Find the best loan of South Africa Compare the best loans of South Africa and find the lowest rate

Short Term Loans: How to get quick Approval? Calculate

When looking for short term loans online, it is of paramount importance to have all the details at hand. These loans are ideal for many different situations like start o small busness, especially if you want to get rid of the payments earlier. Explore ATM loans, micro loans and any other sort of loan that could help you relieve your financial stress in this article.

3 Qualifying Criteria to Access Loans with 247 Loans in South Africa

There are 3 qualifying criteria to access loans at 247 loans:

  1. Being over 18 years old
  2. Having a bank account under your name
  3. Being a South African resident

Now, let us clear up that this company is not a lender, but a platform that will allow borrowers to find money lending companies with easy and safety. The advantage of this system is that you will only find loans in South Africa that are safe and provided by reliable companies that meet the standards of the National Credit Regulator.

You may be asking yourself why this is even important. Well, those companies that are not registered with the NCR are not regulated by this government agent and if something should happen, you are left alone. Also, the companies that do not comply with the NCR standards may overcharge you and many of these companies may engage in unlawful businesses.

Ok, so how do you get these incredible loans? The process is really easy and straightforward. You will need to provide 247 Loans with your personal information. Then, you will be asked to complete a form with the details about the loan you want to ask for. So, you will have to enter how much money you want and in what term. Bear in mind that with 247 Loans you will be able to find loans of up to 150,000 Rands.

The final step of this process requires nothing from you. At this point, 247 Loans gets to work and runs an analysis to find out the best loan deals for you. Once this is done, you will be shown a list of credit providers with all the information about the loan and the companies for you to choose from. 

How does the online application work for short term loans?

The online application for short term loans works the same way, generally, as the online application for long term loans. What may change is that you may be asked to provide further personal details if you pick a long term loan since you would have to make more installments. The process works in the same way as with long term loans, though:

  • You apply for a loan with a bank or company that you pick and trust

  • Then you proceed to complete the form they give you

  • You will have to provide the details they need from you

  • You will then submit it once it has been completed

Is it true that with a short term loan I can make a quick payout?

Generally, taking a short term loan means being able to pay back sooner and maybe making a quicker payout. This is not always the case, though. Payout refers to the monetary disbursement or financial return that you may have expected from an annuity or investment. It generally has to do with the percentage of the cost of your loan.

Can I ask for an ATM loan approval?

Yes. Many companies operate in this way and allow you to apply for a loan through an ATM. Generally, you will find out whether you have been approved in that exact moment or you will have to wait for a couple of minutes to find out since they are frequently immediate.

How is the small cash loans fast approval?

A fast approval for small cash loans means that you can get a loan in no time and be approved as soon as possible. Nedbank as well as Standard Bank are companies that provide clients with fast approval and small cash loans. Sometimes, for these options you need to reach the companies via phone in order to get further details regarding cash loans.

Are there any instant ATM online loans?

One of the companies that offer instant ATM loans is ABSA. This company allows you to access cash in an immediate way with an instant loan. You can apply at an ABSA automatic teller machine (ATM). The bank allows you to borrow from a minimum of R250 to a maximum of R5000 right when you need it. With ABSA, you can:

  • Apply for a loan online: this way you can avoid queues

  • Avoid all the hard paperwork that could otherwise take hours.

  • You can access the cash at any convenient time of the day for you.

Find the best loan of South Africa

Leave your comment about Lime24

Tell us your experience.

Please write constructive criticism to help other people choose better. Any inappropriate comments will not be published.

Comments about

(1 comments / 5.0 stars of 5)

See more

How does Universal Finance work with loans in South Africa?

Universal Finance is one of the companies known in South Africa to offer loans and credit protection. There is very little information about the loans they offer, but the general information available to users is the following:

  • They can carry out credit transactions for a loan that are short term

  • They can apply from a minimum of R50,000

  • The maximum clients can apply for a loan is of R8000,00

  • The repayment term can be of one month to six months

  • Clients may be charged a service fee, an initiation fee as well as an interest fee based on what is claimed in the NCA, on chapter five regarding regulations matters.

Is there a list of micro lending companies in South Africa?

In South Africa, you will see that there are certain micro lending companies that you can turn to. Micro finance South Africa is for instance a company that represents microfinance credit providers. You can get in touch with members of this company in order to find a suitable company. Letsatsi, for instance, is a micro lending company that will allow you to access different amounts and terms that suit you.

Where can I find micro loans online in South Africa?

As it was previously stated, Letsatsi is one of the companies that offer micro loans since it is a micro lending company. You can ask for the following loans there:

  • Loans of one month

  • Loans with a short term

  • Loans with a long term

  • Loans for debt consolidation

The one month loans are considered micro loans and they are repayable in a single installment once your pay date has come. These loans provide a medium or small amount of money really fast. It is a solution that is free of hassle and will help you deal with expenses that you didn’t expect, such as special event or medical emergencies. The best advantage is that you can have your loans approved within only one hour and get the cash you need in your pocket with you. You will also be assisted by professional staff.

Are there any loans with small monthly payments?

One convenient option is Letsatsi. This company offers one month loans and the payments per months for these sorts of loan are quite small. The minimum that you can apply for is of R 500, while the maximum reaches up to R 8000. They are quite convenient since you will not have such a great financial burden per month and you will be able to repay it sooner.

Are short term loans a possibility online?

Yes, they are. You can turn to any financial company or bank that provides loans and ask for it online. Technologies have changed and so have the methods for applying for a loan. Applying online is today safe and convenient, since you can actually save time by not having to wait for eternal queues to move until it is your turn to be assisted.

Can I go over Fasta Loans application to get a short-term loan?

As we are talking about short term loans, it will be useful to refer to a company that grants the shortest-term loans in the market: payday loans. At Fasta loan application, you can request to be lent 8 thousand rands to give back in one, two or three installments. This can be a good experience for those trying to get money fast just to get through a rough patch. This means, when you’re short of money, but you know in a couple of months you’ll get your financial straight back again.

Before applying at Fasta, you can calculate your monthly payments depending on the loan term you choose to compare if it’s worthy to extend it to the longest, for example. Doing this calculation is a great idea because each applicant’s economic status is different and, therefore, the cost of the loan might differ.

What are Fasta loans’ reviews?

South Africans Fasta loan applicants choose them for many reasons. Perhaps, the most popular is that they offer a new option when it comes to getting cash. Their customers approached a new system through which they can access money specifically to spend it on buying goods. Fasta offers few alternatives to get cash online or in your bank account, for example. This innovative way of getting instant funds seems to be catching South Africans eye.

What’s Fasta contact details to deal with loans?

Although Fasta’s main characteristic is their online operation, you can contact them through their phone number, which is 087 – 470 - 0400 if you have specific questions. Their email address,, is another option if you want to write them about your Fasta loan. In turn, if you want to take advantage of our service, you are more than welcome to leave us your doubt here. We are prepared to give you information about loans that you can use as guide when taking out a loan.

Leave your question

Video Loan

Map Loan

Questions and answers

I get a disability grant. Will I be able to get a loan?

If you have a disability grant and are looking for a short term loan, you can resort, for example, to Net1, which offers money ranging from 410 rand to 1,050 rand. This application includes a competitive rate and the repayment period includes three to six months. The beneficiaries can apply for these loans through Moneyline. 

I need a loan 10 000 which company can help me?

There are many companies in South Africa that offer convenient short term loans online. First you should consider loans offered by the bank you operate with. In the event you do not own a bank account or you don't meet the requirements, you can consider online companies such as Wonga, for instance.

Is is possible to apply for loan consolidation?

Yes, this is a common option

Can I ask for a loan for just a month?

Yes, that is the main advantage. You get to apply in short terms.

Do I have to fill an online application?

Yes, in many agencies you have to fill the application with your data

Leave your rating about Short Term Loans: How to get quick Approval? Calculate

Find the best loan of South Africa

© 2008 - 2022® All rights reserved.