Quick Short Term Loans in South Africa


Do you need a quick short term loan in South Africa? We have a list of best banks and financial institutions that offer these loans without much restriction.

Customers applying for the loans receive instant cash, which are sent into their mobile phones or bank accounts.

If you wish to apply for a quick loan loan, here is a list of companies to approach.


Mobiloans is famously known for processing instant loans for applicants.

How Does It Work?

1.Sign up to start receiving loan offers.

2.Your information is securely transmitted.

3.Loan companies check your credit profile.

4.Once approved, you receive a phone call.

Only once your application has been approved, will you be contacted. You save time. Only fill out a single application!

Mobiloans transmits your personal information securely to companies that offer loans & related services.

You are applying for credit and your South African Identity Number is required.

Companies will use your id number to check your credit history.

Please use credit responsibly!


Wonga is another popular financial institution that offer loans to mobile onwers.Procedure of getting the unsecured loan follows below

Step 1:

Decide how much money you need and when you want to repay it.

Move the sliders on the homepage and decide exactly how much cash you need and after how many days you’d like to repay us. The company will show the full cost of your loan in real-time and once you’re happy click the ‘apply now’ button.

Step 2:

Complete Wonga’s secure online application form.

You will need to provide the company with your personal information on their online application form so that they can determine if you qualify for the loan you want. You will need to provide your ID number, employment details, monthly income and expenses as well as your bank account information.

Step 3:

Wonga will verify your income.

Once your loan has been approved, Wonga will need to verify your income. You will need to provide them with three of your most recent payslips or bank statements which clearly show your personal details as well as your income for the last 3 months.

Step 4: 

The money is transferred to your bank account.

Theywill be hard at work behind the scenes to verify your income and transfer the cash to your bank account. We will collect repayment from your bank account on the due date, so you just need to ensure the required funds are available.


Little loans is another company that offer quick loans to individuals with bank accounts.

Why LittleLoans

Need a fast loan up to R8,000? Not sure where to apply?

LittleLoans instantly routes your single application to over 11 lenders throughout South Africa.

Receive multiple loan offers, Select the best offer.


InstaLoan in partnership with MTN, is an international tech-based financial services company that aims to bring instant loans to those who need money in a short space of time.

InstaLoan South Africa offers a fixed monthly interest rate over the duration of your loan of 5% for new customers and 3% for existing customers.

The company offers loans of up to R5000.00 and with a minimum payment period of 61 days and a maximum payment of 180 days. Min APR of 110%. Max APR of 248%.

As a customer over a 90 day period with a loan amount of R3000.00 you will pay R416.10 initiation fee, R205.20 service fee and R347.16 interest on the loan amount. Your total repayment will be R3968.46. All fees are VAT inclusive. APR of 110%.


Low Budget Loans was established in 2004 by a group of bank managers who had a better understanding of how to provide faster / better / easier short term credit to the middle to higher income salary earner.  It rapidly became the Service Provider of choice by providing exactly this.

Low Budget Loans follows the trend that technology should provide services to all South Africans, and that the traditional footprint of offices nationwide became redundant. The company focuses on centralization by dealing only electronically in each transaction. This enables them to offer services to all South Africans nationwide.

Low Budget Loan offer loans from R500 to R3000 with repayment options from 3 – 6 months / installments.

Cellphone airtime on credit as a value added service to existing clients.


Boodle uses mobile applications of offer quick loans to mobile users. They have one of the cheapest loans in the market.


Wanna Loan offers range from R500 to R3, 000.The loans attract low interest and can be obtained in your phone few minutes upon application.

Other popular companies include,Udu,Capfin and Getbucks