Here’s a comparison table summarising the 5 short-term loan providers I mentioned. Use this to quickly compare their key features side by side — but remember: loan terms vary by applicant (income, credit history), so treat these as general indicators rather than guaranteed offers.
| Provider | Typical Loan Amount Range | Repayment Term / Period | Notable Strengths | What to Check / Consider Before Borrowing |
|---|---|---|---|---|
| Wonga South Africa | Small to medium short-term loans (common entry levels) | Weeks to a few months (short-term) | Fast online application; widely known; transparent cost breakdown | Ensure total cost (interest + fees) is manageable; check repayment dates carefully |
| Boodle | Small to modest short-term amounts (micro-loan range) | Short-term (few weeks to few months) | Very quick approval process; user-friendly; good for emergencies | Confirm fees, service charges, and affordability before accepting |
| Lime24 | Small-to-medium short-term loans | Typically quick payout — repayment over short period | 24/7 digital accessibility; fast approval & payout | Check interest & fees carefully; ensure realistic repayment plan |
| Capfin | Small to mid-range personal/short-term loans | Short to medium term depending on loan size | Option for in-store or online applications; potentially more flexible for users without strong credit | Review full cost including admin/initiation fees and monthly repayments |
| FinChoice (incl. personal / short-term credit) | Small to moderate loans | Short to a few months repayment cycles | Offers flexibility; suitable for small emergencies and manageable loan sizes | Confirm the repayment schedule, interest rate and total repayable amount |
How to Use This Table
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If you need very quick cash with minimal hassle: Boodle, Lime24, or Wonga often deliver fastest — good for emergencies.
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If you prefer predictable repayments and slightly larger amounts: Capfin or FinChoice may be more suitable.
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Check total cost, not just loan amount: Always ask for full breakdown — interest, admin fees, service fees — before you accept.
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Make sure repayments fit within your budget: A short-term loan’s high cost can strain finances if you overextend.