No collateral needed

An unsecured loan — without pledging a single asset

You don’t need to put up your car, your house, or anything else. Get matched with SA lenders offering unsecured loans from R1,000 to R250,000, free and online.

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What is an unsecured loan?

An unsecured loan is a loan that doesn’t require you to put up collateral (an asset the lender can take if you default). That means no risk to your house, your car, or anything else you own. Instead, the lender decides to grant the loan based on your income, credit profile, and ability to repay.

All loans sourced through 247 Loans’ free matching service are unsecured. You can borrow from R1,000 to R250,000 with terms of 6 to 60 months. Being unsecured also means the application process is faster — there’s no asset valuation to worry about.

Secured vs. unsecured

A quick side-by-side comparison to help you understand the difference.

Secured loans

  • Requires collateral (car, home, etc.)
  • Typically longer approval time
  • Lower interest rates
  • Asset at risk if you default

Unsecured loans What we do

  • No collateral required
  • Faster application & approval
  • Freedom to use funds for anything
  • No assets at risk

Who unsecured loans suit best

If you nod along to any of these, you’re likely a good fit.

You don’t own significant assets

If you don’t own property or a paid-off vehicle to pledge, unsecured is your only practical path to cash.

You want speed over rate

Unsecured loans are processed faster because there’s no asset to value. Great when timing matters.

You prefer not to risk your property

Borrow without putting your home or car on the line — no risk of repossession if things go wrong.

Matched with trusted lenders including African Bank Capitec Nedbank Standard Bank RCS Bayport Wonga + many more
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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
4.7
Based on 2,400+ verified South African reviews on Google & Hellopeter

“Wow, definitely the best service ever. Applying was super quick and easy. I had cash in my account the same afternoon. Couldn’t have asked for more!”

BN
Bongkile Ndlovu
Durban, KZN • Google Review

“I was nervous about applying online but the whole process was completely transparent. Got approved within the hour and funds arrived before end of business day.”

TM
Thabo Molefe
Johannesburg, GP • Hellopeter

“Really straightforward. The loan calculator helped me understand exactly what I’d pay back before I even applied. No hidden surprises whatsoever.”

NP
Nomsa Pietersen
Cape Town, WC • Google Review

“Applied on a Saturday morning and had money in my account by 1pm. Incredible turnaround. The team is professional and the whole experience felt very safe.”

KD
Kagiso Dlamini
Pretoria, GP • Google Review

“As a first-time applicant I had loads of questions. The FAQ section answered everything. Application was done in under 5 minutes. Will definitely use again.”

SR
Sipho Radebe
Port Elizabeth, EC • Hellopeter

“I needed R15,000 urgently for a medical emergency. 247 Loans connected me with a lender within 30 minutes and the funds were in my account same day.”

LV
Lerato van Wyk
Bloemfontein, FS • Google Review
★ View all reviews on Hellopeter →

Need cash today?

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

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