Are you looking for cash loans in South Africa? RandWallet is your one-stop shop for online cash loans. You can get a cash loan quickly and easily. Apply online now to get money in your bank account to use for any legitimate purpose. 

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How It Works

RandWallet makes it easy to get the cash you need when you need it the most.

» Apply Now!

Complete the quick and easy online application form in minutes. You only need to submit one application form to get multiple offers from up to 11 different lenders and banks.

» Compare Offers!

Get loan offers immediately after applying. Compare loan offers in one place by considering interest rates, fees, loan amount, repayment period, and other factors that matter the most to you.

» Get Your Cash!

Once you accept an offer and finalise your loan application, your cash will be directly deposited into your bank account soon after approval. It’s now your money – you decide how best to use it.

✅ Need a cash loan in South Africa?

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What Kind of Cash Loan Are You Looking For?

You can find all types of cash loans in South Africa, from personal and payday loans to instant loans and cash advances.

1 Month Loan

When you need a 1 month loan, we’re usually talking about small amounts, ranging from R500 to R4000. Since the minimum repayment period is one month, this option works like a traditional payday loan, where you pay back the full amount in one instalment. 

One month loans typically have higher interest rates than longer-term loans. Therefore, it’s best to pay off the debt quickly instead of rolling over the loan or applying for a top-up loan.

6 Month Loan

A 6-month loan is money that you borrow for a period of 6 months. This type of loan typically doesn’t involve a lot of money and can either be a payday or personal loan. 

Some payday lenders offer loans of up to six months, and most personal loan lenders have minimum repayment periods of six months. However, a personal loan is often the best option because personal loans tend to have lower interest rates. Fees include an initiation fee and a monthly service fee.

Online Loans

Online loans in South Africa are easily available via the internet, whether you’re looking for a personal or payday loan. This type of credit is a top option for borrowers looking for extra cash. The application process is convenient, fast, and straightforward. 

You can apply online with a wide range of lenders. It’s possible to get approved within minutes and get cash without setting foot inside a branch. 

Payday Loans

A payday cash loan is a type of short term loan that comes with high interest rates. People take out payday loans when they need immediate funds. Lenders offer fast and easy approval in exchange for high rates and fees. 

The majority of payday loans in SA offer up to R4000 with maximum repayment periods of 3 months for new clients. Returning clients can qualify for up to R8 000 over 6 months.

Cash Advance Loans

Cash advance loans also fall under short term loans, usually available from alternative lenders. The term cash advance is often interchangeable with payday loans. Like payday loans, cash advances generally carry high interest rates and fees. 

They also feature quick approvals and fast funding. However, the debt must be paid back in one instalment on the agreed repayment date. Otherwise, you might end up trapped in an expensive debt cycle or paying more than the original loan amount in interest, fees, and other costs.

Short Term Loans

Short term loans are designed to cover a temporary financial need. A short term cash loan is a valuable option, especially if you find yourself with a momentary and sudden cash flow issue. In most cases, short term loans need to be paid off within 3–6 months. 

Since they need to be paid off quickly, short term loans typically involve small loan amounts. This ensures that the monthly repayment(s) is more affordable.

Instalment Loans

Instalment loans allow you to borrow a lump sum and repay it over a set period. The repayment period for instalment loans depends on the type of credit. Payday loans are usually repaid over 1–3 months, while personal loans have repayment periods ranging from 12 to 72 months.

Instalment loans from personal loan lenders are often used to make major purchases and long-term expenses like debt consolidation, a car, a wedding, or home improvements.

Instant Loans

Strictly speaking, no lender can offer instant money into your bank account. However, some lenders offer almost instantaneous funding. If you need funds in a hurry, it’s to be expected that you’ll look for the easiest loans to get immediately. 

Some of the easiest loans to get approved for are payday loans. Payday lenders offer fast approval and in some cases, the money can be transferred to your account within minutes.

Same Day Loans

Same-day loans allow borrowers to get money on the same day they apply for a loan. This type of credit can be a lifesaver when you need to meet urgent financial needs or unexpected expenses. You can usually get a same-day cash loan from payday lenders. 

However, the benefit of fast approval and funding comes at the cost of excessive fees and interest rates. As a result, you should only choose this option as a last resort.

Quick Loans

You can get funding in a few hours, on the same day, the next day, or in a few business days. Lenders usually offer smaller loan amounts that can be processed in a short time. 

The major benefit of quick loans in South Africa is that you get the financial relief you need when faced with an emergency. Be sure to compare loans and check funding timelines before applying.

Easy Loans

Alternative lenders in South Africa make life easy for borrowers by offering easy approval. Many borrowers find themselves dealing with all sorts of financial difficulties. When life happens, it can be a great relief to get easy access to credit. 

You can apply for an easy cash loan online 24/7 and get fast approval. Lenders that offer this type of loan often have more flexible requirements than regular banks and lenders. 

Fast Loans

Fast loans are one way to pay for unexpected expenses and financial emergencies. The best way to get an immediate cash loan is to apply with an online lender. Online lenders allow you to submit an application, upload documents, and sign your loan contract entirely online. 

They use proprietary technology to ensure fast and efficient loan processing. Funding time after approval varies from the same day to a few business days.

Small Loans

There are many situations where you only need a small loan amount to cover the cost of things like groceries, transport, or car repairs. Small loans usually start from as little as R100. They can be obtained from payday lenders. 

The problem with small personal loans is that they often have high borrowing minimums. So, if you only need a small amount, you may be better off getting a payday loan and paying it back quickly. It’s better than borrowing more than you need.

Urgent Loans

Do you need an urgent loan? An unsecured personal loan can help you fund unexpected situations. Urgent loans are designed to be swift, and the lender should transfer cash into your bank account within a day or two of approval. 

For the best results, try to get an urgent loan online. A digital, paperless, and online approach ensures you get the money you need without visiting a branch.

Emergency Loans

Emergency loans in South Africa are designed for those unplanned situations when you’re faced with unexpected expenses. For example, you may need to cover medical bills or critical car repairs. Your two main options are personal and payday loans. 

The advantage of personal loans is that they offer lower rates and larger loan amounts. On the other hand, payday loans offer fast approval and funding but are more risky because of higher interest rates.

Bad Credit Loans

Loans for bad credit are available to borrowers with poor credit histories. Although you may qualify with a low credit score, the interest rate you get will likely be on the high end. 

In addition, the lender won’t give you a lot of borrowing power, so you get a smaller loan amount than what you asked for. It’s important to make payments on time to start improving your credit rating.

Legit Loans

When applying for a loan online, it’s essential to stick to reputable lenders. Check that you’re dealing with an authorised financial services and registered credit provider before applying. Companies that offer loans in South Africa must be registered with the National Credit Regulator. 

The good news is that there are many legit online loans. It’s also easy to verify a lender’s regulatory compliance. Getting a legit cash loan protects you from scams and predatory interest rates and fees.

Cash Loans In South Africa | R500 – R250 000

Need to borrow money? Loan amounts range from R500 to R250,000, available from online lenders. That means you can apply for larger loans and micro loans online in South Africa.

The best loan amount for you is one that you can afford to repay. So consider your monthly income and expenses. Lenders carry out affordability checks to ensure responsible lending, so it’s best to choose the right loan amount. 

Also keep in mind that even if you can afford it, you should only borrow what you need. Remember that the money comes with extra costs, so it’s essential to only apply for a loan when it’s strictly necessary.

R500 Loan

Are you thinking to yourself, “I need R500 now!”? You can apply for a R500 loan online to help solve your problems. Many payday lenders are quick to approve loan applications for such small amounts. R500 loans are typically repaid within a few days or weeks in one instalment.

R1000 Loan

A R1000 loan usually refers to payday loans, which can offer easy approval and quick payouts. You can think of a R1000 loan as a cash advance that you usually repay in one or two instalments. Payday loans for such a relatively small amount may be available to borrowers with bad credit.

R1500 Loan

A R1500 loan is also another payday loan amount you can access online. You can use the lump sum to cover unexpected expenses, such as utility costs and groceries. People with good or bad credit can apply for R1500 loans and get the cash, usually on the same day, the next business day, or sooner.

R2000 Loan

To get a R2000 loan online from payday lenders, all you have to do is click Apply and complete the application process. If you qualify, the lender will contact you with a quote. Be sure to check the interest and fees. Keep in mind that R2000 loans from payday lenders typically have higher interest rates than personal lenders.

R2500 Loan

When you apply for a R2500 loan online, you might have better luck with a payday lender. That’s because personal loan lenders may have high borrowing minimums – as high as R10 000. R2500 loans are generally classified as small, short-term loans, and this is the type of loan that microlenders specialise in.

R3000 Loan

A R3000 loan can be a lifesaver when you’re faced with a critical financial situation. It’s essential to access fast cash when you need it the most. For many South Africans, R3000 loan payday lenders are the top choice to get cash quickly, especially if you have bad credit.

R4000 Loan

Whatever your reasons for applying for a R4000 loan, this amount could be exactly what you need for unexpected expenses. It’s easy to qualify for R4000 loans online. Borrowers simply need to prove that their monthly income is sufficient to afford the repayments.

R5000 Loan

You can apply for a R5000 loan from a payday or personal lender. There are advantages to both options. R5000 loans from payday lenders often come with fast approval and funding. On the other hand, personal loan lenders typically offer lower interest rates and more flexible repayment terms.

R6000 Loan

Looking for a quick, easy, hassle-free loan for 6000 rands? You can get R6000 loans online, whether it’s a cash advance or personal loan with a low interest rate and initiation fee. Worried that your score will affect your chances for a R6000 loan? Fortunately, it’s possible to qualify for a R6000 loan for bad credit. 

R7000 Loan

A fast way of getting a R7000 loan is by completing an online application form with a loan comparison service like RandWallet. Your application will be seen by many direct lenders willing to provide R7000 loans to qualifying borrowers. The next step is comparing loan offers and choosing the best option for you.

R8000 Loan

An R8000 loan is usually the maximum amount you can get from a payday lender. Even then, most payday lenders will only approve returning clients with a solid trust rating. Borrowers with good credit can easily qualify for R8000 loans from personal loan lenders, with lower rates and flexible terms.

R9000 Loan

You can use a R9000 loan to cover a wide range of expenses, such as debt consolidation, buying a new smartphone, or paying for home improvements. R9000 loans are available from banks and several online lenders. Online lenders offer convenience and make it easy to access credit.

R10 000 Loan

The requirements for getting a R10 000 loan are much the same as any other loan amount. You’ll need to have good credit to access the best loan terms. In most cases, R10 000 personal loans are unsecured, so you won’t need to provide any collateral. Repayment periods typically range from 6 months to 2 years or more.

R15 000 Loan

When you apply for a R15 000 loan online, you ideally want the lowest rate possible. That means doing your research and comparing R15 000 personal loans from as many lenders as possible. Compare interest rates, fees, and other perks just like you shop around for the best deal when making purchases.

R20 000 Loan

Finding the best R20 000 loan for you mainly involves checking interest rates and fees. There are plenty of options for R20 000 loans. Doing your diligence could save you money by reducing borrowing costs. With a R20 000 personal loan, you can achieve a significant goal or make a large purchase sooner rather than later. 

R25 000 Loan

A R25 000 loan is quite a substantial amount of money by many South Africans’ standards. The funds can cover debt consolidation and a wide range of major purchases. Many lenders offer R25 000 personal loans, but not all providers are created equal. It’s essential to do your homework, so you can make informed decisions.

R30 000 Loan

Wondering how to get a R30 000 loan? The process is relatively easy and standard across many lenders. You apply online by filling out an application form with your basic information. This includes your monthly income, expenses, employment information, and your reasons for applying for a R30 000 personal loan.

R40 000 Loan

R40 000 personal loans have repayment periods ranging from 12 months to over three years. Before you apply for a R40 000 loan online, take the time to check your budget to see how much room you have. This will help you choose a monthly repayment amount you can comfortably afford.

R50 000 Loan

If you’re looking to get a R50 000 loan, the best approach is to research options available to you from various top lenders. A low interest R50 000 personal loan can help cover long term financial needs. Being able to spread out your costs makes things more affordable and helps improve your cash flow.

R100 000 Loan

One important question to ask before applying for a R100 000 loan is what your monthly payment will be. Remember that while a longer loan term gives you smaller and more affordable monthly repayments, you’ll pay more interest and fees over time. The trick is to reduce borrowing costs as much as possible.

R150 000 Loan

It’s possible to get a R150 000 loan, but it could be challenging. Lenders don’t typically approve applications for R150 000 personal loans unless you meet their strict eligibility requirements. For starters, you need to have a good or excellent credit score. You should also earn a high, regular monthly income.

R200 000 Loan

Lenders that offer R200 000 personal loans prefer dealing with low-risk borrowers. So to qualify for a R200 000 loan, you need to have a good credit history that shows you can be trusted to make repayments on time. You also need proof of income documents that prove you can afford the repayments. 

R250 000 Loan

Generally, personal loans are available in amounts of up to R250 000, depending on your credit score and your income. A R250 000 loan is designed to cover very large expenses like a car or home. R250 000 personal loans usually have flexible loan terms to ensure you can pay off the debt comfortably.

Cash Loans By Area

Looking for cash loans in South Africa? You might be looking for specific loan options in your area. The good news is that borrowers like you are getting approved across the country! Here are a few location options for cash loans in South Africa.

Cash Loans Cape Town

For residents in Cape Town, credit is easily accessible from any location in the Mother City. If you’re looking for cash loans in Cape Town, you could qualify for up to R250 000. The money is yours to use for any legitimate purpose, whether you want to consolidate debts or pay for education expenses.

Cash Loans Pretoria

If you would like to apply for cash loans in Pretoria, we recommend using a free loan comparison service like RandWallet. We will help you find the best loan solution to meet your financial needs. Our free online platform for comparing loans is available to you, regardless of where you live in Pretoria.

Cash Loans Bloemfontein

Whether you need R500 or R5000, cash loans in Bloemfontein can provide the funds you need. If you’re looking for the best cash loan in Bloemfontein, applying with an online lender could be the right move. Be it a small amount or something more substantial, you can find lenders that provide instant solutions to your loan requirements.

Cash Loans Johannesburg

Many borrowers in Jo’burg who need a loan are looking for quick and easy options. Fortunately, there are cash loans in Johannesburg that answer this description. The loans are from online lenders, who typically have flexible requirements for credit scores and paperwork. These lenders offer fast approval and funding.

Cash Loans Port Elizabeth

Many South Africans in Port Elizabeth find themselves needing a loan from time. They can’t always get credit from a bank, but alternative lenders are here to help. You can apply for cash loans in Port Elizabeth, South Africa today. You don’t even need to step foot inside a bank or join a queue to get the cash you need.

Cash Loans Durban

The cost of living across South Africa has risen noticeably over the past few years, especially in large coastal cities like Durban. Thankfully, residents of eThekwini can get some financial relief when they need it. Apply for online cash loans in Durban today if you’re at least 18 years old and are employed with a regular monthly income.

Cash Loans Midrand

Finding cash loans in Midrand could be as simple as going online and filling out a loan application form in minutes. As long as you have reached the age of majority and have been employed at your current job for 3 months, you should be able to qualify for a reasonable loan amount. Apply now to unlock loan offers.

Cash Loans Rustenburg

Online lenders offer a simple online application process that makes it easier than ever for residents to access cash loans in Rustenburg. And unlike traditional banks that demand high credit scores and tedious paperwork, online lenders also strongly consider your income and ability to repay the debt.

Cash Loans Nelspruit

Cash loans in Nelspruit work pretty much the same as your regular standard loan. You get funds in your bank account as a lump sum, and you repay the debt in steady monthly instalments with interest and fees on top. In the case of traditional payday loans, you’ll have to repay the full loan amount in one instalment.

Cash Loans Vereeniging

Where can you get cash loans in Vereeniging? We are living in modern times now, and technology can come to your rescue with the help of online lenders. You can expect a convenient online application process, fast approvals, and quick payouts from the best online lenders. Find cash loans in South Africa now. 

Cash Loans Uitenhage

You can discover multiple options for cash loans in Uitenhage quickly and conveniently with RandWallet. Many loan companies in Uitenhage are willing to offer fast, quick loans to borrowers who qualify. Fill out a loan application form now. You could have the response you need within minutes!

Cash Loans Randfontein

When you’re searching for cash loans in Randfontein, the money you need could be in your bank account with only a few clicks. You don’t have to set foot in a bank or gather a lot of paperwork to get cash in your bank account. All you need is your South African ID number and a regular monthly income to get started.

Cash Loans Kimberley

Ever wondered how cash loans in Kimberly work? The answer is surprisingly simple! Fill in the online application form, get loan offers, and choose the best offer after a quick comparison. This can all be done in the comfort of wherever you are. Online loans in Kimberly are designed to simplify your life.

Cash Loans Vanderbijlpark

Many consumers in Vanderbijlpark find themselves looking for an easy way to get extra cash to cover cash flow gaps. That’s where cash loans in Vanderbijlpark come in. These loans are from lenders who have helped many borrowers like you and have simplified the online loan application process.

Cash loans Klerksdorp

Living in Klerksdorp should not prevent you from finding the right loan for your needs. There are plenty of options for cash loans in Klerksdorp in South Africa’s online lending marketplace. The best option is to apply with RandWallet. That way, you can compare loan offers from top lenders in one place.

Apply for Cash Loans In South Africa With RandWallet Online

Cash loans in South Africa are available through digital lenders that typically provide quick approval and fast funding. RandWallet can help you find the right loan for your needs. Borrowers have to fill out a quick and easy loan application form. 

RandWallet lending partners, who are registered credit providers, will receive the application and send you loan offers if you qualify.  RandWallet is committed to helping our borrowers in getting a loan. Quick and fast online cash loans in SA are important for those with urgent expenses. 

That’s why RandWallet exists – to help you find the best cash loans and make the right money moves with your rands.

Frequently Asked Questions

Our Research Expert

Gracie Makowe

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Gracie Makowe is a full-time personal finance writer with 10 years of experience and a Bachelor of Commerce in Financial Management from UNISA. Learn more.