Find Better ways to apply for a Payday Loan
Quick Payday Loans in South Africa - Fast Cash in Your Account
Reach for your goals and get a loan up to R8,000
Our Process
3 Steps to Getting a Payday Loan
Needing a loan to pay off some debts?
A Payday loan or short term loan is often not the best solution, especially if you are currently in debt. FindBetter may be able to offer a better solution, that can free up cash so that you can afford your monthly expenses while paying back all your lenders.
Have a look at our Debt Counselling or Debt Consolidation solutions
FAQ
- If you are looking for a quick solution to a short term tight money situation, a payday loan might be the right option for you. It’s a small loan (up to R8000) that you can take out for a short period of time – up to 3 months. You need fewer documents to apply for a payday loan compared to a regular personal loan. Quick payday loans online in South Africa are usually taken out until your next payday, however, they can also be taken out over up to 3 months.
- FindBetter is different as we work with more than one lender and have more than one solution. We can offer your Quick Loans or regular Personal Loans, as well as the Humble payday loan. Apply through our online loan application form and to begin the process and see for yourself. When you fill in the form we will ask your needs and requirements, and we use these inputs as well as your credit score to find the best suited loan partner to get you the best loan solution. When you apply for a quick payday loan online in south africa, there are fewer documents required to get your loan.
- Interest rates on payday loans are regulated but can be higher than regular personal loans or even quick loans that require more documentation. Payday loans will generally have slightly higher interest rates due to their short-term nature. Rates vary, so it’s essential to check with your lender and ensure you understand the full repayment amount.
- Yes, payday loans in South Africa are often accessible to people with poor credit (or even if you have been blacklisted), as they’re based on current income rather than credit history. However, interest rates may be higher for individuals with lower credit scores.
- In addition to interest, there are initiation fees or as well as monthly fees. Fees are regulated and are quite similar across different loan companies.
- Initiation fee: 15% of the first R1,000 of the loan amount, plus 10% on any amount above that, capped at R1,050.
- Monthly service fee: Up to R69.
Representative example
Monthly loan repayments
When you decide to apply for a FindBetter Payday Loan, our system matches you with the best lender for your needs. Your interest rate and initiation fee will differ according to your personal risk profile and the type of loan you opt for. Your loan repayment term for payday loans can be weeks up to 3 months, although we also offer quick loans that can be paid back over relatively longer periods.
Total Loan:
R8,000
Loan Period: 24 Months
Total Cost of Loan: R10,309
Representative example: Payday Loan
Representative example: All prices include VAT. R8,000 borrowed for 3 months, including a once-off initiation fee of R970 and Monthly admin fee R69. APR between 15 – 29%. At an illustrative nominal interest rate of 14%, the monthly installment is R3,436 and the Total cost of the loan will be R10,309