Short Term Loans are also known as (short term cash loans, short term loans online, fast loans, easy loans)
Short Term Loans offers fast cash to borrowers to be repaid typically within days or months. Most of the time, this type of loan is used if you are in a financial pinch and just need money to resolve an unexpected expense that you have not budgeted for but can pay back over the short term.
Short term loans are unsecured loans that get paid over a short period, over 1, 3 or 6 or 12 monthly installments with loan amounts up to R8000. If you have ever applied for a loan, you’ll know that a loan process can take time, of course, we don't always have the time to go from one lender to the next to get an answer. We know this and that is why we have made it easier and faster than ever for you to apply for a short term loan with our lending partners.
Qualifying for final approval of short term loans depends on many factors including, but not limited to credit rating, your affordability as well as your employment status.
Make use of our short-term loan service
- We work with a network of reliable lenders.
- You get a fair chance to qualify for a loan.
- Our network of short term loan providers can offer you short term loans with repayment periods up to 6 months.
- If six months to repay is not enough, you can consider personal loans with a repayment period of 12 months and more.
The fast solution for an unexpected expense
We've all experienced temporary cash flow problems. As much as it is an unpleasant situation, you need to act fast. At Mr Cash Loans, we make finding a short-term loan quick and easy. Instead of filling out multiple applications, you can fill out one application here. We will then present your application to our lending partners, helping you find the lender that is most likely to approve your application and provide you with short-term loans without any delays.
Types of short term loans online
- Payday loan - This is the most common form of a short-term loan. Payday loans can tide you over until your next payday when it gets paid in one lump sum payment on your salary date.
- Short-term cash loans - You can repay over 3, 4, 5, 6 or 12 monthly installments. Short-term loans do not require you to make a single lump-sum payment on your payday. Short-term loans get repaid in equal monthly installments.
- Bank overdraft - A bank overdraft settled in full on your salary date, and then you have the option to use it again. You can get out of an overdraft by spending less each month.
Short term options
Short-term credit available
- Loans ranging from R500 to R8,000
- Repay over 2, 3 or 6 equal monthly installments
- If six months to repay is not enough, you can consider personal loans with a repayment period of 12 months and more.
- For a Quick, Risk-Free, No obligation loan request, use our online service, apply for your short-term loan online today and get connected to a short-term loan.
What you need to apply?
follow these fast steps
- Complete our online application
- Send us these documents in pdf format
- SA ID
- Latest Payslip
- 3 months latest bank statement
Short term loan example
| Loan amount | Repayment term | Monthly repayment | Total repayment | Initiation fee | Monthly fee | Interest per month |
|---|---|---|---|---|---|---|
| R8000 | 6 months | R1875.14 | R11250.84 | R1380 | R69 | 3% |
How to get quick and easy short term cash loans
Short term loans have become very popular in South Africa. Getting short term loans has always been about getting money fast to solve your financial problem. Most consumers use it for emergency expenses like medical expenses, breakdown expenses and other bills. It can help you get out of a short-term financial bind.
- Check your credit risk profile - Best is to start by checking your credit report. That will give clarity on whether lenders will consider your application or not. Remember, the higher your credit score, the better chance you have of getting the loan. - If your credit risk is less than perfect, there is still a chance that your short term loan can be approved.
- Apply online - Take time and shop around for a loan. Most lenders have online portals where you can apply for a loan. Shop around and be on the lookout for a reputable registered credit provider. Check the credit provider's criteria to make sure that you qualify. With Mr Cash Loans, you can apply online and get an answer within the same day during business days.
- Submit your documents - You can email the documents as requested to us, for assessment.
- Wait for approval - For short term loans, the waiting period is not long. Most short term credit providers will approve a loan application the same day that the correct documents are submitted. Once you are approved and you accepted the terms of the loan, you will receive your loan. It gets transferred into your banking account.
Please note our Basic Criteria and Required documents for a short term loan.
Responsible borrowing and lending is a point of focus in the credit act, and is something you should consider two, focus on not borrowing more that you can afford to pay back, remember to keep your current expenses in mind when requesting a loan amount.