FAQs – Fast Cash Payday Loans Immediate Payout in South Africa

No, it doesn’t cost anything to fill out the online application and share your information on our website. We work with a large network of lenders, and if a lender thinks they can offer you a loan, they come directly in touch with you. We don’t see your offers, so it’s important for you to review any loan you get from any lender carefully. Make sure it is suitable for you and that you understand all the terms and conditions.

Usually, you’ll know if you can get a payday loan online in just 3-5 minutes, and sometimes even in a few seconds. If it takes a little longer, don’t hang up your phone. If you’re approved, you might lose the chance if you do. And if, for any reason, they disapprove, they’ll explain to you in the same time frame.

We can’t give you that information because we’re not the lender. When you’re connected with a lender, they provide you loan agreement with all the terms and conditions. This contract contains things like the rate of interest, due date, and any other charges. Keep in mind that there are many loan options, and you get to decide if you want to accept the offer. If you don’t agree to the terms, you can convince the lender or say no to the offer.

It’s not good to be in this situation, but if it happens, you can do something about it. First, talk to your lender as soon as you know you can’t make the payment. They might help you by giving you more time “rollover” to pay, but there might be extra charges for that. However, it’s not the best idea, as it can cost a lot more money. Its better ask for debts consolidate options instead of making the payment later.

Most payday lenders look at how much money you have in bank account and don’t check your credit history directly. But, we can’t guarantee that every lender won’t follow this. We work with many lenders, so it’s hard for us to monitor each one. Remember, there’s really no loan that absolutely doesn’t ‘no bad credit check’.

Having bad credit might affect it a little, but many South Africans with bad credit still get online payday loans every year. What matters more is having a steady job and a bank account that active (both are for at least 6 months). Every day, people with bad credit get help from emergency payday loans

If lender say yes to your online loan, the money deposited into your bank in about 10 minutes. But if it’s a weekend, holiday, or a day when your bank is closed, it might go on next business day.

No! It’s safer to stick with one loan at a time. The best advice is to have just one loan, pay it back on time, and then get another if you need it. Be aware from predatory lenders, they can offer you a second loan for their personal benefits.

Our most associated payday lenders say yes to money from social security, pension, disability, or other benefits as income. If you earn at least R600 a month and meet what the lender requirements, you might be able to get a loan offer even if you have bad credit. But remember, the conditions can be varying from lender to lender and state to state.

If you make at least R600 every month from your job, it’s better to say that’s your main earning when asking for a loan.

You can use the money for anything you need, like special events (such as weddings), surprise costs (like fixing your car), or when you have to pay for unexpected medical things. Instant payday loans are good for emergencies. Do not use a loan for everyday things or as part of your monthly budget plan.

APR is the annual percentage rate, and it shows how much it costs to borrow money for a year. For payday loans, the APR is high because they have fees and are meant for short terms, like until your next paycheck. They’re not like car loans for 60 months or a home loan that you pay back over the 30 years. Payday loans are meant for quick repayment, not for a long term installments.

GoMoney uses a super strong 256-bit encryption system to keep your personal details safe and hidden. We also make sure to update it all the time. Plus, we don’t retain your information, and don’t sell it to market. GoMoney just helps connect you with payday lenders. Once the application is approved, it’s between you and the lender – GoMoney steps back.

You can borrow from R100 to R5,000 with an online payday loan. But, the exact amount depends on different factors. If lender says yes to your application, they directly discuss to you, how much you can get approved. Usually, short-term loans in South Africa are for R500 or less.

GoMoney.co.za is like a helpful place where people who need money and company who lend money can find each other. It’s free to use and makes it easy to connect with direct lenders. Instead of waiting in a storefront line or search on google.co.za, GoMoney can help you find a lender faster. It saves your time, and you can get an instant decision for loan by submitting your basis details on one page application.

GoMoney is not a lender, and we never contact your employer. But when you connect with an online lender, they might call to verify your employment. Don’t worry, they don’t ask about your financial condition. They just confirm you provide the 100% genuine contact information, so that approval process goes fast.

Nope! When you apply loan online, you don’t have to send documents by email or fax to lender. But it’s a good for you to keep a hard copy of your agreement, even though it is a “no paperwork loan”.