Short term loans

Short Term Loans are also known as (short term cash loans, short term loans online, fast loans, easy loans)

Short-term loans are unsecured, meaning no collateral is required, and are typically repaid within 1 to 6 months with a loan amount from R500 to R8000.

To get the money, you need to be permanently employed for at least 6 months, and get your monthly salary into a bank account that is in your name. This is the major aspect credit providers pay attention to. You should also provide some personal information, like your ID, Latest payslip and latest 3 month bank statement. This will speed up the application approval and ensure good terms. 

Typically, this type of loan is used when someone is in a financial pinch and needs money to cover unexpected expenses that were not budgeted for, but can be paid back over the short term. They are ideal for individuals who have difficulty securing a credit card or overdraft from their bank due to imperfect credit but need quick access to funds. For Longer term loans you can have a look at our personal loans

What is better a short-term or long-term loan?

Make use of our short-term loan service

Short-term loans serve as a quick solution for temporary cash flow problems. At Mr Cash Loans, we make finding a short-term loan quick and easy.

The process of applying for a short-term loan is designed to be easy and fast. Once you submit an application, we present it to our lending partners, helping you find a lender most likely to approve your loan without delays.

Qualifying for final approval depends on several factors, including your credit rating, affordability, and employment status.

 

 

 

There are different types of short-term loans available

Such as:

• Payday loans, which are repaid in one lump sum on your next payday, and cash advances that are repaid within a short period, often based on your income.
• Short-term cash loans can be repaid over three, four, five, six, or twelve monthly installments, without the need for a single lump-sum payment on payday.
• Another option is a bank overdraft, which is settled in full on your salary date, allowing you to use it again.
• Personal loans offer slightly longer terms, up to a few years, with fixed repayments.
• Bridge loans help bridge the gap between your current financial situation and future goals, often used for property transactions, business needs, or pension payouts.

 

 

Short-term loans in South Africa

These loans have become increasingly popular due to their quick and easy access, helping individuals resolve financial issues such as medical expenses, breakdowns, and other bills. The process starts with checking your credit risk profile, which gives you clarity on whether lenders will consider your application. If your credit risk is less than perfect, there is still a chance that your short-term loan can be approved.

 

 

How to get quick and easy short term cash loans

Our short term online loan finding service is free and confidential, providing customers convenient and private access to cash when they need it most, matching prospective borrowers with prospective lenders for short-term loans. 

To apply, with reputable, registered short-term credit providers, complete our online application. Submit your documents for assessment, and if all your details check out you can have a loan on the same day. Once your application is approved and you accept the terms of the loan, the funds are transferred into your bank account.

 

In summary:

Short-term loans offer a quick and confidential way to access cash when you need it most, with various repayment options to suit your financial needs.

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.