Payday Loans South Africa

Payday Loans South Africa

Payday loans are another type of credit given to people who are able to prove that they have stable income. This is necessary because it helps the creditor to ascertain that his money will be paid back.

Payday Loans Definition

Payday loans are a type of financial assistance that is given to people as a once off loans. The repayment period is just one month and is deducted from the applicants salary.

Payday loans are becoming very popular after new credit regulations were introduced. It is not very clear as to why many people are opting for this kind of loans. There are quiet few lenders who are opened their door for payday loans.

Advantages of Payday Loans

The advantage of this type of credit is that you take it on short term bases. You will not have a long term obligation to the lender. You only need to prove that you are employed and you earn a salary. During the agreement, you agree that the lender can debit your account the entire money you are requesting. Interest is charged on that once of payment.

Letsatsi Finance and Loans

This lender gives payday loans up to R8000. The repayment period for this assistance is one months. Other financial service offered by Letsatsi are short term and long term loans, debt consolidation and payday loans. Letsatsi has branches in all provinces in South Africa.

Letsitsa 222 Rivonia Rd, Crn Alon & Michelle Str, Morningside Close Office Park, Unit F, Morningside, Sandton

Wonga Loans

Wonga offers small loans up to R3000 on a once off repayment plan. With Wonga you get to compare financial assistance from various creditor who might want to lend you money. The website provides advanced tools that makes it easier to find what you are looking for online.

Wonga Finance SA (Pty) Ltd. Physical Address: 1st floor, 33 Bree Street, 8001, Cape Town, South Africa. Telephone: 0861 966 421


If you are looking for a quick and easy loan for payday, Powerloans can help you. With Powerloans you can get an online cash loan in minutes with up to 6 months to pay. Loan calculators are also provided as tools to help you calculate your repayment.

Easy Pay Day

Easy payday provides loans up to R2500 on payday terms which are normally a month long repayment term. There are no credit checks performed and no documentation is required in order to approve your application. Your cash will be in your account within 24 hours from the time your application is approved.

Dube Payday Loans

Applications are guaranteed to be approved in less than an hours as long as correct information is captured. Returning applications do not get subjected to the same process and are much quicker.

Application can also be submitted online via a simple form and a consultant will then return a call. Loan documentation required are your ID copy, your 3 months bank statement and your recent pay slip. Once a loan agreement is signed then your payday loans will be in your account the same day.