List of Payday Loans in Johannesburg
Need a Quick Payday Loan in Johannesburg? Here Are 5 Reputable Lenders to Consider

Finding yourself short on cash before payday hits? Urgently need to pay an unexpected bill but payday is still a few days or weeks away? Don’t stress – getting a payday loan from a reputable lender in Johannesburg can provide you with fast access to cash to tide you through until your next salary payment.

Payday loans are small, short-term loans that provide you with instant cash flow relief.

These loans are typically for 30 days or less and help bridge unexpected cash shortfalls. Payday lenders don’t run extensive credit checks and can have cash deposited in your account within 24 hours of approval.

However, not all payday lenders are created equal. There are plenty of predatory lenders out there charging exorbitant fees and interest rates. And defaulting on payday loans can severely impact your credit score and overall financial health.

So it’s crucial to do your research and only work with legitimate, ethical payday lenders in Johannesburg. To help you out, here are 5 reputable payday loan providers you can consider if you need quick cash before your next paycheck:

List of Payday Loans in Johannesburg


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Loan4Debt is one of the most popular online payday lenders in South Africa.

  • Website: Loan4Debt
  • Address: 119 Booysens Reserve Rd, Theta, Johannesburg South, 2091, South Africa
  • Contact Details: +27 87 654 4152
  • Operating Hours: Not indicated
  • Consumer Rating: B+
  • Google Reviews Score: 4.8/5

Loan4Debt makes it quick and easy to apply for payday loans from R500 up to R8000 online. Turnaround times are fast and you can have funds in your account on the same day if approved early enough.

They don’t require any payslips or proof of income for loans under R1500. For loans above R1500, you’ll need to provide your last 3 monthly bank statements.

Interest rates vary from 3.5% to 5% per month depending on your credit circumstances. There are no hidden fees and you can extend or settle your loan early with no penalties.

Overall, Loan4Debt offers a smooth, efficient payday loan service with flexible repayment options for Johannesburg residents.

Letsatsi Finance and Loan (Pty) Ltd

Letsatsi Finance and Loan is a registered credit provider operating in Braamfontein, Johannesburg.

  • Website: Letsatsi Finance and Loan
  • Address: Shop 1&2, Geldenhuys Building, 33 Jorissen St, Braamfontein, Johannesburg, 2001, South Africa
  • Contact Details: +27 11 339 8949
  • Operating Hours: Monday – Friday, 8:00 AM – 5:00 PM
  • Consumer Rating: B+
  • Google Reviews Score: 5/5

You can apply for short-term loans ranging from R500 to R150,000 with Letsatsi. Approval can be on the same day and funds paid out within 24 hours.

They offer transparent interest rates starting from 3.5% per month. No security or payslips required for loans under R8000. Easy online application process and flexible repayment terms.

Letsatsi Finance and Loan has a longstanding presence as a licenced lender in Johannesburg. Fast approvals and funding makes them a solid choice for urgent cash loans.

Mr. Cash Loans

Mr. Cash Loans provides convenient access to fast cash loans online for Johannesburg residents.

  • Website: Mr. Cash Loans
  • No Physical Address Provided
  • Contact Details: +27 87 822 1779
  • Operating Hours: Monday – Friday, 8:00 AM – 4:00 PM
  • Consumer Rating: B
  • Google Reviews Score: 3/5

You can apply for loans from R500 up to R6000 on their website and have funds paid on the same day if you apply early enough.

Mr. Cash offers tiered interest rates from 5% to 10% per month. Loan terms are flexible from 1 – 6 months. Quick and easy online application process.

One drawback is they don’t provide a physical address. But Mr. Cash Loans still offers a decent payday loan option if you need fast emergency funds.

Etikes Trading & Projects (PTY)

Etikes Trading & Projects is a popular licensed cash loans provider located in the Johannesburg CBD.

  • Website: Etikes Trading & Projects
  • Address: Shop 6, Majestic Building, 22 Joubert St, Marshalltown, Johannesburg, 2107, South Africa
  • Contact Details: 011 776 9121
  • Operating Hours: Monday – Friday, 9:00 AM – 5:00 PM
  • Consumer Rating: B
  • Google Reviews Score: 4.5/5

Etikes offers personal loans from R500 – R150,000. No payslips or collateral required for loans under R10,000. Fast approvals and you can collect your cash the same day.

Interest rate is 3.5% per month and no hidden costs. Flexible repayments with options to settle early or extend your term if needed.

With easy access to their Marshalltown branch, Etikes Trading & Projects is a solid choice for emergency cash loans in the Joburg CBD area.


Boodle is an online fintech lender providing quick and hassle-free payday loans.

  • Website: Boodle
  • Address: 10th Floor, 19 Ameshoff St, Braamfontein, Johannesburg, 2001, South Africa
  • Contact Details: 087 550 5652
  • Operating Hours: 9am-5pm Mon-Fri

You can apply online for loans from R250 – R4000 directly through their website. Boodle claims to have the fastest approval times with cash paid out in 15 minutes if you meet their criteria.

Loan terms are 1-6 months with fixed interest rates starting from 5% per month. No paperwork required and repayments can be extended if needed.

Overall, Boodle offers one of the quickest and most convenient online payday loan options for Johannesburg residents in need of urgent small loans.

Key Things to Keep in Mind When Getting a Payday Loan

If you decide to get a payday loan in Johannesburg, here are some important things to keep in mind:

  • Only borrow what you can realistically afford to payback on your next pay date. Payday loans can be very expensive if rolled over.
  • Confirm full costs upfront so there are no surprises. Avoid lenders that charge vague or hidden admin fees.
  • Read loan contracts carefully before signing anything. Make sure you understand the payment dates, total costs, and penalties if you default.
  • Try to pay more than the minimum instalment to pay off your loan quicker and reduce interest.
  • If you can’t make a repayment, speak to your lender immediately to discuss options. Avoid missing payments at all costs.
  • Always borrow responsibly. Only use payday loans for real financial emergencies. Don’t get caught in debt cycles.

Payday Loan Requirements in Johannesburg

To qualify for a payday loan in Johannesburg, here are the typical requirements:

  • You must be a South African citizen or permanent resident
  • Have a valid ID document and proof of address
  • Be over 18 years of age
  • Have a regular income source
  • Have an active personal bank account

As payday loans are unsecured, you don’t require assets or payslips to apply. Lenders will however review your bank account transactions to assess your repayment ability.

The loan application process is quick and can be completed online or in-person depending on the lender. You can get approved and funded in as fast as 15 minutes in some cases.

Payday Loan Fees & Interest Rates in Johannesburg

Payday lenders are allowed to set their own fees and interest rates in South Africa. Here are some general guidelines on costs:

  • Interest rates range from 3.5% to 10% per month depending on the lender and your credit profile. This works out to 42% – 120% APR.
  • Initiation/Admin fees range from 10% to 20% of the loan amount. Reputable lenders will cap this.
  • Service fees range from R50 – R150 per loan.
  • There are typically no early repayment penalties. You can pay back early to reduce interest.
  • Defaulting will lead to penalties, extended interest, and negative credit bureau listings that can blacklist you from future loans.
  • Maximum legal interest rate is 5% per month for loans under R15

Always confirm full costs upfront so there are no surprises. Reputable lenders will be transparent about all fees.

The Final Verdict

Overall, payday loans can provide fast access to emergency funds when used carefully for temporary shortfalls until payday. Just be sure to compare multiple lenders, read contracts carefully, borrow only what you need, and have a repayment plan.

My top recommended lenders in Johannesburg are Loan4Debt, Letsatsi Finance and Loan, and Etikes Trading & Boodle.


By QueenB

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