Simple · Transparent · Free

How 247 Loans works

We’re a free loan-finder service. We connect you with South Africa’s accredited lenders, compare offers, and hand you the best deal. You stay in control at every step.

Start my application → See the 3 steps
NCR Registered
256-bit SSL Secured
50,000+ South Africans helped
Open 24 hours, 7 days
NCA Compliant

Three steps. That’s it.

From your first click to cash in your account — here’s exactly what happens.

1

Submit your details

Complete our quick online form with your basic personal and financial details. Choose the loan amount you need. No documents to upload, no branch visits — everything happens on your phone or computer. Your information is secured with bank-level encryption.

⚡ About 5 minutes
2

We match you to lenders

Your application is submitted to the accredited lenders in our panel who best fit your profile. They compete for your application, which means you’ll often receive multiple offers. You’re under no obligation to accept any of them.

⚡ Usually within the hour
3

Choose & get paid

Review the offers, pick the one that suits you best, and accept directly with your chosen lender. Once you sign, they transfer the funds straight to your South African bank account — often the same day.

⚡ Same-day payout possible
Matched with trusted lenders including African Bank Capitec Nedbank Standard Bank RCS Bayport Wonga + many more

The honest details

A few things worth knowing before you apply.

247 Loans is not a lender. We’re a free matching service. We connect you to a panel of accredited South African lenders who then make you loan offers directly. The loan agreement is always between you and the lender you choose — not with us.

Why is 247 Loans free to use?

We’re paid a small commission by lenders when they successfully match with a customer. It works like a marketing cost for them. You’ll never receive a bill from 247 Loans, and our fee to lenders never affects the rate you’re offered.

Will applying hurt my credit score?

No. Submitting your application through 247 Loans has no effect on your credit score. Only the specific lender you choose to accept an offer from may conduct a full affordability check, which is standard for any credit agreement in South Africa.

What loan amounts can I apply for?

Our lender panel offers loans from R1,000 to R250,000, with repayment terms from 6 to 60 months. The amount you’ll actually be offered depends on your income, credit profile and each lender’s criteria.

When will I be contacted?

Most applicants hear back from at least one lender within the hour. For applications submitted late at night, expect to be contacted the next business morning. We’ll always let you know what to expect and keep you informed by SMS and email.

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Simple requirements to qualify
Unsecured No collateral Any purpose Any SA bank

Do you qualify?

Getting a cash loan with us is designed to be as straightforward as possible. Here’s everything you need.

  • Be 18 years or olderYou must be of legal age to enter into a credit agreement in South Africa.
  • Have a valid South African IDA green barcoded ID book or smart ID card is required to verify your identity.
  • Hold a South African bank accountFunds are deposited directly into your account. Any major SA bank is accepted.
Check if I qualify — it’s free

Need cash today?

Start your free application in under 5 minutes — no documents needed, no credit check to apply.

Start my application →