Online Short Term Loans – Quick, Simple & Paperless!

With the economy the way it is, money’s tight for many people these days and traditional lending institutions have become very choosy when deciding to give credit – essentially you need more security and higher credit rating to even be considered for a loan. Luckily for many of us who struggle with unexpected expenses, there are a host of online short loan providers that will step in to help where larger banks won’t!

These online short term loan providers have different business models which allows them to make loans accessible to people without a perfect credit history. The amount you can borrow is also lower – most providers will offer short term loans of up to R 8 000 – and as the name suggests, the loans are generally repayable in much shorter time periods.


Wonga offers flexible loans of up to R4 000 with a simple online application that only takes minutes to complete! No hidden fees, see the costs upfront.

  • R500 Minimum Loan Amount
  • R4,000 Maximum Loan Amount
  • Repayment period of up to 6 months
  • Interest rate of 3% per month + fees with no hidden charges


Boodle is the short term loan provider with some real South African flavour! Quick loans of up to R 8000 with 41 days to repay!

  • R2,500 for new customers, and up to R8,000 for existing customers
  • Instant decision 24/7 & NO paperwork
  • Up to 41 days repayment period
  • Also available on mobile

#3 - Lime LoansLime Loans is SA's newest online only loan provider offering one of the fastest approval times at just under 5 minutes!

  • loans up to R5,000
  • 5 minute loan aproval!
  • Instant decision 24/7 & NO paperwork
  • Also available on mobile

#5 – SA PERSONAL-LOANS is a great solution if you’re unsure of which loan provider to go with – they will match your requirements directly with the best loan option for you!

  • OVER 234 000 applicants helped
  • NO Application Fees Charged
  • Quick and Easy Approvals
  • Loans up to R15 000

Why would anyone want to take a short-term loan online?

Because life is unpredictable and you might face an unexpected expense that needs to be met – like say you need and emergency operation – or you have other financial dues that you need to meet so that they don’t impact your overall credit score – like an overdue retail account. With online short term loan providers you have the facility to meet these expenses.

Why you should apply for a short term loan online

What makes online short term loans so attractive is the extremely easy approval process. You simply visit the website and fill out the application form which normally takes about 5-10 minutes. And that’s it! No paperwork, branch visits or queues! Secondly, because short term loan providers have different rating criteria, you are more likely to get approved than by a traditional lender. For those with imperfect credit scores, this is a huge benefit!

And since the lender knows that there is often a quick turn around required, applications are reviewed instantly and the money can be in your account in less than a day! This quick disbursement feature further makes short term loans the best choice when you need cash in a hurry!

To apply for an online short term loan, all you need is to fill in all the columns required with your information and hit a button to submit your application to the lending company.

Criteria for a short-term loan

  • Your age – 18 years or over
  • Must be a SA citizen with a valid ID
  • Must have a bank account
  • Must have a valid cell-phone number

Repaying an online short term loan

Short term loans are short term credit and should be repaid as soon as possible! The normal repayment is the next payday, but some providers offer longer periods to about 90 days.

However, always remember that it is in your best interest to pay these loans as soon as possible and make sure you specify a date where you can guarantee that the funds will be in your account. You could possibly face steep charges and potential negative impact on your credit score if the lender is unable to extract the funds from your account on the assigned repayment date!

4 comments on “Online Short Term Loans – Quick, Simple & Paperless!
  1. Nevinger says:

    Fantastic website you’ve gotten right here.

  2. Thank you very much for the interesting blog.Highly reccomend!

  3. Lesley Raper says:

    With thanks! Valuable information!

  4. Magaly Pan says:

    With thanks! Valuable information!

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