How to Get Short Term Loans in SA

If you’re looking to secure a short-term loan in South Africa, there are various options available to you. Whether you decide to take up a loan from a bank or through another financial services provider, these days you can apply for a loan online and benefit from a quick and easy application process.

Applying for a short term loan from a bank is a good idea if you are looking for the best interest rates. ABSA for example, offers loans up to R8,000 to qualified individuals.

An Express Loan could be the right choice if you:

Need to access between R1 500 and R8 000
Want a short-term loan payable over 1, 3 or 6 months
Earn a minimum income of R1 500 per month

Here is an example from Nedbank:

You get cash of R1 000 to R200 000 deposited in your salary account.
Flexible payment periods of 12, 24, 26, 48 or 60 months.

And here is what FNB offers clients:

With a loan from FNB you get access to loans from R1000 to R150 000 paid out within minutes.
Depending on your loan amount you can get up to 60 months to repay.
In the event of your death, dread disease, retrenchment, permanent or temporary disability, our Customer Protection Plan will ensure that you are taken care of.

Applying Online

One of the best benefits of short-term loans in South Africa online is the fact that you can apply at any time. This means it’s very convenient as you won’t have to drive to a branch and fill in a long list of application forms. In most cases you will learn the outcome of your application within a few hours and if your application is approved the money can be transferred to your bank account the he same day.