How to Get Urgent Cash Loans without No Credit Check in South Africa

Get Urgent Cash Loans No Credit Check in South Africa

In South Africa, the average salary may just be enough to cover the daily expenses needed by a family for a whole month. It’s challenging enough to save money and this is the very reason why people usually go for cash loans during emergencies. If you don’t have enough savings to pay for accidents, medical expenses, and even day-to-day necessities, you may have to grab a quick loan.

The problem is if you don’t have a good credit history. Banks often look at an individual’s credit score before they’re given a loan.

Where can you get a loan then for urgent needs?

Is there a way to get guaranteed loan approvals without undergoing a credit check?

Read on to know how you can get a cash loan without having undergo a credit check.

Cash Loans without Credit Check

A same day cash loan is a type of short-term debt that doesn’t require any credit check. They’re meant to supplement what you have for urgent cash needs. You can borrow a small amount and repay it within the shortest time possible.

They’re called same day cash loans since you don’t have to wait for weeks to get your loan. Simply fill out a form, submit it, and wait for the lender to call you back to tell you whether your application has been approved or not. It will take less than 24 hours to get a response from your lender. When your loan has been approved, you’ll immediately receive it in the bank account you’ve provided them.

The loanable amount usually ranges from R100 to R2 000; some offer up to R10 000. Recurring customers usually get an upgrade wherein the amount they can borrow is increased.

The allowable loan amount will depend on your monthly income. The higher your monthly income is, the larger the cash you can borrow.

Repayment terms usually range from a few days to a number of months. It’s best to take the shorter duration to prevent interest rates from piling up. Loan repayments are automatically deducted from your bank account on the time specified as agreed in the contract you signed.

There’s a very high chance you’ll get approved as long as you satisfy the minimum requirements they’re looking for. Approval for this type of loan is almost always guaranteed.

It doesn’t matter if you have a poor credit rating. Same day cash loans are structured in such a way that lenders don’t have to know your credit status. This is also the reason why blacklisted individuals often look for this type of loan. As long as you fit the criteria they’re looking for, your loan request is guaranteed to be accepted.

Loan Requirements

Check if you pass the eligibility test before you submit any document or form to your lender. They’ll qualify South Africans who are 21 years of age and above. You must also be permanently employed to gain access to their loan instruments.

Unlike banks that require a lot of documents, micro-lenders providing same day cash loans in South Africa will only ask you for the following documents:

  • A copy of your ID book
  • Bank statements for the past 3 to 6 months
  • Payslips for the past 3 to 6 months
  • Proof of residence for the past 3 months

Banks will take weeks to process your loan request. However, since smaller lenders that give quick cash loans don’t require credit checks, your papers will be processed within the day.

Fees and Interest Rates

The interest rates on same day cash loans are usually higher compared to long-term loans. This doesn’t include the additional fees these lenders may charge. The amount you borrowed could easily bloat if you take too long to repay it.

For example, you will have to repay R180 for an R100 debt after 30 days. For a R1 000 loan, you may have to repay around R1 200 after a month has elapsed.

Where to Get Urgent Cash Loans

The following lenders are some of the most trustworthy companies out there. Try contacting them to inquire how they can provide you with cash loans that require no credit checks.

Beware of dubious lenders online. Some may seem to give you a helping hand, only to get your money or information that’s personal and sensitive.


As discussed, same day cash loans have high interest rates. It’s best if you use them only for emergency purposes and as a last resort to pay for things that you urgently need. You must not use it to pay for leisure and entertainment like going for a vacation or buying a new bag you usually can’t afford. As always, live within your financial means to avoid getting into too much debt.

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