Loans up to 350,000R

Looking for a online loan? YourLoan24 will find your best options fast with only 1 application!

  • Fast Approval
  • Multiple Offers
  • Simple Application
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Representative example: Estimated repayments of a loan of r30,000 over 36 months at a maximum interest rate of 29.25% apr would be r1,381 per month including fees. Repayment terms can range from 2 – 72 months. Myloan is an online loan broker and not a lender. Our service is free, and we only work with NCR-licensed lenders in South Africa. Interest rates charged by lenders can start as low as 19.25% apr, including an initiation and service fee determined by the lender. The interest rate offered depends on the applicant’s credit score and other factors at the lender’s discretion.

Loans – Flexible Financial Solutions for Your Needs

When unexpected expenses arise or you’re planning a big purchase, loans offer a convenient way to access the funds you need. With online loans, the process is fast, straightforward, and entirely digital. No more waiting in long lines or filling out piles of paperwork – simply apply for a loan online and get the funds deposited into your account quickly. Whether you’re looking for personal loans, short-term loans, or something more specific, YourLoan24 helps you find the best options available.

Benefits of using YouLoan24 for Online Loans

  • Quick and simple application: Complete your loan application online in just a few minutes.
  • Instant decisions: Get immediate feedback on whether your loan is approved.
  • Flexible terms: Customize your loan repayment schedule to suit your financial situation.

How Do Online Loans Work?

Online loans are designed to make the borrowing process as simple and efficient as possible. Everything is done digitally, from submitting your application to receiving the funds. This is especially useful when you need quick access to cash without unnecessary delays. Once you’ve submitted your loan application, you can receive approval within minutes, and the money will be deposited into your bank account shortly after. If you’re considering a payday loan for fast access to cash, it might be a suitable option for you.

How to Apply for a Loan in 3 Simple Steps:

1. Enter loan details

Set desired loan amount and duration.

2. Compare your options

Choose the loan option that suits you best.

3. Apply online

Apply on the lender’s website, without obligation.

Why You Can Trust YourLoan24

Verified Providers Only

We partner exclusively with selected and verified providers to ensure fair loan conditions and trustworthy service.

Free & Transparent Service

Our comparison service is completely free to use and does not affect the prices of the loan options you see.

Quick & Secure Application

Get a quick overview of suitable loans and apply securely online, ensuring your personal information is protected.

Requirements for Applying for a Loan

To apply for a loan, you will need to meet a few basic requirements. While the exact criteria may vary between lenders, the following are typical:

  • Age: You must be at least 18 years old.
  • Income: Proof of regular income is typically required to ensure the ability to repay the loan.
  • Bank account: You’ll need a valid bank account to receive the loan funds.
  • South African residency: A valid South African ID or proof of residency is required.

Representative Loan Example

To help you better understand how a typical loan works, we will provide an example outlining the interest rates, repayment periods, and total cost of a loan. This will give you a clear idea of what you can expect when taking out a loan through our platform.

Loan AmountR50,000
Term60 months
Monthly paymentR1,015.13 – R1,728.38
Variable debtor interestMin. 7% – Max. 27.75%
Max APRMin. 8% – Max. 31.75%
Minimum – Maximum termMin. 12 – Max. 240 months
Other feesR0
Total credit costsR10,907.80 – R53,702.80
Total costs (for whole period)R60,907.80 – R103,702.80
Representative Loan Example

Loans can differ based on several factors, such as your income and whether you’ve chosen a short-term loan or loan over a longer term.

Online Loans

Applying for online loans has never been easier. The entire process takes place online, from application to approval, making it incredibly convenient for those who need fast access to funds. Whether you’re dealing with an emergency expense or planning a large purchase, online loans provide a seamless solution that allows you to secure financing without leaving your home.

Why Choose Online Loans?

  • Apply 24/7: Submit your loan application anytime, from anywhere.
  • Fast approval: Get a decision in minutes, not days.
  • No paperwork: All processes are digital, saving you time and hassle.

Do you already multiple active online loans? If you do, it might be a good idea to consolidate them. This could help you get a better interest rate and give you a clearer overview of your finances.

Things to Be Aware Of Before You Apply for a Loan

Before submitting your loan application, it’s important to understand the full terms and conditions associated with your loan. Here are some key factors to keep in mind to ensure you’re making a sound financial decision:

  • Interest rates: Always review the interest rate to understand how much you’ll repay over time.
  • Repayment terms: Make sure the loan’s repayment schedule fits within your budget.
  • Additional fees: Be aware of any setup or late fees that may apply.

If you are looking for loans with bad credit there might be increased interest rates or additional fees. Be sure to read through all terms carefully.

Take the Next Step with Confidence

Getting a loan through YourLoan24 is a fast, easy, and reliable way to secure the funds you need. Whether you’re looking for online loans or other financing options, our platform helps you compare the best offers and choose a loan that suits your financial situation. Apply today and take control of your finances with confidence!

Do you already have one or more loans?

Replacing your current loan with a new one often results in a lower interest rate / expenses and thus saves you money

Frequently asked questions

You will find the answers to the most frequently asked questions right here.

Can unemployed students apply for loans?

Yes, unemployed students can apply for loans, but the options may be more limited. Some lenders and financial institutions offer student loans that do not require employment but may require a guarantor or proof of other income, such as financial aid or scholarships.

Which banks offer debt consolidation loans?

YourLoan24 offers debt consolidation loans. It’s always a good idea to compare offers from multiple banks to find the best terms and interest rates for debt consolidation. When applying through YourLoan24, you will receive multiple offers back that you can compare.

How long does it take for loans to get approved?

The approval time for loans can vary on the lender and the type of loan you’re applying for:
Online loans: Can be approved within minutes to a few hours.
Bank loans: May take 1-5 business days, depending on the bank’s processes.
Specialty loans (e.g., home loans): Can take several days to weeks for approval.