Loans without affordability checks in SA

There are many loan options in South Africa than do not require affordability checks.

However, many of these loans have high interest rates and fees but if you do your research well enough you can find options with favorable terms that may suit your needs.

Amount 300 - 4500 R
Interest from 1 %
Loan term 5 days - 35 days

If you will get the loan of R300 with the term of 5 days, your totally payment would be R364.25. The fee is R64.25

Amount 500 - 40000 R
Interest from 5 %
Loan term 30 days - 12 months

If you will get the loan of R1.000 with the term of 12 months, your totally payment would be R2.160. The fee is R1.160.

Amount 500 - 300000 R
Interest from 5 %
Loan term 12 months - 7 years

Assumed borrowing of R15,000 over 15 months at a fixed rate of 28% per annum and a fee of R68.40 per month and initiation fee of R1,197 would result in a representative rate of 68% APR (fixed). The total amount repayable is R22,717.


Do I need to provide FICA documents for loans without credit or affordability checks?

Lenders that are registered with the NCR require your FICA documents and follow a KYC process before approving a loan application.

Do I need to be employed to get a payday loan?

Yes, you need to be employed and earn a regular salary that is paid into your bank account. There are also possibilities to get loans without payslip and bank statements.

What is a Title loan?

Title loans require you to put down an asset, generally your automobile, as collateral. The lender will give the loan in return, but you should expect significant monthly payments. You may lose your asset if you are unable to make the payments. If you lose your car, you may be unable to get to work and earn a living.

What is an affordability check?

In simple terms most financial institutions are obliged to determine whether you can afford to pay back the loan. They do this by looking at the following:

  • Your Income
  • Your monthly expenditure on bills and other regular payments
  • By working out how much you have left from your income, they can see how much you can afford to pay them on a regular basis.

This not only protects them from default, but it also protects you from taking on any credit which would otherwise cripple you financially because your income is not enough to service all your obligations. But if you must take on a loan and the affordability check is a stumbling block for whatever reason what are the options you have?

Loans without affordability checks

You can bypass an affordability check by finding loan options that require you to put down some form or collateral either a property or a vehicle which you own for example, can payout between R5000 and R500 000 and will use your vehicle as collateral which means once the loan has been approved your asset will be stored at a secure storage facility. Once you have fully serviced your loan you can go and collect your vehicle – the only drawback is you may lose possession of your vehicle if you are unable to pay back the loan.

Payday loans are another route. However, payday loans are notorious for their murky conditions and astronomical fees which often trap people in a never-ending cycle of debt.

On the other hand, there are options that have gentler fee structures and do not require you to risk your assets.


Look in the following if you want to secure access to cash quickly and easily with no affordability checks:

  • An early payday app such as which allows employees to cash out a percentage of their earnings and this amount is deducted at the end of the period from their salary.
  • Ask a family member or friend for the cash but you must beware of the possibility that borrowing money from friends and family may damage the relationship for a variety of reasons.
  • Request a cash advance or loan from your employer – some employers may make this option available to employees based on their term of service
  • Online lenders may grant you a loan based on proof of income which does not necessarily look at your affordability


Affordability checks are a sometimes a necessary step in responsible lending, but many South Africans are require cash urgently and the affordability check is a barrier. However, there are numerous ways to get loans that require little or no paperwork and have reasonable terms but majority of loans that do not require affordability checks usually have higher fees to mitigate the risk for the lender.

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