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Payday loans online

Flexible loan
  • up to 5 400 R First loan
  • 300 R - 5 400 R Amount
  • 18 - 75 Age
  • 5 days - 37 days Term

Loan amount: 5400 R. Max loan term: 37 days. Max APR: 74.9%. Company: Lime Loans South Africa (PTY) LTD. More information on the lender's home page.

Payday loans online - what you need to know

Want to get a loan online without overpaying? Use our payday loan comparison section to find the cheapest and most advantageous loan in just a few minutes. Compare loans and get money today!

In today’s world you may need money urgently at any time. An urgent monetary requirement can upset entire financial planning. In such situations, the best solution may be a payday loan.

Online loan is a loan that you can apply online directly without visiting the lender's office physically. Communication between the borrower and lender will be done online throughout the loan application process. Most online loans are unsecured and will only require minimal documentary requirements. Sounds great, right? The release of funds is also very convenient as it is directly transferred to your bank account or debit card. However, compared to the conventional personal loans offered by banks or private lenders, the loan amount, especially for first time, may not be large.

Payday loans offer many benefits because otherwise they would not have gained so much popularity in the society.

Why do people take payday loans?

Usually, people take loans online when the out of the pocket expenses exceed their regular savings. For example, if you had to spend a substantial amount on your pet’s treatment, your financial reserves for credit card payments will become inadequate, at least for the month. 

These are common reasons for the South Africans to arrange a loan: 

  • Paying Bills. If you are having difficulties paying your bills, a payday loan can help. You can pay utility bills, TV and Internet bills, and more. The main thing is not to do this every month!
  • Vacation Expenses. Go on the vacation of your dreams! Relax in a luxury hotel - you deserve it! A vacation loan will allow you to rest properly and restart work with new energy.
  • Appliance purchases. Allow yourself the appliances you have always dreamed of! You can get a phone loan or a TV loan, buy the best refrigerator, air conditioner, or tablet. Upgrade your gadgets and devices!

Your loan, your terms. Remember: your time is money. It only takes a few minutes to apply online.

Things to look out for when choosing a lender online

When choosing a lender online, pay attention to:

  • The maximum amount of the first loan offered by the selected lender;
  • Minimum and maximum loan amountAge restrictions;
  • Loan repayment term;
  • Annual Percentage Rate (APR);
  • Lender's business hours;
  • And other relevant criteria.

Payday loan without a job

Is an online loan without a job possible at all? Yes, such a loan is possible. It is not an easy mission to get a loan if you do not have a job in the South Africa, even if you have a job with a low or irregular monthly salary, it remains difficult. But as we all know, the critical financial emergencies in life must always be expected for which you need the help of the quick loan. But how can you get the quick loan if you are unemployed?

There are a number of companies from which you can get your loan, each company has its own policies and methods of application, so it is very likely that one of the lending companies will issue you a loan.

Payday loan in 15 minutes

Nowadays, people's lives are moving at a fast pace, so many of us try to do things as quickly as possible, so one of the advantages of payday loans is the time to get a loan, because the loan can be processed and received in a few minutes, which is a very important factor. When borrowing from a bank, this process usually takes more time, and obtaining a loan can take several days or weeks.

If your and the lender's bank account are in the same bank, it will speed up the process considerably, and you will be able to receive money in your bank account immediately. If your and the lender's banks are different, you will most likely only receive the loan the next day.

Conditions of receiving a loan

Each lender individually determines its own conditions. For example, there are lenders who issue loans from the age of 18, but there are those who offer loans to people who are at least 20 years old. This is also one of the reasons why it is desirable to make a loan comparison beforehand, because only in this way it is possible to find out whether you comply with the principles set by the lender.

What you will need:

  • A cellphone number;
  • SA ID number;
  • Bank account details;
  • Most recent proof of income.

What is worth remembering about payday loans? Important tips

  • The amounts of payday loans are typically small, the repayment term is short, but the interest rates are much higher than other types of loans, so it is important to repay the loan on time.
  • Use a payday loan for unplanned expenses: to pay bills, to repair a car, etc. Never borrow a payday loan to fulfill your dreams or desires. You can do this from your savings. If you do not have savings yet, then it is time to create them.
  • You can get a loan very quickly - in an average of 15 minutes, without leaving home, which significantly facilitates the process of receiving money.
  • The loan can be obtained without interest, without overpaying.

How MyCredy works?

MyCredy is designed to be simple and fully understood by everyone who uses it, so using MyCredy will definitely not be a problem.

  • Choose the appropriate financial category / area (you need to understand which of the financial solutions you need - payday loan, personal loan, etc.)
  • Compare all the companies' offers (for the comparison to be effective enough, all the companies' offers must be evaluated).
  • Fill in the application on the website of the selected company and wait for the decision.
  • Someone definitely may be wondering how much it costs to use MyCredy. With MyCredy, you will not be charged any additional fees - so you can use it completely free of charge.

We humans are different, so each of us has our own rhythm and order of life. For this reason, the financial service MyCredy is available at any time. Its operation is provided 24 hours a day, 7 days a week, so you can make the comparison at your convenience.

Every day we help countless clients to find the most advantageous and suitable financial solution - we can also help you!


Save your time and money with MyCredy!