Apply for a short-term loan of up to R8,000 now,
with money available the same day!
Use our calculator tool to understand your needs and find the perfect repayment plan.
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Simple, instant same day loans across South Africa
At Southern Finance, we offer quick and convenient short-term loans. You can borrow up to R8000 with our fast and easy online short-term loans or as little as R500. Once your short-term loan has been approved, the funds will be deposited into your bank within 24 hours.
About Us
You approve a Debicheck mandate once the loan has been approved. When you receive your salary, the repayment amount will be deducted from your bank account. We arrange for everything to be done automatically.
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We are accredited with the NCR (National Credit Regulator), which enables us to provide short-term loans throughout South Africa. We are fully compliant and active.
Maximum APR
Our maximum annual percentage rate is 30%.
Repayment Days
We offer repayment periods from 61 to 65 days.
Non Payment
Non-payment of your account will result in a service fee and interest added monthly. If you fail to make payment for two months, your account will be handed over to an external debt collection company. Not repaying your loan on time will decrease your credit rating and might make it challenging to qualify for finance at other credit providers in the future.
Collection
All payments are collected via Debicheck.
Subsequent Loans
The same interest and rates as a new loan will apply.
Southern Finance offers fast and convenient short-term loans to help boost your budget and cash flow. We are sure you may have some questions about how it all works. Explore some quick answers here or visit our FAQ page.
You need to be a South African citizen and above 18 years of age. You also need to be employed and have a valid bank account.
Depending on your affordability, you will be able to borrow up to an amount of R6 000 over 1 month, and R8000 over three months, if your credit rating allows.
We leave that decision up to you. We always make payments the same day that your loan is approved. It then takes 24 hours for the money to reflect in your account.
We do a credit check on your name, but if you have a bad credit record, it does not necessarily mean that we will not be able to assist you. We consider a lot of other factors as well, and if we feel comfortable that you will be able to repay the loan that you made, we will definitely consider your application.
We do not make any cash pay-outs to any of our clients. All payments are made directly into the same bank account that you use to receive your salary. Therefore your bank account needs to be active and you have to be able to make cash withdrawals on that account.
You will need to complete the online application form. On this form you need to give us your contact details, physical address and postal address, employer details and a breakdown of your income(s) and expenses. You obviously need to provide us with your banking details as well, as we need to pay the money into your account and load the debit order(s) for your instalment(s).
Yes it definitely is. Please go to our privacy policy where you can read more about the ins-and-outs of what we do with your information.