April 14, 2024
Online Loans in South Africa with Instant Approval

At some point, you might have found yourself in a financial crisis or need money urgently, but you don’t know where to get it. Maybe you want to settle a medical bill, buy a phone, get a loved one a gift, or any other use.

It would feel great to apply for an online loan and get approved instantly with no hassle, no gratuitous documents needed, and loans with no paperwork or collateral. We have listed some of South Africa’s Loan advancing platforms that offer loans with instant approval.

#1. UNIFI loans

UNIFI gives loans from R2000 up to R8000. The application process only takes a few minutes with instant approval and fast payout. They offer simple personal loans to any formally employed person. You can access their loan online in South Africa.

To receive the cash you will need to have an account with a bank that UNIFI supports. These banks include ABSA, FNB, Standard Bank, Capitec Bank, Nedbank, and African Bank.


  • Your mobile phone for the verification process and updates on your application progress.
  • A bank account where you want the cash to be sent. 
  • You must be employed and receive a monthly salary.
  • You will need to present your bank statements.

#2. Qwiekfin loans

Qwiekfin has over 25 years of experience in the credit industry. It helps clients from all over South Africa access a personal loans up to R150,000. They have a high approval rate and yet fast. The application process is simple. It has a very competitive interest rate. It has a fixed monthly repayment and also a flexible repayment option. 


  • Must be between 18 years and 65 years.
  • A permanent South African resident.
  • Permanently employed
  • Salary must be made directly to your bank account
  • Latest Payslip 
  • Three-month-old proof of home address
  • Three months’ bank statements.

#3. 247loans

247loans is one of the top loan apps in South Africa. As the name suggests, you can access the loans anytime. The app has a very quick loan payment. You can get loans up to R250,000.


  • Must be above 18 years.
  • Must have a South African government-issued Identity card.
  • Have a Bank account.

#4. Capfin loans

Capfin was started with a vision to provide customers with affordable loans. They offer loans from as low as R1000 up to R50,000.

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  • Must be above 18 years
  • Have a South African government-issued identity card.
  • Have a Bank account.

#5. Better Compare loans

Better loans provide their clients with a loan calculator that makes the process easy. You can get a loan of R18,000 with a 24-monthly repayment term and a 24% interest rate. The loan amounts start from as low as R500 to R150,000.


  • Must be above 18 years
  • Have a South African government-issued identity card.
  • Have a Bank account.

#6. Easycash Loan

Easycash Loan has been serving its clients in South Africa for years. Easycash loans allow you to apply for a loan and get it instantly without documents. It also approves loans for blacklisted people.

They are known for using only reputed brokers and moneylenders in the assiduity of microfinance. The private lenders ensure that their guests are treated fairly throughout the operation.

You can apply for a loan of over R150 with Easycash Loan. you are required to fill out a prepayment plan of 60 months through their simple quick loan blessing operation form.


  • Must be above 18 years
  • Have a South African government-issued identity card.
  • Have a Bank account.

#7. Direct axis Loan

This credit installation loan company in South Africa gives its users instant quick access to loans of up to R300,000 with no documents, paperwork, or collateral.


  • A clear dupe of your South African ID
  • Recent document with your domestic address details
  • Bank statement pdf

#8. EasyPayday Online Loans

EasyPayday Loans are quick loans that can be used as short-term loans to take you through before your payday. EasyPayday Loans offer short-term instant online loans with no documents required and that makes the users make ends meet. Its operation is fast and hassle-free.


  • Must be 18 years and above
  • Must be a South African Citizen.
  • Have a Bank account
  • Permanent Employment

#9. Nifty Credit loan

Nifty Credit is one of the leading loaning sites in South Africa that offers payday loans with no documents needed in minutes. They are committed to helping make things easier for their clients. As a responsible money lender, the company is powered by smart advance (Pty) Ltd, Reg no. 2010/ 015748/ 07, NCRCP5512, and it is also registered and regulated by National Credit Regulator.

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This website is simple to use and has features that make the borrowing process very convenient.


  • Must have a bank account.
  • Have a valid South African ID
  • Provide your latest three-month bank statements.

#10. Nira Finance Loan

If you decide to take a vacation on short notice, you want to surprise a loved one with a beautiful gift, or maybe you have finally come across a particular item you have wanted to buy for soo long but you don’t have the cash, no matter what you need the money for Nira Finance loans can help you fulfill that.

Nira Finance offers stylish instant online loans in South Africa without any documents or credit checks. You only need to fill out their quick online form to get approved for a fast quick cash loan in just a few minutes.


  • Must have a bank account
  • Have a valid South African ID

#11. Wonga Loans

The Wonga short-term loans help individuals manage their cash flow. The Wonga is available to in case you need a cash loan to help you for a short period. Their loan operation process is also simple and easy to understand.

Wonga is a former British payday loan establishment and it was innovated in 2006. The company was then offering short-term, high-cost loans to guests via online operations, and began recycling its first loans in 2007.


  • Have a valid South African identification Card
  • Must be 18 years and above
  • Must have a Bank account
  • Permanently Employed.
  • Upload your last three months’ salary or income details.

#12. Fasta Loan

Fasta Loans is a quick cash loan in South Africa offering particular loans of R8 and no documents, no paperwork, or collateral. FASTA (Pty) Ltd is a dynamic Fintech business offering its users a new payment system for their online and in-store purchases.

This is done through innovative technology that provides guests with access to credit. All this process is done online. The FASTA is simple and easy to use and it offers up to R8000 instant online loans in south Africa with no documents needed. The loans can be repaid in up to three months’ installments.

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  • A valid RSA ID number.
  • Must be 18 years and above
  • Have access to mobile banking
  • Verifiable income for the last 90 days

#13. Lime Loans

The lime credit group gives you access to Lime loans online product and also offers you a lesser occasion to reinvest and realize your ambition with their digital Lending platform. This financial technology company provides digital results to change how individuals adopt funds in South Africa. 

It is a reality of a larger holding group company Lime Credit Group, exercising advanced algorithm and machine literacy capabilities that helps to offer a platform for a customized approach towards lending.

Lime Loans believe that maintaining a balanced Financial position is vital and they see value in being suitable to give their guests stylish instant online loans in South Africa without any documents.


  • Must have a Bank Account
  • Provide your latest 3 months’ Bank statements and your salary bank account

#14. Mobikwik Loan 

It’s always a great feeling for example when you buy something online and it’s delivered to you the same day. This also applies to MobiKwik loans which offer up to R5, a particular loan with instant blessing in just a few minutes.

This online loan operation is performed through their website, all you do is submit your number for mobile loan operation on how much you qualify. These loans can be used for medical bill payments, buying new gadgets, or clearing your debts.


  • Must have a bank account.
  • Must be 18 years and above
  • Provide your latest 3 months’ bank statements.

#15. MyLoanCare

MyLoanCare instant loans are quick loans that can be used for any purpose and can be profited snappily. These can be done by filling out an online operation form and are sanctioned within a matter of many hours formerly approved.

The instant particular loan doesn’t bear any collateral and with minimum attestation, it gets expended within 24 hours. You can also mileage of instant particular loans on pre-approved loan offers that are given to guests of the banks based on your prepayment history and the cash flow in your bank account.


  • Must have a bank account
  • Must be 18 years or older

Related: 34 Best Instant Loan Apps In Nigeria.

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