FAQs – Fast Cash Payday Loans Immediate Payout in South Africa

Is there any cost to Using GoMoney?

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.

When Will I Find Out If I Can Get a Payday Loan?

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.

What Are the Terms and Conditions for My Loan?

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.

What if I’m late to pay, can’t pay back the payday loan, or don’t pay at all?

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.

Can I get a payday loan without my credit check?

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’.

Can I qualify an online payday loan even if I have bad credit?

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

How soon can I get the loan money in my bank?

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.

Can I apply more than one payday loan?

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.

Can money from social security, pension, or disability count as income?

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.

I am employed and get benefits. Which should I say is my main income on the application?

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.

What can I use my money from 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.

What is APR? How does it affect me as borrower?

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.

How does GoMoney keep my personal and financial data safe?

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.

How much money can I borrow?

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.

Why should I use GoMoney if it’s not a lender?

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.

Why do you want my boss’s phone number?

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.

Do I Need a Fax Machine or Printer for Online Payday Loans?

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”.

Our Strengths


No Fee to Pay

You don't have to give us any money to use our services. It's always free.


No Papers to Fill

You can apply for a loan in just a few moments, and you don't need to do any paperwork or documentation.


No obligation

You can get an offer with just a few clicks, and you don't have to submit assets and make a promise.


All People are Welcome

We don't do a lot of checks that might damage your credit score.


Get the Money Quickly

Once our lender says yes, you can get your money within 10 minutes or on the same day.


Flexible Terms

You can borrow money for up to 12 months and pay it back in small installments every month.

Who Can Use Our Service

Eligibility Requirements:


You have to be at least 18 years old to use our service.


You must be a South African to use our service.


You need an active bank account that's been open for at least 6 months so we can transfer you the money.

What We Need from Your End?

Income Information

  • When do you get your money (like every week or month)?
  • Where does the income come from (like a job or pension or self-employment or investment)?
  • How much do you earn?

Bank Information

  • Your account number
  • Branch Code of your Bank

Your Basic Information

  • Your phone number
  • Your driver's license or state ID number
  • Where you live
  • Your email address