Personal loans in South Africa

Data 25 institutions · Site updated 21.09.2026 · Redirecting to the bank's official site

12 results

CZ
CreditZA

Short-term Loan

Popular
On request
p.a.
RateOn request
AmountR500 – R8 000
TermOn request
OnlineSite quotes both a 5-day–6-month range and a "1–6 months" header — not reconciled by the lender0.16%/day for new customers, 0.10%/day for repeat customers, not a published APR
Apply
LP
LendPlus

Short-term Loan

Popular
On request
p.a.
Approval speed:From 15 minutes
RateOn request
AmountR500 – R4 000
TermOn request
OnlineR4,000 limit is for repeat customers only — first-loan cap not publishedNo published interest rate or fee schedule — cost of credit is shown only after applying, in the personal quotation
Apply
FC
FinChoice

MobiMoney

On request
p.a.
Approval speed:Instant, in the app
RateOn request
AmountR100 – R10 000
Term1–3 mo.
OnlineRevolving credit line, repeat drawdowns within your limitNo activation fee
Details
WG
Wonga South Africa

Short-term Loan

On request
p.a.
Approval speed:Same day, fully online
RateOn request
AmountR500 – R8 000
Termup to 6 mo.
OnlineCan run as short as 4 daysRate (5%/month) and new-customer limit are from a secondary source (CompareLoans), pending confirmation
Details
UN
Unifi South Africa

Personal Loan

from 8%
per month
Rate8–10.1 % per month
Amountup to R24 000
Term3–9 mo.
OnlineHigh-APR short-term creditFirst loan capped at R12,000; repeat loans up to R24,000
Details
BD
Boodle

Short-term Loan

On request
p.a.
RateOn request
AmountR500 – R8 000
Term1–6 mo.
OnlineNew customers capped at R5,000Rate disclosed two ways: up to 0.17%/day in the FAQ, 3%/month in the worked example
Details
CF
Capfin

Personal Loan — 6 months

On request
p.a.
RateOn request
AmountR1 000 – R50 000
Term6 mo.
OnlineUp to 5% per month for the 6-month product — a monthly rate, not an APR
Details
BK
Barko Financial Services

Short-term Loan

On request
p.a.
RateOn request
AmountR300 – R8 000
TermOn request
Repaid as a single instalment on your next payday18+, regular income, bank statements requiredNo published rate
Details
L24
Lime24

Short-term Loan

On request
p.a.
RateOn request
AmountR500 – R8 000
TermOn request
Online5 to 90 day term0.16%/day for new customers, 0.10%/day for repeat customers
Details
LF
Letsatsi Finance and Loan

Long-term Loans

On request
p.a.
RateOn request
Amountfrom R3 000
Term7–13 mo.
Requires 3 months’ payslips and bank statementsThe lender’s own "long-term" label — actually 7 to 13 monthsNo published rate or maximum amount
Details
AF
Atlas Finance

Personal / Short-term Loans

On request
p.a.
RateOn request
AmountR500 – R20 000
Term1–9 mo.
OnlineShort-term application specifically: 61–180 days, from 0.17%/day up to 5%/monthService fee R60 + VAT/month
Details
CC
Cash Converters South Africa

Same Day Loan

On request
p.a.
RateOn request
AmountAmount on request
Term1 mo.
Arranged in-store, not online5% for a first loan, 3% for repeat loans within the same year — a monthly rate, not an APRPaid out onto a Cashies Card
Details

Updated:

This page brings together 17 loans and 12 microloans from 25 banks and lenders in South Africa. Personal loans start from 12.5% p.a., microloans from 95.9%, up to R50 000, with no collateral.

Microloan ranking — by rate

Bank/MFIProductRateTermAmountApproval
Unifi South AfricaPersonal Loan95.9–121.1%3–9 mo.up to R24 000—

Of 12 microloans listed, 12 are issued online with no collateral.

Frequently asked questions

Can I get a microloan online in South Africa without being turned down?

Most MFIs and banks accept microloan applications online, with an automatic decision — some in as little as instant, in the app. But there's no 100% approval guarantee — it depends on credit history and income.

How do I get a loan onto my card in South Africa with no collateral or guarantor?

Right now 12 products among the loans and microloans require no collateral — the money goes straight to your card, and no guarantor is needed.

What online loans are available in South Africa?

CompareZA compares 17 bank personal loans (from 12.5% p.a.) and 12 MFI microloans (from 95.9%, up to 50 000 UZS).

Can I get a loan onto my card online in South Africa without being turned down?

The application is submitted online and is often reviewed automatically, but the decision still depends on credit history and the bank or MFI’s internal policy — there’s no 100% guarantee.

What microloans are available to individuals in South Africa?

Amounts range from a few hundred rand up to 50 000 UZS, terms from a few months to a few years — compare the lowest-rate options in the table below.

How long does it take to get an online loan in South Africa?

Most microloans are approved within minutes; bank loans usually take 1–2 business days.

Where can I find a low-interest loan in South Africa?

Rates on personal loans and microloans vary noticeably between banks and MFIs, ranging from 12.5% to 28% p.a. on loans and from 95.9% on microloans. Compare specific offers by rate in the table above rather than relying on a bank's general reputation.

MFI and bank comparisons

Atlas Finance vs CreditZAAtlas Finance vs LendPlusBarko Financial Services vs CreditZABarko Financial Services vs LendPlusBoodle vs CreditZABoodle vs LendPlusCapfin vs CreditZACapfin vs LendPlusCash Converters South Africa vs CreditZACash Converters South Africa vs LendPlusCreditZA vs FinChoiceCreditZA vs LendPlusCreditZA vs Letsatsi Finance and LoanCreditZA vs Lime24CreditZA vs Unifi South AfricaCreditZA vs Wonga South AfricaFinChoice vs LendPlusLendPlus vs Letsatsi Finance and LoanLendPlus vs Lime24LendPlus vs Unifi South AfricaLendPlus vs Wonga South Africa

See also

All MFIs and microloansDeposits — up to 10%Bank rankingUnifi South Africa

See also

Deposits — up to 10% p.a.Cards — cashback up to 30%0% instalment plansVehicle financeAll South African banks