded ID book or Smart ID card
Your last 3 months’ consecutive payslips or bank statements
Your bank account details (account into which your salary is paid)
About company
More information about the company Sanlam Group
Borrow from R5 000 with interest from the 21,9 %
Moread
R150 000
Loan amount
R100 - R150 000
Interest
34,9 %
Maturity
3 months - 6 years
Fast information
Properties of this loan
Online loans up to R150.000
Term 3 months - 6 years
Easy online application
Loan requirements
If you are a South African citizen
Over 18 years of age
Employed and banked
Borrow from R100 with interest from the 34,9 %
Moread
R150 000
Loan amount
R1 000 - R150 000
Interest
34,9 %
Maturity
3 - 72 months
Fast information
Properties of this loan
Online loans up to R150.000
Term 3 - 72 months
Fast online application
Loan requirements
SA citizen
+18 years old
Be employed
Borrow from R1 000 with interest from the 34,9 %
Moread
R150 000
Loan amount
R1 000 - R150 000
Interest
20 %
Maturity
1 - 60 months
Fast information
Properties of this loan
Online loans up to R150.000
Term 1 - 60 months
Fast application, instant approval.
Loan requirements
You must be permanently employed
You must earn over R5,000 per month
You must be aged over 18 years
Borrow from R1 000 with interest from the 20 %
Moread
R150 000
Loan amount
R500 - R150 000
Interest
12 %
Maturity
3 - 60 months
Fast information
Properties of this loan
Online loans up to R150.000
Term 3 - 60 months
Loan requirements
Your latest 3 months bank statements
Your most recent payslip(s) for one month
Your South African Identity Document
Proof of residence for Financial Intelligence Centre Act (FICA)
Borrow from R500 with interest from the 12 %
Moread
R50 000
Loan amount
R5 000 - R50 000
Interest
63 %
Maturity
7 - 36 months
Fast information
Properties of this loan
Online loans up to R50.000
Term 7 - 36 months
Loan requirements
Have a South African ID Number
Be between 22 and 60 years old
Be employed full time
Have a personal bank account in your name
Have an email address and cell number
Borrow from R5 000 with interest from the 63 %
Moread
R150 000
Loan amount
R5 000 - R150 000
Interest
27,75 %
Maturity
2 - 6 years
Fast information
Properties of this loan
Online loans up to R150.000
Term 2 - 6 years
Loan requirements
A regular monthly income of at least R5 000
A clear credit record
Your last 3 months' payslips or bank statements
A clear copy of your ID document
Details of your bank account into which your salary is paid
A recent document confirming your residential address
Borrow from R5 000 with interest from the 27,75 %
Moread
R3 000
Loan amount
R500 - R3 000
Interest
15 %
Maturity
5 - 35 days
Fast information
Properties of this loan
Online loans up to R3.000
Term 5 - 35 days
Easy online application
Loan requirements
A personal bank account, taken out in your own name, active for at least of 3 months
A contactable e-mail address that you have daily access to
A permanent job, where you earn a monthly or weekly salary - NOT fortnightly
Earning a monthly salary of at least R4 000
At least 18 (eighteen) years of age
A South African Citizen
No judgments or defaults
Borrow from R500 with interest from the 15 %
Moread
R250 000
Loan amount
R1 000 - R250 000
Interest
27,75 %
Maturity
12 - 60 months
Fast information
Properties of this loan
Online loans up to R250.000
Term 12 - 60 months
First loan strictly for women
Loan requirements
Be 18 years or older
Have a valid SA ID or Drivers License
Have a bank account
Be employed and earn R2 000 or more per month
You will be required to provide proof of income documentation
Borrow from R1 000 with interest from the 27,75 %
Moread
R2 500
Loan amount
R100 - R2 500
Interest
36 %
Maturity
30 - 60 days
Fast information
Properties of this loan
Online loans up to R2.500
Term 30 - 60 days
Online application
Loan requirements
Age – 18 Years or Above
South African Citizen
Must have a Bank Account
Have a Permanent Employment
Borrow from R100 with interest from the 36 %
Moread
R150 000
Loan amount
R500 - R150 000
Interest
10,25 %
Maturity
12 - 60 months
Fast information
Properties of this loan
Online loans up to R150.000
Term 12 - 60 months
Individual financial plan
Loan requirements
Have and Identity Document of the Republic of South Africa
Be over 18 years old
About company
More information about the company Cube Finance
Borrow from R500 with interest from the 10,25 %
Moread
R150 000
Loan amount
R1 000 - R150 000
Interest
29 %
Maturity
6 - 60 months
Fast information
Properties of this loan
Online loans up to R150.000
Term 6 - 60 months
Multiple credit providers
Loan requirements
You need to be between the ages of 18 to 65
You need to be employed at your current employer for a minimum of three (3) months
You need to earn a gross salary of R3,000 monthly
You need to have your own bank account where your salary is paid into
Borrow from R1 000 with interest from the 29 %
Moread
R250 000
Loan amount
R10 000 - R250 000
Interest
12,9 %
Maturity
1 - 84 months
Fast information
Properties of this loan
Online loans up to R250.000
Term 1 - 84 months
Easy online application
Loan requirements
Original identification document (must be 18 years or older). If your name and/or surname differs from your identification document, a marriage certificate, divorce court order or name
change letter will be required
Latest salary slip
Any original bank statement showing your latest 3 consecutive salary deposits into an account in your name (an over-the-counter bank statement must be stamped)
Borrow from R10 000 with interest from the 12,9 %
Moread
R150 000
Loan amount
R5 000 - R150 000
Interest
27,5 %
Maturity
1 - 6 years
Fast information
Properties of this loan
Online loans up to R150.000
Term 1 - 6 years
Fast application
Loan requirements
You need to be a South African citizen and above 18 years of age
You also need to be employed and have a valid bank account
Borrow from R5 000 with interest from the 27,5 %
Moread
R5 000
Loan amount
R300 - R5 000
Interest
1,5 %
Maturity
7 - 30 days
Fast information
Properties of this loan
Online loans up to R5.000
Term 7 - 30 days
Money in 15 minutes
Loan requirements
South African ID
Be over 18 years of age
Have a bank account
Have an internet access
Borrow from R300 with interest from the 1,5 %
Moread
R50 000
Loan amount
R1 000 - R50 000
Interest
60 %
Maturity
1 - 12 months
Fast information
Properties of this loan
Online loans up to R50.000
Term 1 - 12 months
Loan requirements
You must be between the ages of 18 and more
Be the SA resident
Your salary must be paid directly into your bank account
Borrow from R1 000 with interest from the 60 %
Moread
R300 000
Loan amount
R500 - R300 000
Interest
5 %
Maturity
1 - 7 years
Fast information
Properties of this loan
Online loans up to R300.000
Term 1 - 7 years
About company
More information about the company Loans Finder
Borrow from R500 with interest from the 5 %
Moread
R300 000
Loan amount
R2 000 - R300 000
Interest
5 %
Maturity
1 - 10 years
Fast information
Properties of this loan
Debt Consolidation
Simplify your monthly payments today
Loan requirements
RSA barcoded ID book
Proof of income (salary advice)
List of deductions
List of household expenses
Dependants
List of all your creditors and debt
Borrow from R2 000 with interest from the 5 %
Moread
R100 000
Loan amount
R500 - R100 000
Interest
10 %
Maturity
1 - 36 months
Fast information
Properties of this loan
Online loans up to R100.000
Term 1 - 36 months
Loan requirements
Original SA ID
2 months latest payslips
3 months latest bank statements
Borrow from R500 with interest from the 10 %
Moread
R300 000
Loan amount
R500 - R300 000
Interest
10 %
Maturity
12 - 72 months
Fast information
Properties of this loan
Personal loans up to R300.000
Term 12 - 72 months
Loan requirements
SA ID number
Proof of residence not older than 3 months
1 month's payslip
Borrow from R500 with interest from the 10 %
Moread
R5 400
Loan amount
R300 - R5 400
Interest
1 %
Maturity
5 - 35 days
Fast information
Properties of this loan
Online loans up to R5.400
Term 5 - 35 days
Loan requirements
Have and Identity Document of the Republic of South Africa
Be over 18 years old
Have a South African bank account and access to the internet
Borrow from R300 with interest from the 1 %
Moread
R250 000
Loan amount
R5 000 - R250 000
Interest
36 %
Maturity
2 - 36 months
Fast information
Properties of this loan
Online loans up to R250.000
Term 2 - 36 months
Loan requirements
Presence of client ID
Current account number in an African bank
Minimum application criteria
About company
More information about the company XCELSIOR
Borrow from R5 000 with interest from the 36 %
Moread
R300 000
Loan amount
R500 - R300 000
Interest
10 %
Maturity
12 - 72 months
Fast information
Properties of this loan
Personal loans up to R300.000
Term 12 - 72 months
Loan requirements
Copy of your ID Number
Cellphone number
Bank account
Borrow from R500 with interest from the 10 %
Moread
R10 000
Loan amount
R100 - R10 000
Interest
12 %
Maturity
1 - 12 months
Fast information
Properties of this loan
Online loans up to R10.000
Term 1 - 12 months
Quick application
Loan requirements
A copy of your I.D.
Your most recent monthly bank statements
A copy of your most recent pay slip
Proof of residence (not more than three months old)
About company
More information about the company Mafori
Borrow from R100 with interest from the 12 %
Moread
R200 000
Loan amount
R1 000 - R200 000
Interest
34,85 %
Maturity
9 - 60 months
Fast information
Properties of this loan
Online loans up to R200.000
Term 9 - 60 months
Loan requirements
ID or a certified copy of your ID
Three latest pay-slips
One month’s bank statement
Proof of residential address
Affordability assessment
Borrow from R1 000 with interest from the 34,85 %
Moread
R8 000
Loan amount
R100 - R8 000
Interest
0,17 %
Maturity
1 - 6 months
Fast information
Properties of this loan
Personal loans up to R8.000
Term 1 - 6 months
Loan requirements
SA ID number
Proof of residence not older than 3 months
1 month's payslip
Borrow from R100 with interest from the 0,17 %
Moread
R250 000
Loan amount
R10 000 - R250 000
Interest
27,5 %
Maturity
12 - 72 months
Fast information
Properties of this loan
Online loans up to R200.000
Term 12 - 72 months
Loan requirements
A South African ID
A minimum income of R4,000 per month
You will also need to pass a credit check
You must not be undergoing debt counselling
About company
More information about the company Olico
Borrow from R10 000 with interest from the 27,5 %
Moread
R50 000
Loan amount
R10 000 - R50 000
Interest
27 %
Maturity
12 - 72 months
Fast information
Properties of this loan
Online loans up to R50.000
Term 12 - 72 months
Loan requirements
ID (South African)
Over 18 years of age
Last 3 receipts of payment
Latest bank statements (3)
Proof of residence
Borrow from R10 000 with interest from the 27 %
Moread
R2 500
Loan amount
R500 - R2 500
Interest
20 %
Maturity
1 - 3 months
Fast information
Properties of this loan
Online loans up to R2.500
Term 1 - 3 months
Loan requirements
3 months up to date bank statements
Latest payslip
ID copy
Borrow from R500 with interest from the 20 %
Moread
R7 200
Loan amount
R800 - R7 200
Interest
30 %
Maturity
61 — 65 days.
Fast information
Properties of this loan
Car loans up to R7 200
Term 61 — 65 days.
Loan requirements
ID or a certified copy of your ID
Three latest pay-slips
One month’s bank statement
Proof of residential address
Affordability assessment
About company
More information about the company Finance 27
Borrow from R800 with interest from the 30 %
Moread
R4 000
Loan amount
R100 - R4 000
Interest
5 %
Maturity
1 – 31 days
Fast information
Properties of this loan
Online loans up to R4.000
Term 1 - 31 days
Loan requirements
ID client number
Bank finance details
Recent three month bank statement
Borrow from R100 with interest from the 5 %
Moread
R75 000
Loan amount
R1 000 - R75 000
Interest
10 %
Maturity
12 - 60 months
Fast information
Properties of this loan
Online loans up to R75.000
Term 12 - 60 months
Fast online application
Loan requirements
Be 18 years of age or older
Have a valid South African ID
Latest 3 payslips or the last three months' bank statements
Have a bank account in your name
About company
More information about the company Unifi Credit
Borrow from R1 000 with interest from the 10 %
Moread
R8 000
Loan amount
R800 - R8 000
Interest
5 %
Maturity
61 — 65 days
Fast information
Properties of this loan
Online loans up to R8.000
Term 61 - 65 days
Loan requirements
ID client number
Bank finance details
Recent three month bank statement
Borrow from R800 with interest from the 5 %
Moread
In the old days, a loan shark would have been your only recourse. Today you can access cheap, quick loans online. Is there any difference between these online loans and traditional bank loans? You might now be asking: is there any difference between these online loans and traditional bank loans? Yes!
Availability
The banking industry has always been wary. Not everyone can access personal loans from banks. Online lenders, on the other hand, are more open to offering personal loans to their clientele. Most of these are unsecured loans. Since they are unsecured, the loans typically come with higher interest rates than bank loans. Online loans are therefore available to previously unbanked sections of the population who cannot access bank loans.
Speed and Convenience
Traditional bank loans typically require you to pay a visit to the bank’s physical location. However, for people who need urgent payday loans , this may not always be possible in their moment of need. The beauty of online loans is the ability to access them from anywhere and at any time, provided you have internet access. You can be in your bed, dressed in pajamas, in the middle of the night, and still get a quick loan from an online lender using your smartphone. Furthermore, many online lenders do not perform a “hard” credit check. As a result, you are able to get the loan faster.
Lower Fees, but Interest Rates May Be High
Banks are expensive to run. The brick-and-mortar locations rack up expenses like rent, furniture, equipment, salaries, and so forth. They have far more employees than online lenders. As a result, banks need more money from their customers and the loan fees are therefore going to be higher than those of online lenders.
Online lenders have fewer expenses, and their loan fees are therefore lower. However, online lenders typically provide unsecured loans. Such loans are high-risk to the lender because borrowers do not put up any collateral. As a result, online loans incur much higher interest rates than bank loans. In exchange for quick availability and convenience, most people are willing to endure the high interest rates. To find out how much money you can get at what interest, type “urgent loans calculator” in the search bar and refine the key words to find a lender that enables you to calculate loan eligibility and interest in advance.
Creative Approaches
Online lending has more freedom to experiment than traditional lending. Take as an example: peer-to-peer lending. This is a model which enables users of the platform to earn interest by lending money directly to other users
Wrapping It Up
In many ways, online loans are more attractive than bank loans. However, there are quite a few unethical online lenders in the market. Do your due diligence before trying to access a loan from a particular online lender.
Loans Online
rating:
4.5 /5 from
19 votes.
Lincoln Ndirangu (
LinkedIn )
Lincoln Ndirangu is a professional freelance web copywriter based in Nairobi, Kenya. For over 7 years, writing for the web and engaging the online audience has been primary focus and passion.
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