Need money? Online Short Term Loans up to R 30 000

Experience financial flexibility with our online short-term loans in South Africa. Unlock up to R 30,000 effortlessly. Our instant loans assure cash within 1 hour approval with no documents required. Your financial solution is just a click away.

How to Get a Short Term Loan

Our Lending Specialists will customize your loan to suit your needs, budget, and lifestyle.

How is MoneyWisely different from Others?

Money Wisely offers short term loans and payday loans,  personal loan in South Africa to people in the fair to good credit score range for purposes such as debt consolidation, handling unexpected expenses, and more. We provide lower interest rates compared to competitors, and leverage our nearly 10 years of lending experience in South Africa to assist customers in navigating financial challenges.

Our mission is to create equitable financial models that enable more people to access the funds they require quickly.

  • High Approval Rates
  • Loans Tailored to You
  • No Obligation to Accept
  • No Guarantor needed
  • No Hidden Costs or Fees
  • No Paperwork
  • Confidential & Secure
  • Same day funding

What are Quick short term loans and how do they work?

Short-term loans in South Africa are financial products to provide people with reasonably small amounts of money for a short duration 1 week to 3 months. These loans are often used to cover unexpected expenses, emergencies, or temporary financial gaps. Here's how they typically work:

Application: Borrowers can apply for short-term loans online or in person. The application process is usually quick and requires basic personal and financial information.

Approval: Lenders review the application and may conduct a quick credit check. Some short-term lenders are willing to work with people with bad credit.

Loan Terms: Short-term loans are usually repaid within a 1 weeks to 3 months, depending on the terms and conditions set by the lender. The repayment period is much shorter compared to traditional loans.

Access to Funds: If approved, borrowers can receive the funds quickly, often within a day. This makes short-term loans suitable for urgent financial needs.

3 step process fast and easy!

Fast & easy application process here

We understands the urgency of financial needs. That's why we've designed our website to be fast and user-friendly, ensuring a quick and straightforward experience for our users.


What short term loan criteria do I need to meet?

To be eligible for a online short term loan in South Africa, you need to meet the following criteria:

Age and Residency: You must be at least 18 years old and a resident of South Africa.

Source of Income: You need to have a regular source of income, which can include full-time or part-time employment with a steady income. However, people on benefits may not be eligible. Those who have had a County Court Judgment (CCJ) or declared bankruptcy in the last three years may also face eligibility challenges.

Bank Account: You should have a South Africa bank account in your name. This is necessary for the lender to deposit the loan funds and collect repayments.

Credit Check: You must pass a credit check, which assesses your credit history, searches for a history of CCJs, and determines your creditworthiness. Some lenders may have specific credit score requirements.

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Online Short Loans South Africa

What is a short term loan South Africa?
A short term loan in South Africa, also known as a cash advance or payday advance, is a short-term financial product designed to assist individuals in bridging temporary financial gaps. These loans are small amounts and are intended to be repaid on the borrower's next payday, which is why they are referred to as "payday" loans.

Payday loans are commonly used to cover unforeseen expenses such as medical bills, car repairs, or other emergencies. They are unsecured loans, meaning they do not require collateral, and they are accessible to borrowers with different credit profiles.
Will the short term loan South Africa have to be repaid on my next payday?
If you want to clear short term loan in full on your next payday, you can. However, the term for a short term loans South Africa is usually 3-months or more.

The term online short term loan shows the origins of this type of credit, which was when employees would sub money from their wages in advance.

However, this was often insufficient and left their pay packet too lite the following month, so payday loans with slightly longer repayment periods make borrowing a small amount more manageable for most people.

How long you repay the loan over will depend on the repayment period you select when applying. People usually try to pay the loan as soon as they can, without causing them more financial difficulty. This means shorter loans are often taken over a shorter period, while larger loans are more likely to be taken with a longer repayment period.
Will my application for a short term loan be accepted?
Short term loans South Africa are structured to approve applications from a broad range of individuals, making them one of the more accessible forms of credit.

They are designed to provide small amounts of money to a large number of applicants. If you've had credit challenges in the past or face certain circumstances that have led to a poor credit rating, you still have a good chance of being accepted for a short term loan.

The application process is quick and straightforward. To determine your eligibility, you'll need to complete the application process.
Can I trust the information provided by Money Wisely?
Absolutely. Money Wisely is committed to providing accurate and reliable information. Our content is created by financial experts and is regularly updated to reflect the latest industry trends and best practices.
What are the main benefits of short term loans?
The main benefits of short term loans South Africa include:Easy and Quick Application: The application process for short term loans is straightforward and Completed quickly.Fewer Eligibility Requirements: These loans fewer eligibility requirements compared to other types of loans, making them accessible to a broader range of people.

Accessible with Imperfect Credit: Payday loans provide an option for borrowing money even if you don't have a perfect credit record. Lenders often focus more on your ability to repay.

Unsecured Nature: Short term loans are unsecured, meaning you don't need to offer collateral such as property or valuables to secure the loan.

Fast Access to Funds: If your application is approved, access the instant cash loans without any documention solution to financial needs.

Flexible Repayment Options: We offer flexible repayment options, allowing borrowers to tailor the repayment schedule to their needs.
What are the disadvantages?
Disadvantages of short-term loans, such as payday loans, include:High-Interest Rates: Payday loans often come with high-interest rates, making them expensive in the short term.Late Payment Fees: Missing a repayment can lead to late payment fees, and the borrower may find themselves caught in a debt cycle.

Limited Impact on Credit Score: Payday loans usually do not positively impact your credit score, regardless of the loan amount.

Eligibility Criteria: Borrowers need to meet basic eligibility criteria, such as being over 18 years old and having a South Africa bank account.

Limited Availability for Certain Groups: Direct payday loans may not be available to certain groups, including the self-employed, unemployed individuals, and students who do not meet specific income requirements.