Cash Loan FAQs

Use the calculator to choose an amount and term, then click Apply now and fill in one short online form. We send your application to a registered lender, who reviews it and contacts you.

About 3 minutes to fill in the form. How long the review takes depends on the lender; most review applications during business hours.

Not for the EzyFund form. Before approving a loan, the lender may ask for a copy of your ID, a recent payslip or bank statements.

Yes, the form is online all the time. Lenders usually review applications during business hours, so a weekend application is often looked at on the next business day.

Yes. The form works on any smartphone, tablet or computer with an internet connection.

No. Applying is free and you are never obliged to accept an offer. You only take a loan if you accept and sign the lender’s agreement.

Yes. Applying through EzyFund costs you nothing.

The National Credit Act caps what a lender can charge. On short-term credit the maximums are interest of 5% a month on your first loan (3% a month on later short-term loans in the same calendar year), an initiation fee of R165 plus 10% of the amount above R1,000 (never more than R1,050), and a service fee of R60 a month. VAT is added to the fees. For example, R3,000 over 1 month on a first loan costs at most R3,638.75 in total.

Before you sign, the lender must give you a quotation that lists every fee and the total you will repay. Read it carefully and ask the lender about anything you don’t understand before you accept.

They can. The maximum interest drops from 5% to 3% a month on later short-term loans taken in the same calendar year. The fee caps stay the same.

It shows the most a loan can cost at the legal maximums. Your lender may charge less, and your written quote shows your actual cost.