Are pay day loans only short term?

At PayDay Loans, all our loans are short term. This is because when financial tough times hit, short term loans are the easiest option to turn to. While there are many lenders who are willing and happy to offer loans, every lender has their own qualifying criteria, and in some cases, these loans can get you into more financial trouble than you were in before taking out the pay day loan.

Before you apply for a short-term loan, it is important to know what the qualifying criteria is. At PayDay Loans, you must be a South African citizen, be older than 18 years of age, be permanently employed, have a regular salary of no less than R4000 per month, and hold a valid bank account.

At Payday Loans, we are committed to responsible lending and advise you to only borrow as much as you can afford to pay back. Apply for your short-term loan with us for peace of mind.