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Do you have a bad credit score ? Don’t worry, we have a few list of Loans without affordability checks South Africa online in 2025.

Can I Get A Loan Without Affordability Checks?

Yes, you can borrow money from some loan organizations, that offers payday loan, short term loans, personal loan especially from banks or any financial situation and if it gets negative, you still stand a chance of getting a quick loan without any credit checks.

One of the reasons why payday loans are so popular despite their high-interest fees is that you can instantly get the loans without affordability checks, even with a poor credit score or negative account.

Why Apply For Loans Without Affordability Checks ?

When you are in desperate for cash or you have an emergency, a loan is the next best option.

But without the necessary paperwork or a clean credit profile, it will be a real challenge to get credit with mainstream lenders.

In that case, you might be tempted to go for loans without affordability checks and some of these credit providers offers Loan in minutes.

How Loans With No Credit Checks Works ?

In short, these are loans given to consumers with a bad credit or a poor credit history. The loans also serve those who have been blacklisted by the Credit Bureau and those with no credit history.

Whenever you apply for a loan, the lender must evaluate two critical factors before they can accept your application.

One is your creditworthiness, and the other is your loan affordability. Your creditworthiness is your likelihood of repaying the loan.

Lenders will want to know whether you are a reliable borrower. In contrast, an affordability check evaluates if you can afford the loan.

The lender evaluates if you’re capable of paying the loan, either in full-payment or in instalments within the stipulated time-period.

Once lenders ascertain you can pay monthly payments towards the loan, they are likely to approve your loan.

However, Loans without affordability checks usually require minimal paperwork. Lenders that work with this system will not review your credit profile to determine your creditworthiness.

But it is important that you have a reliable source of income. That’s the only leverage these micro-finance companies have.

In fact, it might be hard to find a reputable lender who doesn’t do a loan affordability check, even though a credit check isn’t a must.

Requirements For Loans Without Affordability Checks

Before your loan application is approved, there are certain Information needed for your loan approval.

• Have a stable job, preferably full-time.

• Your identity documents.

• Proof of residence.

• Be at least 21 years of age etc…..

How To Identify Loans Without Affordability Checks

When taking out a personal loan, the application process generally involves filling out a form with your information, such as your personal and financial details.

Credit providers are especially interested in your financial details. For example, they want to know your monthly income and expenses or household budget before approving your application.

They also want to know your debt to income ratio, which compares your monthly earnings to your monthly debt payments.

In addition, the lender will require documents to support the information in your application form, which is why they often ask for an ID and the latest payslips and bank statements.

The lender will take it a step further by looking at your credit history to see how much debt you have and if you have room in your budget for another loan.

They will use this information to determine if you can afford the loan amount you asked for, hence the name affordability check.

Given all this, it simply means that loans without affordability checks are when the lender doesn’t carry out all or some steps to see if you can afford the personal loan you’re applying for.

Overall, getting a loan without an affordability assessment makes it easier and faster to get approved.

Types Of Loans Without Affordability Checks

These are the types of loans options to go for incase you want to borrow money without credit checks:

• Personal Loans

A personal loan is money you borrow for just about any purpose, including debt consolidation, an unexpected medical bill, a new appliance, a vacation, or even a student loan.

You pay the money back—including interest—in monthly installments over time, usually two to five years, Most personal loans are unsecured, meaning they are not backed by collateral.

The interest you pay is expressed as an annual percentage rate (APR). The average APR on a personal loan is 9.41% as of June 2019, but it can range from 6% to 36% depending on your creditworthiness, including an examination of your income, debts, and credit score.

• Short Term Loans

A short term loan is a type of loan that is obtained to support a temporary personal or business capital need.

As it is a type of credit, it involves repaying the principle amount with interest by a given due date, which is usually within a year from getting the loan.

A short term loan is a valuable option, especially for small businesses or start-ups that are not yet eligible for a credit line from a bank. The loan involves lower borrowed amounts, which may range from $100 to as much as $100,000.

Short term loans are suitable not only for businesses but also for individuals who find themselves with a temporary, sudden cash flow issue.

Short term loans are called such because of how quickly the loan needs to be paid off without affordability checks.

In most cases, it must be paid off within six months to a year – at most, 18 months. Any longer loan term than that is considered a medium term or long term loan.

• Payday Loans

A payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on your income.

Its principal is typically a portion of your next paycheck. Payday loans charge high interest rates for short-term immediate credit. They are also called cash advance loans or check advance loans without affordability checks.

Payday loans charge borrowers high levels of interest and do not require any collateral, making them a type of unsecured personal loan.

• Secured Loan

A secured personal loan is your best bet if you want to qualify for a larger loan amount. The lender will require security for the loan, usually in the form of your car.

They will seize the asset from you to recover their money if you can no longer afford the loan. Since this reduces the lender’s risk, they may not look closely at affordability, which increases your chances of approval.

Credit Facilities Offering Loans Without Affordability Checks / Income

• Blink Finance

Blink Finance is a top credit facility in South Africa that offers short term payday loans of up to R4000 to individuals which is paperless, and is given to you the same day without collateral.

Getting your loan application approved with Blink Finance has to do with these procedures:

• Select your desired loan amount using the online loan calculator found on their homepage.

• Then, enter your South African ID number.

• Blink Finance will use this information to perform a credit check.

• Once you are approved, you can proceed to the next step.

• Southern Finance

Southern Finance Loans is an online credit facility that makes secured and unsecured loans to individuals with a wide variety of financial situations.

At Southern Finance, they offer a quick and convenient solution from any short term financial you may have, from paying unexpected bills and much more.

• Makanda Finance Loan

Are you in need of urgent cash loan? Then Makanda Finance is the right loan option suitable for your financial situation which offers Instant loan approval in minutes without collateral.

Makanda is an online credit facility in South Africa that offers quick loan for poor affordability with Instant approval without any paperwork or collateral and gives access to loans up to R5000.

• Hoopla Loans

There are so many payday online loans in South Africa Just like hoopla loans which is an online loan matching broker that works with a variety of NCR licensed direct lenders in South Africa.

Hoopla Loans is a new age online loan platform that provides a safe and easy loan matching service for online same day loans in South Africa.

This means that unlike other online loan websites in South Africa, hoopla loans genuinely compare different lenders and then match you to ones who are able to approve your payday loan or personal loan.

Hoopla loans also don’t charge any fees whatsoever and can never ever share your information with anyone other than the people processing your loan application.

You are able to use your cash advance in South Africa for any purpose, and you are also able to repay it over a period that suits you.

• Dunami Loan

Dunami Loan is a quick free credit facility in South Africa that offers small, hassle and free loans from R100 to R5000 without any checks, paperwork or collateral.

Dunami Loan is a registered credit service provider in South Africa that provides Finance for small and big lending with a repayment term of up to six months.

• Finance 27 Loan

Finance 27 is an online credit facility in South Africa that offers Instant, straight forward and flexible short term loans for clients across south africa.

With a strong background in the financial sector and passion for what they do, Finance 27 can address your Financial requirements expertly whilst providing unparalleled customer service.

They operate from Cape Town to Kathu, they have helped clients achieve the financial freedom – and the peace of mind they desire.

Their transparent, simple online approach combined with their customer-centric ethos has seen them cultivate a strong reputation across South Africa.

• Lime Loans

Lime24 is a Financial technology company that provides digital solutions to change how people borrow money in South Africa.

They are entity of a larger holding group company Lime Credit Group, utilizing advance algorithm and machine learning capabilities that helps to offer a platform for a customized approach towards Lending.

• Fasta Loan

Fasta Loans is another quick cash loan in South Africa offering personal loans of R8,000 without any credit checks, paperwork or collateral.

FASTA (Pty) Ltd is a dynamic Fintech business offering consumers a new payment method for their online and in-store purchases. Enabled through innovative technology, FASTA provides customers with access to credit in minutes.

Just Like Capfin Loan, Finchoice Loan, Nedbank Loan, Atlas Finance Loan, Hippo Loans etc. FASTA’s self-service application process is entirely online. It is fast, secure, simple and easy to use, offering consumers up to R8000 which can be repaid over 4 months.