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Product Guide: IEMAS

Quick Loan Overview:

  • Maximum term of loan: 60 Months.
  • Annual Percentage Rate: Prime up to 34,85%.

Whether you want to improve your lifestyle or have an expense to pay a personal loan form Iemas can help you.


  • Your qualifying loan amount is dependent on your individual profile, income, expenditure and credit profile.
  • Unsecured and secured loan options are available.
  • Members provide security for secured loans such as investments which are ceded, life policies with a cash or surrender value equal or more than the loan amount.
  • The maximum repayment term is 60 months.


  • Competitive interest rates and you receive an annual member benefit on the interest you pay.
  • Salary deductions save on debit order costs through a bank.

What do I need to apply?

  • ID or a certified copy of your ID.
  • Three latest pay-slips.
  • One month’s bank statement.
  • Proof of residential address.
  • Affordability assessment.


Q: What does the credit life insurance cover on my loan product?
A: In the case of death or when you are declared 100% medically unfit to work, this policy will settle the outstanding balance of your loan. This policy does not provide cover for retrenchment.

Q: How does Iemas calculate interest?

A: Interest is calculated daily on the outstanding balance as at the beginning of the month plus the previous day’s interest.

Synopsis on Iemas:

Iemas is South Africa’s largest co-operative that offers financial services to members employed by Employer Groups who have a signed agreement with Iemas. Iemas is also a brokerage that offers short-term insurance to general public.

Iemas provides affordable and competitive financial solutions to their members across South Africa. As a caring partner, Iemas advises and supports their members to ensure that they receive quality product services suited to their individual needs.

A co-operative is member-owned. This means that Iemas is not about making big profits for shareholders but rather creating value for their members. This is what gives Iemas a unique character and influences their core values.

With a history of spanning over more than seventy-five years, Iemas has solid experience in the financial services industry. The vision that Iemas is working towards is to become the most preferred co-operative in South Africa that offers financial services.

Range of products include:

  • Vehicle Finance.
  • Purchase Card.
  • Mini, Maxi and Personal Loans.
  • Emergency Loans.
  • Educational Loan – GradUcare.
  • Educational, Retirement and Savings Plans.
  • Pension-backed Home Loans.
  • Short-term Insurance.
  • Funeral Policies.
  • Life Cover and Accident Cover.
  • Estate Planning and Wills.


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Quick Personal Loans Overview

  • Minimum Loan Amount: R1,000
  • Maximum Loan Amount: R40,000
  • Maximum Length of the Loan: 9 Months
  • Minimum Length of the Loan: 60 Months

Flexible Loans, on your terms with Izwe Loans

If you need a Loan, Izwe Loans believes it's easier than you think. They offer various forms of personal loans ranging from R1,000 to R40,000 with loan repayment terms ranging from 9 to 60 Months.

Let's have a look at the various personal loans from Izwe Loans and the processes involved.

Personal Loans (broken down into categories below after How it Works)

Izwe Loans offers purpose based personal loans to suit your personalized needs, with affordable monthly payments.

Whether you need funds to build or renovate your dream home, pay for your child’s education or you need to consolidate your current debt  for any unforeseen expenditure. Izwe Loans offers personal loans with terms ranging from 9 months – 60 months (5 years) and from R1 000 to R50 000.

How it Works

What do I need in order to apply for a Personal Loan?

  • Valid SA ID or driver’s licence.
  • Your most recent payslip.
  • 3 months bank statements.

Building Loans

We all have dreams of how our future home will look or have an idea in our head of how our homes can be improved. There is nothing more frustrating than having to wait to be able to afford these dreams.

Whether you have changes you are currently trying to pay off or ideas about what you will do in the future, an Izwe Loans building loan can help you with the finances needed.

Student Loans

Are you stressed about paying off your child’s school fees?  Do you need help paying for your child’s tertiary education or even registration to secure them a different future?

We are all aware that school and tertiary education comes with a high price tag. Education is vital if we want our children to succeed in life. Children need to attend school and a tertiary institution in order to grow into mature and intelligent adults. This places a lot of pressure on ourselves in everyday life to ensure our children’s future education or potential growth.

Izwe Loans’ Student Loans allow you to pay off your child’s education over a period of time that is tailor made to your personal circumstances. This can be done over as little as 9 months or as long as 60 months, depending on your financial situation.

Debt Consolidation Loans

Do you sometimes wish that you could combine all your debt under one roof? Are you tired of having a never ending list of people or companies you owe money to every month?

If you are having difficulty repaying several loans, you should consider a consolidation loan. You may be more familiar with the term “debt consolidation loans”. It allows you to take multiple outstanding debts and consolidate them into a single, more manageable loan. In other words, you will take out one new loan and use that loan to pay off all your other debts.

What does this mean?

A consolidation loan will;

  • Give you the security of a fixed-rate loan;
  • Lower your monthly payments;
  • Help you obtain a lower-interest-rate loan.

General Loan

Want to spoil yourself? Need a gift for someone special or need money for an unforeseen circumstance?

Izwe Loans gives you the freedom to spend your money however you feel fit. Whether you need the money to assist you with an unforeseen life event or even a well-deserved vacation , Izwe Loans grants you the freedom of choice to do what you want with your money.

They offer general loans ranging from R1,000 up to R50,000 and terms ranging from 9 to 60 months.

Some Background on Izwe Loans


Izwe Loans enables people to enrich their lives by providing them with ready access to useful financial solutions.

Izwe Loans (Pty) Ltd is a specialist finance company targeting the formally employed market with an unsecured term-loan offering. The company has grown into a dynamic, rapidly developing pan-African micro-finance organisation with operations in South Africa, Zambia, Ghana and Kenya.

Izwe Loans (Pty) Ltd was established in South Africa in 2004 opening its first branch in Pretoria, Gauteng. Since then, there has been a steady and managed progression of branch openings. Izwe Loans is now represented by 18 branches nationwide.

In Zambia, Ghana and Kenya, the businesses are managed by experienced local management teams, with effective central support from South Africa.

Izwe Loans operates as a registered micro-financier and makes unsecured loans which currently do not exceed R50,000 with tenors up to 60 months. Izwe Loans has disbursed over R1 billion to date to over 150,000 customers.


  • National Credit Regulator (NCR)
  • Financial Services Board (FSB)


  • National Credit Act (NCA) promulgated in June 2006
  • Long Term and Short Term Insurance Act

Investor Relations

Established in 2004, Izwe Loans is a specialist Financial Services Company offering unsecured term loans to the formally employed but under-banked market.

In just under ten years Izwe Loans has established itself as a pre-eminent Pan African Financial Services Player. Izwe Loans operates through subsidiary companies, with 18 branches in South Africa, 9 branches in Zambia, 6 in Ghana and 12 in Kenya. The Company has developed a strong agent distribution network in all the countries of operation, with particular penetration into the rural areas. To complement the agent channel, Izwe Loans commenced a digitally-based distribution business in January 2012.

Izwe Loans is managed by a team of highly experienced South African micro finance professionals from its Johannesburg head office on much the same principles as the formal banking sector. In Zambia, Ghana and Kenya, the businesses are managed by experienced local management teams, with effective central support from the South African team. Credit is provided through electronic banking channels to salaried employees with stable monthly incomes.

Through online credit scoring models and an integrated debtor management system, Izwe Loans considers itself as an industry leader in application turnaround, often achieving same day pay-out. As part of their risk mitigation in Zambia, Ghana and Kenya, Izwe Loans only takes on loans where repayment can be routed through salary deductions, significantly reducing counter-party risk.

[collapse title="Lamna"]

Quick Personal Loan Overview

  • Minimum Loan Amount: R10,000
  • Maximum Loan Amount: R250,000
  • Maximum Length of the Loan: 72 Months
  • Minimum Length of the Loan: 72 Months
  • APR: 32%

Get a loan against your assets with Lamna

Do you want to increase your liquidity with a discreet, short term loan against assets?

This could be your solution.

The Lamna consultants assist high net-worth individuals in obtaining short-term loans against their valuables. This includes luxury motor vehicles, fine art and jewellery. Your asset value basically determines your loan amount.

Lamna's experienced team of financial advisors, chartered accountants, lawyers and trained appraisers will process your short term loan promptly and with discretion. They are fully compliant with the National Credit Act and focused on providing you with cost-effective financing solutions through excellent service.

Interest is payable monthly and the short-term loan is repayable at the end of the agreed loan term. Once the interest and loan have been repaid, Lamna will return your valuables in the same condition as when they arrived.

To sum it up

So, simply complete and submit the online application form, providing as much detail as possible about the item(s) you want to use as collateral for a loan. Once you’ve done this, Lamna will contact you and arrange a convenient time to appraise the asset, conclude a loan agreement and transfer funds to you.

Some Background on Lamna and their Team

Lamna is a specialty finance company with particular focus on short-term asset backed transactions for high net worth individuals. They are dedicated to understanding the individual credit needs of their clients, and providing consumers with innovative and cost effective financing solutions. Lamna is fully compliant with the National Credit Act. Their clients can be confident of receiving competitive short term loans and the best available service while being protected by the lending and credit laws of South Africa.

The Lamna team comprises of: financial advisors, chartered accountants, lawyers and trained appraisers. All management and staff have been trained to understand and comply with the National Credit Act so Lamna clients can be assured of receiving the best service at the most competitive cost.


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Quick Long Term Personal Loan Overview

  • Minimum Loan Amount: R1,000
  • Maximum Loan Amount: R100,000
  • Minimum Length of the Loan: 13
  • Maximum Length of the Loan: 36 Months
  • APR: 32%

Quick Short Term Personal Loan Overview

  • Minimum Loan Amount: R500
  • Maximum Loan Amount: R8000
  • Minimum Length of the Loan: 2 Months
  • Maximum Length of the Loan: 6 Months
  • APR: ?

Quick Pay Day Loan Overview

  • Maximum Loan Amount: R8,000
  • Repayment Length of the Loan: 1 Month
  • APR: ?

Quick Debt Consolidation Loan Overview

  • Maximum Loan Amount: R100,000
  • Minimum Length of the Loan: 1 Month
  • Maximum Length of the Loan: 36 Months

Long Term Personal Loan with Letsatsi

Realize your goals with our long term loans

Planning that dream wedding or extending your home are plans for your future, and Letsatsi offers long-term loans to finance them without worry. Whatever the purpose of the loan, they have 3 long term payment options to help you realize those dreams any day that you need it.

Long Term loans

  • Loans from R1,000 up to R100,000
  • Choose either 13, 24 or 36 months payment terms

What do you need to apply?

  • Original ID book
  • 2 months payslips
  • 3 months bank statements

Why consider Letsatsi?

  • They have professional staff to advise you
  • They strive for same day payout

What can I use it for?

  • College or University fees
  • Weddings
  • Home improvements or renovations
  • Medical bills

Short Term Personal Loans

Letsatsi short term loans are the perfect solution to unexpected expenses.

Ever been in a situation where something breaks that you didn’t plan for? You may suddenly need a new clutch for the car, or fix the refrigerator, or perhaps you want to plan a little get away for your anniversary? Letsatsi short term loans are the perfect solution.

Short Term Personal Loans

  • Choose between 2 and 6 months payment terms
  • Loans from R500 and up to R8,000

What do you need to apply?

  • Original ID book
  • 2 months payslips
  • 3 months bank statements

Why consider Letsatsi?

  • Get approval within 1 hour
  • You can have more than 1 loan at a time should the need occur
  • They strive for same day payout

What can I use it for?

  • Education or School fees
  • Medical bills
  • Repairs
  • Family vacations
  • Unexpected expenses

Pay Day Loan

If you need a small or medium amount of money in a hurry then pay day loans are available. You will have the money paid to you now and the loan will come off your next salary.

  • Loans up to R8 000
  • 1-month repayment

Debt Consolidation

Repay all your expenses with a debt consolidation loan.

Not looking forward to the end of the month because of those piles of bills in the mailbox? You now have the option to repay all your expenses such as personal loans, store cards and credit cards under one consolidated loan.

Letsatsi offers you debt consolidation with loans of up to R100,000 and up to 36 months to repay – a convenient solution with one monthly instalment for your multiple loans.

The benefits of debt consolidation include:

  • 1 monthly instalment
  • Loans up to R100,000
  • 1 to 36 months repayment period
  • The convenience of servicing only 1 loan as opposed to many loans at once. (personal loans, store cards, credit cards)

What do you need to apply?

  • Original ID book
  • 2 months payslips
  • 3 months bank statements
  • Settlement letters

When to apply?

  • In arrears with your accounts
  • Listed at the credit bureau
  • Battling to manage loans and debts


[collapse title="Low Budget Loans"]

Quick Personal Loan Overview

  • Minimum Loan Amount: R500
  • Maximum Loan Amount: R3,000
  • Minimum Length of the Loan: 1 Months
  • Maximum Length of the Loan: 3 Months
  • APR: 60%

Low Budget Loans

Get a loan that ranges from R500 to R3,000 with repayments options from 1 to 3 months. Plus, cellphone airtime on credit as a value-added service to existing clients.

Some Background on Low Budget Loans

Low Budget Loans was established in 2004 by a group of bank managers who had a better understanding of how to provide faster / better / easier short term credit to the middle to higher income salary earner. They rapidly became the Service Provider of choice by providing exactly this.

Low Budget Loans follows the trend that technology should provide services to all South Africans, and that the traditional footprint of offices nationwide became redundant. Low Budget Loans focuses on centralization by dealing only electronically in each transaction. This enables them to offer their services to all South Africans nationwide.

Loan Budget Loans is committed to:

  • Responsible lending
  • Transparency
  • Complying with the rules and regulations as prescribed by the National Credit Regulator (NCR) and other regulatory bodies
  • Providing an excellent service and building a long-term relationship with our clients.

It is the mission of Low Budget Loans to solve the short-term and urgent cash flow problems of their clients with an equally short term and responsible solution.


[collapse title="Mafori"]

Quick Personal Loan Overview

  • Maximum Loan Amount: R10,000

Get a Personal Loan Up To R10,000.

Enjoy benefits like:

  • Personal Loans up to R10,000.
  • Educational Loans up to R15,000.
  • Emergency Loans up to R7,500.
  • Approval and Payout within 24 Hours.

Apply for a Personal Loan on the Mafori Finance website, or contact them for more information.

Who is Mafori Finance?

Mafori Group of Companies (“MGC”) was founded in 1998 as an Integrated Financial Services platform targeted at the South African population excluded (or under-serviced) by the currently available financial services industry of South Africa. The Group use partnerships, collaborations, educative engagements and accessible virtual spaces to achieve its mission. They actively engage the public and maximize the use of their employees’ talents and potential as well as organizational acumen.


Humane Banking for All.


To broaden access to quality and socially responsible banking.


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Student Loans for university students

NSFAS assists students who have the academic potential to succeed at university and who qualify in terms of the NSFAS Means Test for financial aid.

What is a Student Loan from NSFAS?

A student loan is the money you borrow from NSFAS to cover the costs of your studies at any of the 25 public universities in South Africa. The costs include tuition fees, residence or private accommodation costs, food, books and travel. This loan must be repaid to NSFAS when you have finished studying. Depending on your results, up to 40% of your NSFAS study loan may be converted into a bursary and you do not need to repay that amount.

NSFAS has very reasonable repayment terms, which are based on what you earn after you leave university. All loans that are repaid are used to fund other students who also need financial assistance. NSFAS gives loans to students without the need for guarantees or sureties from parents or guardians.


NSFAS has introduced a new system called sBux to pay students for food, accommodation, books and travel allowances.

What documents do I need when I apply?

When you apply for a NSFAS student loan, you must attach all the documents listed below:

  • Grade 12 Certificate.
  • South African Identity Document.
  • Proof of parent’s income.
  • Proof of registration at school, college or university of brothers and sisters who live in the same household.
  • Proof of registration can be obtained at the institutions where your brothers and sisters are registered at.
  • Certified copies of their Birth Certificates and their Identity Documents.
  • If you have a permanent disability, a letter from your doctor to confirm proof of disability.
  • Letter of acceptance from the public university or college where you have applied to study.

How do I repay the student loan?

NSFAS student loans are income-contingent. This means that repayment starts only when you have an income, usually when you start working. NSFAS will send you statements showing how much you owe and how much you must pay back each month.

It is your legal responsibility to keep in touch with NSFAS and to inform them of any change of address.

How are repayments calculated?

NSFAS has made repayments affordable for you. Repayments of your student loan are based on the salary that you earn, and start once your salary is R30 000 or more per year.

Payments start at 3% of your annual salary, increasing to a maximum of 8% when your salary reaches R59 300 or more per year. For example, this means you will pay back R900 a year on a salary of R30 000 a year, or R84 per month.

When your salary is R59 300 you will pay back R4 744 a year or R696 a month. NSFAS charges lower interest rates than banks. Interest is charged at 80% of the repo rate, which is the repurchase rate at which the Reserve Bank lends to commercial banks. NSFAS will continue to charge interest on all outstanding balances. It is therefore very important to start repaying your loan as soon as possible.

How will I repay the loan if I am unemployed or still studying?

You do not have to repay if you are unemployed or still studying, but you do have to provide written proof (in the form of an affidavit, valid for 3 months) to say that you are unemployed.

Please stay in contact with NSFAS and make sure that information such as your employment status and your personal details, including address and cellphone numbers, are up to date.

Does NSFAS pay registration costs for first-year and returning students?

Yes, but only for students where the Expected Family Contribution is 0 on the Means Test.

How is part of a NSFAS loan converted into a bursary that does not have to be repaid?

Up to 40% of your student loan may be converted into a bursary and does not have to be repaid, depending on your year-end results. NSFAS checks these results with the university at the end of every year of study.

Final Year Programme

Students in their final year of study, who will qualify to graduate at the end of the year, are eligible to be funded through the Final Year Programme. This is a special funding programme which was launched by the President in 2011. If you graduate in your final year, the loan is converted to a 100% bursary.  Students can only benefit from the Final Year Programme one time.

How do these bursary conversions show on NSFAS accounts?

Bursary rebates and your credit balance appear on your statement when NSFAS receives your academic results and refunds from the university. This takes place at the end of the NSFAS financial year in April.

Your academic results are used to calculate any bursary rebates: for example, 40% of your student loan will be converted into a bursary if you pass all courses; if you pass half of your courses, then 20% of the student loan will be converted into a bursary. If you don't pass any courses, you will not receive any bursary rebate for that academic year and you will have to repay 100% of your student loan.

What happens to any money left over from my NSFAS student loan?

Money left over from a NSFAS study loan is never paid out to you. The money is deducted from the balance you owe. You will not have to pay interest on it, and NSFAS will have more funds to help other students like you. Funds paid back to NSFAS are used as your first repayment of your student loan.

Some Background on NSFAS

To transform NSFAS into an efficient and effective provider of financial aid to students from poor and working class families in a sustainable manner that promotes access to, and success in, higher and further education and training in pursuit of South Africa’s national and human resource development goals.

The mission statement is made up of three distinct elements which describe why NSFAS exists, what they do, and the impact on their constituency:

  1. NSFAS exists to provide financial aid to eligible students at public TVET colleges and public universities.
  2. NSFAS identifies eligible students, provides loans and bursaries and collects student loan repayments to replenish the funds available for future generations of students.
  3. NSFAS supports access to, and success in, higher education and training for students from poor and working class families who would otherwise not be able to afford to study.


[collapse title="Opportunity Finance"]

Quick Personal Loan Overview

  • Maximum Loan Amount: R80,000
  • Maximum Length of the Loan: 48 Months
  • APR: 32%

Quick Business Loan Overview

  • Minimum Loan Amount: R1,000
  • Maximum Loan Amount: R150,000
  • Minimum Length of the Loan: 4 Months
  • Maximum Length of the Loan: 24 Months
  • APR: 60%

Opportunity Finance offers Loans for Lifestyle and Business

Opportunity Finance offers personal loans that cover the typical unexpected costs of life, to cater for needs like debt consolidation and upgrading your life, or to finance your Business.

Product Details of Lifestyle Finance:

  • Get up to R80,000 and repay in up to 48 months
  • Weekly, fortnightly and monthly repayment options
  • Repay by debit order or cash if you don’t have a bank account
  • Competitive interest between 21%-32% per annum
  • Get the funds in cash, in your account or paid to a third party, or even a combination of all 3!

What you will need to apply for a Personal Loan for Lifestyle Finance:

  • Your South African ID Book
  • A Copy of your Latest Payslip
  • A Copy of your Latest Bank Statement

Product Details of Business Finance

Opportunity Finance has also gone to great lengths to make sure they understand up and coming business' owners needs. They understand:

  • The NECESSITY for a small business to have access to flexible working capital.
  • The IMPORTANCE for  a small business to invest in assets such as machinery, equipment and vehicles.
  • The FRUSTRATION for small business owners of not being able to access finance due to lack of sufficient formal documentation.

Benefits to small and medium businesses:

  • Loan amounts range from R1,000 – R150,000 to meet working capital needs and finance the purchase of assets such as machinery and equipment, and business and home improvement.
  • Flexible loan repayment terms from 4 months to 24 months, with instalments payable weekly, fortnightly or monthly.
  • Competitive interest rates ranging from 23% to 60% per annum.
  • Loans can be paid into your existing bank account, with a pre-paid debit card or to the supplier from which you are purchasing.
  • Sole proprietors DO NOT need formal financial records (income statement and balance sheet) although it would be advantageous if you have these.
  • No need to have a bank account.
  • For loans of more than R150,000 Opportunity Finance does require collateral.

What do you need to apply for a Business Loan?

  • Must have been in business for 1 year.
  • Your green SA ID book.
  • Sole proprietors (i.e. where you own and run the business) Opportunity Finance would like to see the following documents:
    • Slips, invoices, receipts of purchases and sales for the last 3 months (if this is available).
    • A bank statement for the last 90 days (if you have a bank account).
    • Proof of residence (FICA document).
  • For close corporations Opportunity Finance requires:
    • CK1 and/or CK2 documents
    • Business Registration Number
    • ID number and names of members
    • Most recent financial statements
    • Proof of income and expenses
    • Bank statement for the last 90 days
    • Resolution from members, authorising the loan application with Opportunity Finance
  • For registered companies Opportunity Finance requires:
    • Company documents which include:
      • Founding statements, Articles of association, CM1, CM2, CM5, CM9, CM20, CM29
    • Most recent audited financial statements
    • Management accounts for the last 6 months
    • Bank statement for the last 180 days
    • Resolution authorising the nominated representative to apply for the loan
    • List of shareholders and their shareholding in the company
    • ID Number and names of Company Directors

How it will Work with Business Financing

  • Step 1 - Make an inquiry online, by phoning the Opportunity Finance national call centre or contacting one of their business development officers.
  • Step 2 - One of the Opportunity Finance business development officers will contact you and set up an appointment to meet you.
  • Step 3 - All the necessary financial and application information will be processed.
  • Step 4 - If Opportunity Finance has all the information that they require from you, they can approve and pay out the loan within 12 business days!

Some Background on Opportunity Finance

Opportunity Finance is part of Opportunity International, a global organization established by a group of dedicated Christians more than 30 years ago. Opportunity Finance is committed to providing affordable, transparent and relevant financial services that make a real difference in the lives of those who do not have easy access to financial services.


To become a sustainable and well-known household name that offers consistent, professional, accessible, timely and relevant financial services to small businesses and the formally employed.


In achieving its vision, it is important for Opportunity Finance to:

  • Be financially sustainable while still providing financial services to their clients that are fairly priced and in line with banking industry norms.
  • Build bank-like trust and focus on service excellence and professionalism.
  • Offer financial products and services to their client base that are simple to understand, have transparent pricing, that are accessible and relevant and that foster economic development.
  • Focus on building a culture of respect, transparency, honesty, and integrity in all that it does.

As part of a global network, they are dedicated to making a real difference in the lives of their clients and are committed to providing affordable, transparent and relevant financial products to those that do not have easy access to financial services.


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Quick Personal Loan Overview

  • Minimum Loan Amount: R100,00
  • Maximum Loan Amount: No Limit
  • Minimum Length of the Loan: 1 Months
  • Maximum Length of the Loan: 12 Months
  • APR: 32%

Get a Secured Personal Loan from Paragon Lending Solutions, no limit on funds, with a repayment maximum of 12 months.

What is Paragon Lending Solutions About?

Paragon is a private lending company that specializes in providing short-term secured asset-backed finance throughout South Africa to clients who do not meet commercial banks' credit criteria.

Their products are designed to afford clients the ‘breathing space’ to realize their assets without pressure or to secure long-term financing from a commercial bank once all the bank’s lending criteria have been fulfilled.

Paragon offers:

  • Innovative financing solutions for time-sensitive transactions throughout South Africa.
  • Funding for property purchases, working capital or other transactions.
  • Funding for clients who cannot secure loans from commercial banks.
  • Funding for developers to unlock the value in their properties.
  • Funding where there are no hidden costs and fees.

Paragon does not compete with banks in that:

  • It lends to clients who fall outside of the banks' lending criteria.
  • It subscribes to the principles of secured asset-backed lending.
  • It is a short-term lender secured by property.

Paragon advances funds:

  • Against security of first bonds over commercial and residential property.
  • For a maximum period of 12 months.
  • Where interest is serviced monthly and capital is repaid at the end of the period.

Paragon is a principal lender which has:

  • Its funding in place and a genuine appetite to lend.
  • The expertise in understanding the value and potential of fixed property.
  • A focus of improving its clients' financial position
  • The track record, operational systems, and people to be the leading credible non-bank lender in South Africa.
  • Paragon focuses on providing innovative financing where speed, reliability and attention to special circumstances are critical.


[collapse title="Quick Rands"]

Quick Personal Loan Overview

  • Minimum Loan Amount: R500
  • Maximum Loan Amount: R50,000

QuickRands Personal Loan Application

The quickest and easiest way to get personal loan funds that range from R500 to R50,000.

3 Easy Steps to a loan with QuickRands:

  • Select the amount you want
  • Fill out your details
  • Receive your loan

Why choose QuickRands

  • Quick and Hassle Free
  • Safe, Secure and Private
  • Customized Loan Solutions

What does QuickRands Offer?

  • They source the best loan specifically for your needs.
  • They compare loan offers from a number of credit providers to bring you the best loan for your credit rating and earnings level.
  • There is no additional cost to you by going through QuickRands – their service is 100% free.
  • They find the loan for you at the best interest rate and the one that will get you the cash quickest.
  • They do all the paperwork for you, so you can sit back and relax.
  • They chase the credit provider all day, every day, to get your loan to you. They act as your personal loan assistant.
  • They process your application within 24 hours.
  • All information processed is kept private and confidential and is transmitted securely and safely.


[collapse title="RainFin"]

Get a Personal or Business Loan with RainFin

For Personal Loans, you can expect

  • Paperless And Fast Application
  • 100% Transparent Fee Structure
  • Low Fee's And Flexible Interest Rates
  • Free Credit Advice To Improve Your Profile

For Business Loans, you can expect

  • No Security Required
  • Flexible Financial Assessment
  • Affordable Interest Rates And
  • Low Fee's
  • Fast Application And Assessment Process

RainFin has built their business through Marketplace Lending and Borrowing. They challenge the traditional one institution, many borrowers, low transparency and high margins with many lenders, many borrowers, high transparency, and profit sharing.

Some Background on RainFin

People Empowering People

RainFin's lending marketplace is an alternative way to borrow or lend money. Their online marketplace directly connects borrowers and lenders, allowing for a smarter, more efficient form of financial interaction.

RainFin's online marketplace ensures an alternative finance mechanism for consumers, giving the power back to each and every one of us. It's a more personal, powerful and poignant form of lending and borrowing.

How Marketplace Lending Works

Marketplace Lending exemplifies exactly that sense of concern for the fellow man. By taking financial control of the South African future, RainFin is able to help others embrace their passions and financially succeed. RainFin lets everyday South Africans lend to each other while enjoying lower fees and better interest rates.

RainFin has created a safe, quick and transparent environment in which borrowers and lenders can interact. Their unique community works together to ensure both sides see a positive return on their financial needs.

How Long Does It Take?

Once submitted, your loan application normally gets reviewed within a few hours. To streamline the loan process, ensure you provide the most accurate information possible. Once your loan reaches 40% of its value you will be able to cash out immediately.


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Quick Personal Loan Overview

  • Minimum Loan Amount: R1,000
  • Maximum Loan Amount: R125,000
  • Minimum Length of the Loan: 12 Months
  • Maximum Length of the Loan: 60 Months

If you're looking for a loan - RCS is there for you

If you're looking for extra cash, for whatever you need, you can trust RCS to make it possible. What you can expect:

  • Pre-qualification in seconds
  • A paperless process with no queues
  • Instant cash loan of up to
  • R125 000
  • Cash deposited within 24hrs
  • Competitive rates offered
  • Flexibility: 12-60 months to pay

You can apply for a loan with RCS through filling out their online loan application form. If you'd like to learn a bit more on how it works for you to be able to apply for an RCS Loan. Here's a handy list of criteria which you'll need to qualify for as well:

  • You must be 18 years old and older
  • You must have a South African ID
  • You must earn a minimum of R2000 a month
  • You must have a good credit record
  • You must hold a bank account
  • You must have your latest 3 months bank statements or 3 months’ salary slips

Some Background on RCS

The RCS Group (RCS) is a consumer finance business that offers its customers a range of financial services products under its own brand name and in association with a number of retailers in South Africa, Namibia and Botswana. The two primary business areas are Cards and Loans. The Cards Business provides convenient payment facilities to consumers, whilst the Loans Business offers consumers personal cash loans of up to R100,000 - whatever their immediate needs.

The core purpose of RCS is to enhance people's lifestyles and protect their financial security through innovative, desirable and accessible credit solutions. The idea is to enable RCS customers to enjoy the convenience, comfort and peace of mind offered by these credit solutions.

RCS is committed to making life purchases more accessible for its customers. The RCS Card is accepted at over 20,000 retail stores across South Africa. From fashion to furniture, automotive parts to home improvements and even the latest hi-tech electronic gadgets and groceries, one card gives a customer access to credit across South Africa's largest shopping network. Ultimately, it's about helping make the impossible possible in a challenging economic climate.

RCS does its best to provide you with all the information you need. If they missed something, they ask you to let them know through their contact form and they will respond to you in a short amount of time.


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Study Loan SA makes Study Loans possible through Distance Learning

If you are dreaming of furthering your studies and pursuing the career or promotion you’ve always wanted, they have a financial solution that could make this a reality for you.

Most people are worried about how they would pay for their studies and they get anxious thinking that they need all the money upfront. Well, no need to stress any longer. Study Loan SA has partnered up with a group of Distance Learning Colleges that offer study loans with affordable monthly payment schedules.

These Partner Colleges offer you great service and benefits, so if you are serious about studying, Study Loan SA recommends that you apply for a study loan at one of their Partner Colleges today.

How does it Work?

The Partner Colleges offer Distance Learning Courses and you would be studying from home in your free time. This means that you won’t attend any classes and can still have a full-time job while furthering your studies.

You can apply for a study loan at any of the Partner Colleges and they will contact you directly to make the necessary arrangements.

Once your study loan is approved, you will receive a monthly payment schedule and you can start your studies immediately. This means that you can “Pay as you Study” and repay your study loan in affordable monthly payments.

Learn more about the support distance learning institutions by clicking on this Partner Colleges link.

Some FAQ's regarding Study Loan SA

  1. Can I apply for a second study loan whilst still paying off the first study loan somewhere?


  1. What Happens if I can't repay my instalment?

Study Loan SA has a number of ways to help people who struggle to make their monthly payments. One of the options is that you take a break from your studies, for three months. In this time you don't study, and you also don't pay. Study Loan SA can also try and reduce the monthly amount, and then you pay for extra months to make up for the lower monthly fee. If you lose your job because you are retrenched, then you need to give them proof of your retrenchment, and then you can keep on studying for free.

  1. What happens if my study loan is approved?

Your approval for a study loan can only be used with the college you selected in the application process. When your loan is approved, the College is informed, and a Registrar from the College will contact you to complete your Registration. If a Registrar is available in the study loans office, then you will be contacted from there directly to complete your Registration.

  1. What happens if the payer of my study loan passes away or gets retrenched?

You need to give Study Loan SA proof of retrenchment or proof that the person has passed away. Once you have submitted proof, and it has been approved and accepted by us, then you continue your studies for free.

  1. Who can apply for finance from  Study Loan SA?

Anyone wanting to study with one of the colleges listed on the website.

6.If the student is currently studying with one of these colleges, can he/she apply for an additional study loan?

Yes. The student's past payment record will be used in determining if Study Loan SA approves a loan. All students on study loans have to sign a fixed term contract. This means that the student has to make all payments until the complete course fee is paid.


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Quick Personal Loan Overview

  • Maximum Loan Amount: R80,000
  • Minimum Length of the Loan: 1 Months
  • Maximum Length of the Loan: 60 Months

Personal Loans with UBank

Life is full of surprises, and sometimes that means you need a little bit extra. This is where you can look at the Ubank Personal Loan, so you can enjoy and handle life’s little surprises without worrying about how to afford them.

A Personal Loan Designed Around Your Needs

  • You can borrow any amount up to R80 000.
  • You can choose flexible Personal Loan repayment options from 1 to 60 months.
  • Risk-based approach – the interest rate will be based on your credit profile.
  • You can apply easily at any branch or by calling the UBank Contact Centre.
  • You can access your funds straight away from your Ubank account once your Personal Loan is approved.
  • As long as you earn a salary, have a bank account and are between 18 and 65 years, you can apply for a Personal Loan.
  • UBank will do a credit check to confirm that you have a healthy credit record and that you can afford the loan.

You Will Need the Following for the Personal Loan Application:

  • A green bar-coded identity book or South African passport.
  • Latest original salary advice.
  • Proof of physical address (not older than 3 months).
  • Your banking details and last 3 months’ banking statements (non-Ubank customers).
  • Two different contact numbers – one number for you and one for a relative.
  • A list of your expenses.
  • If you are married in community of property you will need to obtain written consent from your spouse.

Follow These Simple Guidelines to Make Sure You Know How Borrowing Money Will Affect You

  • Only borrow money if you are sure you can afford to make your repayments.
  • Only take a Personal Loan from a bank that you know or a registered microlender. Registered lenders have rules that protect you!
  • Draw up a budget to see if you have a surplus or deficit amount left after paying all your expenses. Make use of the UBank loan calculator to determine what it will cost you to take a loan.
  • Do NOT sign a blank document given to you.
  • Never pay any staff member cash in return for a quick Personal Loan.

When You Sign a Personal Loan Contract, Please Make Sure it has the Following:

  • The amount you are borrowing;
  • The number of instalments and how often you need to pay;
  • The amount payable every time you have to make a payment;
  • The amount of time the Personal Loan must be paid back in; and
  • The amount of interest that you will have to pay.

What If You Can’t Afford the Personal Loan Repayments Any Longer?

If you find yourself in financial trouble and cannot afford your Personal Loan please speak to your Ubank sales consultant urgently. This can happen to anyone and communication is key when it comes to resolving these issues.

Fees that you will encounter

  • Initiation Fee
  • Monthly Service Fee
  • Credit Life Assurance Premium
  • Interest Rate
    • Fluctuating variable interest rate linked to Prime.

Some Background on UBank

UBank is a well-established financial services provider that has grown over the years and managed to entrench itself primarily within the gold and platinum mining communities.

The mandate and plan to service the broader working market in South Africa has become imperative in order to extend affordable financial services to South Africa. Ubank has a strong presence and customer accessibility, mainly in selected mining and rural communities in South Africa.

UBank Uniqueness

Ubank has a long and rich history of providing basic financial services to mineworkers and their families spanning almost 40 years. In 1975, when other financial institutions largely ignored this sector of the market, Teba Cash Financial Services was formed to provide mineworkers with basic financial services. These included facilitating the remittance of funds to families and dependents in the rural and labour-sending areas using a linked account facility.

In the early 1990's, as South Africa was undergoing fundamental political change as a country the Godsell Motlatsi Commission was formed. This led to the transition from a savings fund into a commercial bank.

In June 2000, Ubank (then Teba Bank), was granted a banking license, although its ownership remained in the form of a Trust managed by trustees who are elected by the National Union of Mineworkers and the South African Chamber of Mines. The beneficiaries of the Trust are the Bank`s customers.

In 2007, Ubank welcomed a new vision, mission, set of values and strategy. Essentially, this saw Ubank set itself up to become the "Workers Bank of Choice".

In October 2010, the name of the bank was changed to Ubank and launched to the public. Since the birth of the new brand and strategy, various initiatives to improve and expand the business have been delivered.

Ubank is driven by a social consciousness that underpins all they do - their customers are their owners and UBank exists to serve them through the provision of financial services that meet their changing needs and improve their lives. UBank is proud of their long association with the mining industry, including mineworkers, mining companies, the National Union of Mineworkers and the Chamber of Mines who have played a significant role in the development of this Bank.


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Quick Pay Day Loan Overview

  • Minimum Loan Amount: R500
  • Maximum Loan Amount: R3,000
  • Minimum Length of the Loan: 5 Days
  • Maximum Length of the Loan: 37 Days
  • APR: 60%

Wannaloan?™ is all about Pay Day Loans

You can apply from R500 up to R3 000, qualify and get paid the same day!

Wannaloan is so confident in this that they have trademarked themselves with,


You can use this easy slider tool to determine your loan amount and repayment time and Wannaloan?™ will deliver some up to date fees for your pay potential day loan. If you're on Mobile, don't hesitate to check out their easy to mobile-site.

Wannaloan?™ also promises:

  • Paperless Application
  • First Five days interest fees
  • Payout within one hour
  • Three simple steps to getting paid

Why Wannaloan?™ is Here

Wannaloan™ was created for a sole purpose. They noticed that there was a growing number of South Africans who struggled to access short-term credit. Therefore, the Wannaloan?™ mission is to create a solution that will lift the burden of denial-of-credit for the little things by providing small loans over short periods. In the face of the deficient climate, Wannaloan?™ quickly became South Africa's premier payday lending company.

The Wannaloan?™ head office is nestled in the sunny city of Cape Town, South Africa. Their team works tirelessly to provide payday lending solutions to the South African public. Wannaloan?™ is part of the enterprising company Blackbird Group which is an established leader in the financial industry.

"Although our processes are automated and communication instant, Wannaloan?™ will constantly strive to champion the customer experience"- says CEO and founder, Nathan January.

As a uniquely South African company, they are committed to responsible lending and advise to only borrow as much as you can afford to pay back. Read more about the Wannaloan?™ Responsible Lending Practice. If you have any further questions.


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Quick Pay Day Loan Overview

  • Minimum Loan Amount: R100
  • Maximum Loan Amount: R8,000
  • Minimum of the Loan: 1 Month
  • Maximum Length of the Loan: 2 Months
  • APR per day: 0.17%

Wonga Loans boasts a quick and easy loan application process with some simple steps

  • Apply online 24/7
  • No hidden charges
  • No branch visits
  • Also available on mobile

There's a cool feedback statistic that will quickly show you whether Wonga is the loan provider for you. Wonga offers flexible, short term loans that are split into loans of up to R3,000 for new customers and loans of up to R8,000 for existing customers.

You can use their slider tool to have a glance at what your repayment and interest will look like. If you've sniffed out some suspicious behaviour, they also have a hotline on their homepage immediately available as a number or mail to make sure you're not being sharked by a Wonga imposter!

How Wonga Loans Work

Applying for a Wonga Loan is simple because their unique service is online from start to finish. To kick-off, use the sliders on the homepage to decide exactly how much cash you want to borrow and how many days you need it for. Wonga will show you the full cost and, once you're happy, you can click apply. They will then ask you for some personal details and banking information for their super-speedy credit check.

Wonga usually provides an answer almost instantly and, if approved, they send the cash to your bank before you know it! Wonga promises that this makes them the fastest and most flexible lender in the land.

On your chosen date, Wonga collects a single payment from your bank account, so you just need to ensure the required funds are available. You can initially request any amount up to R3,000 and, should you choose to use Wonga more than once and providing you use the service responsibly, they may gradually increase your Wonga trust rating, giving you more borrowing flexibility if you ever need it. Once you have an account, you'll find the application is even faster next time too!

If you would like to learn some more on Wonga Loans, view the informative infographic and their online tool on the How it Works page. Also, learn the Wonga perspective on some of the following:

  • Short Term Credit
  • Transparency
  • Failure to stick to your side of the deal

We definitely recommend having a look at the Wonga Advice page to learn more about loans and also score a free pdf guide called the Quick Guide to Borrowing.

Some Background on Wonga

Wonga was founded in London by two South Africans who wanted to the turn the credit market upside down. They spent three years perfecting the service in the UK, building it into one of the most innovative credit businesses around. Now they feel it is good enough to help customers in other regions, so it is only natural for them to want to bring it home to Mzansi. It is Wonga’s mission to solve people's short term and urgent cash flow problems with an equally short term and responsible solution.

Wonga plans to transform the South African credit market by offering small, short term loans online with more speed, convenience and flexibility than banks, traditional lenders and other websites. They remove the complexity and inflexibility consumers face whenever they need to borrow some cash in a hurry. They are a registered Credit Provider and are regulated by the National Credit Act.

Wonga Credibility

  • 99% of Wonga customers would recommend Wonga to their friends or family
  • 98% of Wonga customers found the service easy to use
  • 97% say they would use Wonga again if they needed another loan
  • 90% say using Wonga is either much better or better than using other credit providers


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Quick Pay Day Loan Overview

  • Minimum Loan Amount: R2,000
  • Maximum Loan Amount: R75,000
  • Minimum of the Loan: 12 Months
  • Maximum Length of the Loan: 60 Months
  • APR: 22.65%

Get a Resolving Personal Loan from Woolworths

There are times when all of us could use some extra cash to cover unforeseen expenses.

A Guide to the repayments

The Woolworths choice of repayment periods and interest rates are designed to make it easier for you to manage your personal finances.

Please note: The examples are provided for illustrative purposes only. The actual calculations for your loan will be shown on the Pre-Agreement statement and quotation.

Revolving Personal Loan

  • Flexible repayment terms of up to 60 months
  • Re-use all the money that has been paid back towards the loan
  • Low monthly service and initiation fees
  • Flexibility to increase your limit should you need extra funds
  • Flexibility to settle early without penalties
  • Flexibility to make additional payments towards your loan
  • Convenience of accessing cash through our interactive voice message system
  • Woolworths Personal Loan Pricing

Monthly Service Fee

  • Revolving personal loans: R32.00
  • Fixed term personal loans: Up to R53.00

Initiation Fee

Revolving personal loans: Up to R550.00

Collection Fee

  • Revolving personal loans: As per requirements of the Debt Collectors Act, No. 114 of 1998
  • Fixed term personal loans: As per requirements of the Debt Collectors Act, No. 114 of 1998

Optional insurance is available

For your peace of mind, Woolworths offers you a choice of two Balance Protection Insurance options, Basic Balance Protection and Comprehensive Balance Protection.

Cash In 48 Hours

Once the loan application has been approved, you will receive cash into your bank account within 48 hours.

Additional Funds

You can access cash on your loan account by contacting their call centre on 0861 50 20 10.


  • Interest will be charged according to the National Credit Act (NCA) and will never exceed the maximum allowed by the NCA.
  • The interest rate charged is a variable interest rate that is linked to the Repo Rate which may change from time to time.

Easy Payments

  • Payment by a monthly debit order is compulsory.
  • Additional payments can be made at any Woolworths store, deposited into any Absa bank branch or by Electronic Funds Transfer (EFT).
  • Electronic Statements
  • You can select to receive your monthly statements via email.

Easy Application

Just complete the application form online or apply in-store.

Peace Of Mind

Woolworths offers optional Balance Protection to cover you for death, retrenchment, critical illness and disability. Find out about your options.

To Qualify for a loan, You Must

  • Be 18 years of age or older
  • Have a valid South African ID
  • Be permanently employed
  • Latest three payslips or the last three months' bank statements
  • Have a bank account in your name


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Fincheck is a financial comparisons website that organises information to assist the borrower in making their best financial decision.

Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.