Why choose a PayDay loan?
- R400 – R4000 against your next salary.
- Are you permanently employed?
- Are you paid electronically?
- Do you have a South African ID document?
PayDay loan facts
- Applicants must be:
- South African
- Permanently employed
- Paid electronically
- We need to confirm employment during office hours
- 20 – 30 minutes to approve your first PayDay
- Loan is paid onto a Cashies Card
- You need a mobile number
- All fees are in line with the National Credit Act
How it works
Visit
Visit the Personal Finance Centre at your nearest Cash Converters.
Talk to us
Chat about your needs.
Forms
Fill out the forms and supply the required documents.
Documents
Hand in the correct documents.
Approval
We will need 20 – 30 minutes to approve your first PayDay loan.
Get cash
You can get your loan paid onto a Cashies Card or as cash.
Repayment
Your bank account is debited with your loan amount plus fees on your next payday
What documents to bring
Identity
South African green barcoded ID document, Smart ID Card, passport or driver’s licence.
Proof of residence
Utility bill, account or lease agreement.
Bank statements
Last three months bank statements.
Contact details
Your mobile, plus the name and number of at least two alternative contacts.
Your latest payslip
Please note that we need to confirm your employment.
Every Cash Converters store is registered with the National Credit Regulator.
Our Fees
Every Cash Converters store is a registered credit provider with the National Credit Regulator. Fees are charged as per regulations of the National Credit Act, No 34 of 2005, for short term credit transactions. Initiation fee R165 excl 15% VAT per credit agreement, plus 10% of the amount in excess of R1000, but never to exceed R1050 excl 15% VAT. Interest charged: 5% per month on the first loan, and 3% per month on subsequent loans within a calendar year. Monthly service fee of R60 excl 15% VAT.
Thank you for visiting the Cash Converters website.