Payday Loans For Bad Credit South Africa

  • 2 Minute Application
  • Bad Credit Accepted
  • No Credit Check
  • Same Day Transfer

In case you need extra funds with bad credit before your next salary day. Your poor credit rating makes finding suitable lenders hard during a cash shortage. That’s why payday loans for bad credit in South Africa come in with fast approval than traditional loans.

We have some reliable lenders in your province to help you with this type of same-day funding Solution with no paperwork formalities. The overall process is online-based, which doesn’t make you go anywhere physically to apply for loans.

What is a bad credit loan?

Bad credit loans are specifically for those whose credit score is lower than required by lending institutions. These types of loans come with high-interest rates with no need for collateral. You can get them for a short period to meet your short-term needs.

The term bad credit mentions low credit score due to unable to pay bills on time, missing payments while making payments. Apart from that, you couldn’t maintain the guidelines of your credit agreements which affected your score badly.

You borrow such loans just like any other for handling unexpected emergencies that couldn’t be possible without money. Ensure you can pay off the loans on time to avoid high-interest rates and other penalties.

How do loans for a payday loans for bad credit score work from MoneyStar?

Your bad credit prevents you from getting approval for any financial services. But you can apply for online payday loans for bad credit in simple steps with online lenders at MoneyStar and get approval in minutes only.

Apply online:

  1. Fill out the application form: You must fill out an online form upfront with some of your banking details and add some personal details.
  2. Wait until approval: You must keep calm until your details are verified; then, you will get a loan contract on your mail id for a digital signature. You have to read the terms and conditions of the contract before signing.
  3. Receive money: You can collect it any time after signing the loan contract and sending it back to your lender.

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What can I use small payday loans for bad credit in South Africa for?

Borrowers usually take out small payday loans for bad credit to cover unexpected expenses that knock on their door before their next payday. You can also apply for such online funds if you usually face such expenses at cash shortages in your province. Certain types of expenses tease you during your emergencies.

Types of uses for payday loans in South Africa:

  • Rent: You can pay off your rent if the due date has arrived with no cash left.
  • Medical bills: you can pay off some medical bills for treatment purposes.
  • Debt consolidation: You can combine all your unpaid debts and pay them all at once using these funds.
  • Repair car: You can repair and return your damaged car to the road.
  • Home renovation: You can do your home renovation if you haven’t paid heed to it for so long.

Why choose MoneyStar if I need a payday loans for bad credit instant approval in South Africa?

You will find some valid reasons for choosing MoneyStar for payday loans for bad credit in South Africa.

Reasons to choose us:

  • Quick access: You can get quick access online to apply for these loans without hassle.
  • No paperwork: You don’t deal with paperwork formalities while applying for loans with us.
  • Approval with bad credit: Your bad credit is acceptable for getting approval for online funds.
  • Same-day funding: You get your funds the same day you apply.
  • No hidden charges: You don’t need to pay any hidden charges except interest rates associated with loans.

What are the benefits of instant online payday loans for bad credit?

Some benefits of instant online payday loans make them well worth to borrowers who need instant funds.

Benefit types of instant payday loans:

  • Convenient: You will experience convenience while applying for these funds with online lenders.
  • 24/7 available: You can apply for such loans anytime, 24/7.
  • Usable for anything: You can use these loans for almost anything.
  • No collateral: You are not required to put anything valuables to get money.
  • Minimum requirements: Payday loans have minimum requirements for you.

What are the potential disadvantages of payday loans for people with bad credit?

Nevertheless, payday loans are fast and convenient for borrowers, but you will also experience some disadvantages. Make sure you have learnt about them before you click on apply now.

Disadvantages of payday loans:

  • High-interest rates: You must pay high-interest rates during loan repayment.
  • Debt cycle: You can be in a debt cycle if you miss the loan payments while paying off your loan.
  • Short repayment time: You get less to repay your loan without missing your loan payments.

Why might I have bad credit?

There are various causes for having bad credit. But the most important is not making payments on time is the leading cause. Find out about some more reasons that pull your credit score down, making you helpless to avail of financial assistance.

Some pitfalls that make bad credit:

  • Failing to stick to a loan agreement: Not being able to manage and break a loan agreement causes a lowering credit score, so you shouldn’t do that under any circumstances.
  • Breaking payment chain: While making your loan payments, when you stop that all of a sudden then also your credit score falls.
  • Declaring bankruptcy: There is no doubt that declaring bankruptcy is one of the factors that lowers your credit score.
  • Multiple loans at a time: Applying for multiple loans simultaneously makes your credit score bad.

How can I check my credit score?

Your credit score helps lenders with a general picture to understand how reliable you are for making payments on time. The calculation for checking credit scores is made based on the specific information you will find below. Claim your free credit report here.

Some following steps:

  • Driving license number: You have to get your driving license number verified.
  • Name: Your name is significant for verification.
  • Residential address: Your residential address has to be verified.
  • Your date of birth: Your date of birth is mandatory to continue moving.

You can also request a copy of your credit report from credit agencies ExperianTransUnion, and XDS in South Africa. You must provide identification details to get a copy of your credit report.

Am I eligible to apply for a bad credit loan?

To meet with eligibility criteria of online lenders, you need some basic requirements for bad credit loans.

Eligibility requirements:

  1. Age: Your minimum age is required to be 18 or above that.
  2. Income: Providing an income source is mandatory to meet lending criteria.
  3. A bank account: Make sure you have a bank account for receiving fund purposes.
  4. Residential address proof: You need to provide your permanent residential address proof.
  5. Contact information: Your contact details are also necessary.

Can I get a short-term payday loan with a bad credit history?

Yes, short term payday loans with bad credit are basically for borrowers with bad credit scores to get approval for loans of any type. The good thing is that some limited lenders don’t require credit scores for online South African loans.

They only require you to prove your ability to make timely loan payments. Apart from that, you have to pay high-interest rates while paying off your loan than other loans you had to pay. Sometimes, your income source has to do a lot to get financial services.

Can I get a payday loan with no credit check?

Yes, you can get payday loans without credit checks in South Africa with some limited online lenders. But you must pay high-interest rates while paying off your loan, so you must tighten your pocket.

Online lenders don’t do credit checks when your financial problem is critical to get rid of. However, a Credit check is the primary step lending institutions take to make the right decision to help you financially.

But this doesn’t matter as much as your financial emergencies for some reputable lenders in your province. You don’t need to worry about your bad credit with us because our lenders differ slightly from traditional lenders.

Using the MoneyStar, you may get from R100 to R35,000 in just 5 minutes.

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Applying won’t affect your credit score

Micah Sedres

MoneyStar expert Micah strives to navigate finance niches like credit cards, loans, and mortgages easily. She helps hundreds of readers in credit building and provides money management tips. After regularly working for brands like, she joined the team as a staff writer to develop credit product reviews and comprehensive guides mainly focused on credit scores and loan/card offers.