Quick Loans up to R500 Online

A R500 loan can help cover a small cash shortage such as transport, groceries or an unexpected bill before payday. When comparing R500 loans in South Africa, look beyond fast approval and check the interest, fees and exact amount you will need to repay.

Search for loans
4 reviews APPLY NOW
Prime Loans - Payday loans in 15 minutes, fast application
APR from 29.25%
R500 — R8,000
20 — 64 years
from 5 to 35 days
APPLY NOW
Lend Plus - Instant Payday Personal Loans with Fast Application
APR up to 60%
R500 — R4,000
18+ years
from 5 to 90 days
APPLY NOW
Jabulani Money – Simple, Fast & Reliable Online Loans
5% per month
R500 — R8,000
18+ years
from 1 to 180 days
4 reviews APPLY NOW
CrediWise - Personal loan in 15 minutes
APR up to 60%
R500 — R4,000
18+ years
from 1 to 6 months
APPLY NOW
Century (Creditza) Cash Loans in SA: Apply Online for Same Day Payout
APR from 3.65% to 58.4%
R500 — R8,000
18+ years
from 1 to 6 months
APPLY NOW
CreditBar - Online Loan in South Africa - Up to R 5000
R500 — R5,000
18+ years
from 7 to 61 days
APPLY NOW
ClickCredit - Apply for payday loan online, instant approval
3%-5% per month
R500 — R8,000
18+ years
from 5 to 40 days
APPLY NOW
GoTyme Bank - Affordable personal loans in South Africa
R200,000
18+ years

R500 loan overpayment at 3% and 5% per month

The table shows an illustrative interest overpayment for a R500 loan. The calculation assumes simple interest, a 30-day month and does not include fees or other charges.

Loan term

3% per month

5% per month

10 days

R5.00

R8.33

30 days

R15.00

R25.00

60 days

R30.00

R50.00

90 days

R45.00

R75.00

Frequently Asked Questions about R500 loans in South Africa

What repayment period can I choose for a R500 loan?

R500 loans are generally suited to short repayment periods. Available terms vary between lenders, so compare the repayment date and total cost before choosing an offer.For loans of less than R8,000, the terms usually do not exceed 6 months.

Is a R500 loan normally paid back once or in instalments?

It can depend on the lender and loan term. Some small loans require one repayment, while others may use scheduled instalments shown in the credit agreement.

What is the overpayment on a R500 loan?

Overpayment is the amount you pay above the R500 borrowed. It can include interest and applicable fees, so use the total repayment figure in the lender's quotation when comparing offers.

Are there extra charges on a R500 loan?

There may be permitted initiation or service fees in addition to interest. Because R500 is a small principal amount, check these charges carefully before accepting the loan.

What happens if I cannot repay R500 on time?

Contact the lender as soon as possible. Late or missed payments may lead to additional costs and can affect your credit record, depending on the circumstances and the credit agreement.

Quick Loans up to R500 Online in South Africa

Interest
Loan amount
Term
NCR Registered
Get Cash
APR from 29.25%
R500 — R8,000
from 5 to 35 days
Company Reg no.: 2024/739416/07, Credit provider Reg. no.: NCRCP20937
Get Cash
Get Cash
APR up to 60%
R500 — R4,000
from 5 to 90 days
Company Reg no.: 2023/805154/07, Credit provider Reg no.: NCRCP17814
Get Cash
Get Cash
5% per month
R500 — R8,000
from 1 to 180 days
Company Reg. no.: 2025/213906/07, Credit provider Reg. no.: NCRCP22362
Get Cash
Get Cash
APR up to 60%
R500 — R4,000
from 1 to 6 months
Company Reg. no.: 2025/543233/07, Credit provider Reg. no.: NCRCP22496
Get Cash
Get Cash
APR from 3.65% to 58.4%
R500 — R8,000
from 1 to 6 months
Company Reg no.: 2023/140135/07, Credit provider Reg no.: NCRCP20790
Get Cash
Get Cash
R500 — R5,000
from 7 to 61 days
Company Reg no.: 2026/213837/07, Credit provider Reg. no.: NCRCP23238
Get Cash
Get Cash
3%-5% per month
R500 — R8,000
from 5 to 40 days
Company Reg no.: 2026/189260/07, Credit provider Reg. no.: NCRCP23242
Get Cash
Get Cash
R200,000
Company Reg no.: 2015/231510/06, Credit provider Reg no.: NCRCP10774
Get Cash

Quick Loans up to R500 Online - Pros and Cons

Pros
  • Approval in as little as 15 minutes
  • 100% online — no office visit required
  • Minimal paperwork and no guarantors
  • Transparent terms with no hidden fees
  • Funds deposited into your account within 5 minutes
Cons
  • Maximum loan amount limited to R4,000
  • Short repayment period of up to 35 days
  • Not available for pensioners or self-employed individuals
  • Interest rate higher than traditional bank loans
Pros
  • Fast 15-minute approval and same-day payout
  • 100% online application with no paperwork
  • Available 24/7 for online applications
  • Accepts applicants with poor or blacklisted credit
  • Transparent repayment terms and clear loan agreement
  • eWallet option for instant funds on weekends
Cons
  • Higher interest rates than traditional bank loans
  • Short loan terms may not suit long-term needs
  • Limited customer service channels vs big banks
  • Late payment fees apply immediately after due date

Variable Rate Loans in South Africa: How Interest Rates Affect Your Repayments

Variable Rate Loans in South Africa: How Interest Rates Affect Your Repayments
A variable rate loan can become cheaper when interest rates fall - but it can also cost more when rates rise. For South African borrowers, understanding what moves the rate and how much a change could add to a monthly instalment is important before accepting a loan.What Is a Variable Rate Loan?A variable rate loan is a credit agreement where the interest rate can change during the repayment period.The rate is usually linked to a reference rate specified in the credit agreement. In South Africa, many variable-rate credit products have traditionally been linked to the prime lending rate.For example, a lender could quote your rate as:prime + 2%;prime + 0.5%;prime − 0.5%.If the reference rate... details

Show all articles

Vote please
Was this page useful?
1 of 1 users think this was helpful
1  0
?>