Need a Payday Loan?

Instant Approval, No Paperwork.


100,000 South Africans have already trusted LittleLoans.
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We will never charge any fees!
Absolutely no paperwork!
We process over 2500 applications everyday!
Cash sent the same day!

Why LittleLoans

  • Need a fast loan up to R8,000? Not sure where to apply?
  • LittleLoans instantly routes your single application to multiple lenders throughout South Africa.
  • Receive multiple loan offers, Select the best offer.
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Instant Payday Loans

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About Payday Loans

About LittleLoans

There are 100's of payday lenders throughout South Africa all whom have various credit requirements for loan applications, you might qualify for a loan at one lender but not the other.

Applying for a loan at multiple lenders can negatively impact your credit rating as you will recevie multiple credit checks against your name.

LittleLoans was founded in 2014 to provide consumers with the ability to submit a single loan application to multiple lenders in an instant.

What are Payday Loans?

Payday Loans are cash loans ranging from R500 to R8,000 which are repayable in one full installment on your next pay date.

How do Payday Loans work?

Here’s why payday loans are popular: you can secure a loan in a very short period of time. For payday loans South Africa residents can apply online and get confirmation—and the money in their bank accounts—within a day or two.

The second benefit of payday loans is that obtaining one doesn’t require a lot of paper work. You don’t necessarily have to have a credit report done to qualify. As long as you can provide proof of regular income—whether you’re an employee or self employed—your application may be approved. You will have to supply:

- Your ID documents
- Proof of residence
- Confirmation that you’ll have ongoing employment for the duration of the loan period

The lenders require proof that you’re able to pay the loan or its installments in the agreed timeline.

The absence of strict requirements is the other reason you may find these loans useful. If you have credit problems but need money fast to cover emergency expenses, a payday loan can help.

Once you acquire the loan you will have anything from one day to six months to repay the money with interest incurred. The payback period will be determined by the specific agreement you have with the lender.

How Much Does a Payday Loan Cost?

Your payback amount will depend on how big your loan is and the interest rate you’re offered by the lender. With most lenders you can expect an interest rate of up to 5% per month. Loan Example:

If R2000 is borrowed for 20 days
Initiation Fee: R265.00
Service Fee: R40.00
Interest: R45.30
VAT: R42.70
Total to Repay: R2393.00

Here is a comprehensive look at payday loan fees.

Are Payday Loans Right for You?

Is it wise to take out a payday loan? If you’re facing an emergency situation, this is definitely an effortless, fast solution to get the cash you need. Many consumers have used it successfully in these scenarios:

- Paying bills related to a medical emergency
- Repairing a business vehicle while waiting for the next salary payment, to prevent a loss of income
- Covering unforeseen expenses while waiting for payday

This type of loan shouldn’t be seen as an add on to your regular salary. It’s also not wise to use it regularly or for leisure expenses; you run the risk of ending up in more debt than before.

South Africa has seen a growth in lenders so you can take your pick on where you’ll secure your instant loan. Ready to start?

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FAQ

Are there any hidden fees?
This service is 100% free, we DO NOT ask you for any banking details.

Is LittleLoans secure?
We use 128-BIT SSL Encryption, your date is safe with us!

How much can I loan?
Loans from R500 up to R8,000!

How do I apply?
Fill in the short form above.

Can anyone apply?
You need to be a South African citizen, Over 21 & have a regular income.

What if I have bad credit or am under debt review?
Consumers who are blacklisted or under debt review are not elegible for a payday loan.

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