Short Term Loans South Africa

When unexpected bills or cash emergencies hurdle in your life, you need short term online loans in South Africa. Borrow from R100 to R5,000 and get money in your bank account within 10 minutes*.

With CoreLoans, you can repay your loan with easy and flexible installments. Make free-of-charge early repayment and save more money on your short term loan.

*Apply won't affect your credit score


Short Term Loans Online- Fast, Secure & Funded in 10 Mins

  • Find lenders who want to lend to you

    CoreLoans increases your chances of being approved for a loan. We have an AI-based search panel of African lenders that provides you with instant decisions in seconds.

  • Money in your bank account within 10 minutes*

    We always strive to give you instant decision loans. Once the loan is approved, money will be in your bank account within 10 minutes

  • All credit scores accepted

    No matter what credit score you have, we understand this. So, we see more than just your credit history. Low, harmful, or even no credit, you are welcome to apply.

How it works?


Step 1

Fill out our quick and online application form and submit it.


Step 2

We'll search our panel of lenders and connect you with best option in seconds.


Step 3

If you're happy with your loan offer, accept it. Once your loan is approved, money will be credited to your bank account within 10 minutes*.

Frequently Asked Questions

What are short term loans South Africa?

short term loans in South Africa are small amounts ranging from R100 to R1,500 or more, with monthly installment repayment of 1 to 6 months. The main objective of short term loans is to split the overall cost of a total loan into installments. In this way, the massive pressure of repaying the whole sum of the loan on the borrower is terminated.

short term loans are a quick and straightforward way to acquire cash in rush situations. But it requires proper budgeting to ensure on-time monthly repayments. Otherwise, it impacts your credit history or attracts late payment penalties.

Am I eligible to apply?

If you want to apply for a short term loan in South Africa, you must match the following eligibility requirements:

  • Be a citizen or permanent resident of South Africa.
  • Be at least 18 years old.
  • Have a steady source of income (salary, pension, benefits, etc.) Hold a valid South African bank account in your name.

If you meet the above eligibility criteria, you're welcome to apply with us.

How can I apply for a short term loan?

If you choose CoreLoans, our process is fast and easy to understand. You can apply for a short term loan in South Africa online by completing just a few simple steps:

  • First of all, decide how much you need to borrow.
  • Secondly, fill in our simple online application form to apply.
  • Third, our lenders review your loan application and provide instant loan decisions.
  • Fourth, once your loan is approved and you accept the offer, the money will be deposited in your bank account within 10-15 minutes.

How do repayment work?

When you proceed to fill out your short term loan application, you will get the option to choose between 1- 6 monthly installment payments. Choose the option that best suits you. The loan repayment is usually done by direct debit on the due date from the same bank account in which the loan is funded. With this facility, you do not worry about remembering your payment date.

How much can I borrow?

If you apply with CoreLoans, you can apply for online short term payday loans in South Africa between R100 and R5,000 or more. Our partner lenders can approve your loan application within a few minutes. If you get loan approval, you will get your money in your account within 10-15 minutes.

Can I use my loan money for anything?

Yes, once you get your loan money, it is yours, and you can use it for anything. Whether you use your short term loan to pay off your debts, manage family needs, do home improvements, repair a car, or even cover the holiday expenses- it's totally up to you.

What are the pros and cons of short term loans?


  • Instant decision and high approval rates.
  • Quick funds when you are in need.
  • Available even to those with bad credit.
  • The flexibility of repayment.


  • Higher interest rates.

Can I get a short term loan with bad credit?

Yes, it might be challenging to get short term loans with bad credit in South Africa, but still, it is possible. Many lenders in SA are willing to work with South Africans struggling with poor credit or no credit score. They will happily consider your loan application if you can afford the loan repayments on the due date.

Payday loans vs short term loans

There's not a big difference between payday loans and short term loans. Usually, payday loans in South Africa allow you to borrow a small amount of money until your next payday, and you have to pay the loan in full. On the other hand, short term loans offer more flexible and extended repayment options than payday loans.

You can take a short term loan for up to 12 months and split the loan amount into monthly installments. It allows you to spread the overall cost of your loan and make the loan repayment more accessible and manageable. Keep in mind both are offered at higher interest rates.

Fast & flexible short term loans in South Africa from R100 to R5,000+