Many lenders in South Africa offer instant or same-day approval if your documents are in order and you meet credit requirements. Once approved, funds are typically paid out within 24–48 hours, depending on your bank.

You generally need a South African ID, proof of income (such as payslips), recent bank statements, and a proof of address.

Personal loan amounts usually range from R1,000 to R350,000, depending on your credit profile, income, and the lender’s internal limits. Responsible lenders assess affordability to ensure you don’t overextend your finances.

Submitting an application that leads to a full credit check can cause a small, temporary dip in your credit score. However, responsible borrowing and on-time repayments will strengthen your credit record over time.

Yes, but you may need to provide additional proof of income, such as business bank statements, invoices, or tax certificates.

No. If you are currently under debt review or debt counselling, lenders are legally prohibited from offering new credit until you are cleared. You must first settle your existing debts or exit the debt review process.

Apart from interest, you might pay an initiation fee and a monthly service fee, both regulated by the National Credit Act (NCA). You will be informed of all the associated costs when you accept the loan agreement.

Keep your credit score healthy by paying bills on time, reducing outstanding debts, and maintaining stable employment. Providing accurate documents and choosing a realistic loan amount also boosts approval odds.