How To Apply For Cash Converters Loan In South Africa

Cash Converters is a South African financial institution that lends money to only South Africans. 

How To Apply For Cash Converters Loan In South Africa

A borrower can apply for a loan online or in person at the Personal Finance Centre of the Cash Converters location closest to you, and you will receive your cash in 20 to 30 minutes.

The organization is here to assist you with a PayDay Advance mini-loan because they are aware of the daily financial struggles faced by South Africans. 

You can obtain an advance mini-loan between R400 and R4000 with a Sunny Day PayDay Advance loan. To learn more about the Cash Converters loan, keep reading! 

Key Features of Cash Converters Loan In South Africa

  • They offer loans between $2,050 and $4,600. If their application for a Cash Converters Medium Personal Loan is accepted, a person may borrow up to $4,600 to cover their financial needs.
  • Loans of 4 to 24-month loan lengths are available. The Medium Personal Loan has loan terms lasting up to 24 months. Online loan applications, however, have a default duration of nine months.
  • Flexible repayment terms: Customers can repay their loans weekly, biweekly, or monthly, depending on their financial situation and income.
  • It permits early payback: Successful applicants are not subject to additional fees or charges if they repay this loan earlier than expected. Additionally, the ongoing cost for the loan only applies while there is still a balance owing, so paying off the loan earlier will lower the overall amount they have to pay.
  • Fast application on the website: Applying for a Cash Converters Medium Personal Loan is a seamless process that may be done online.
  • Borrowers with poor credit can apply: Bad credit applicants can still apply for this loan. When determining whether to approve an application, Cash Converters will consider applicants’ income, job, ongoing costs, and credit history.
  • Loans are granted in 24 to 48 hours: Within 48 hours of receiving an application, Cash Converters can deposit funds into the applicant’s account if their request is approved.

Requirements for the Cash Converters Loan In South Africa

Applicants must fulfill a few straightforward personal loan requirements to be eligible for this loan. They should:

  • Be 18 years old or above
  • Be a resident of South Africa.
  • Earn more than $750 (after taxes) per week.
  • have been employed at their present job for at least three months

Cash Converters will evaluate an applicant’s application and Centrelink income to decide whether they can repay the loan.

To request a personal loan or to apply for a loan based on your income, the following must be in place: 

  • Your most recent payment receipt
  • Your most recent three bank statements
  • Give Cash Converter permission to verify your employment.
  • Having signed up for mobile banking
  • a copy of your residence certificate and your contact details.

Cash Converter offers the following loan terms:

  • You pay back any loans secured by goods or salaries on the same day next month.
  • Personal loan: Three installments are required for repayment.

Benefits of Cash Converter Loan

  • While Cash Converters stores your products for 30 days, you can collect cash immediately.
  • Your products are safeguarded.
  • You have 30 days to pay back the loan plus a small fee.
  • Since the loans are unsecured, you are not required to put up money as security.
  • To accommodate your financial demands, loan repayment periods may be extended by up to 60 days.

Services Offered by Cash Converters Loan

  1. Payday Loans: You can rapidly repay these personal loans when your next paycheck arrives. Loans between R400 and R4000 are available to you at a reasonable interest rate. Your next pay date would be the repayment terms, as specified. You must have employment documentation and be employed. Your loan application will be approved in only 30 minutes after verifying employment. There is no waiting period when money is paid into your Cashies card or in cash.

2. Cash Advance Loans: The most well-liked and sought-after lending program offered by Cash Converters. People who own property that can be used as collateral for a loan (a secured loan) are eligible for cash advance loans. The borrower must repay this loan within 30 to 31 days of receipt. The following month’s same day is when it is due. You can apply for the loan online or in person with the property at a Cash Converters location near you. Store employees will assess the item and let you know how much of a loan you qualify for. You’ll send images and documentation of the item’s quality online, then wait while the retailer assesses your purchase. Regardless of your credit background, Cash Converters evaluate each loan application.

How To Apply For Cash Converters Loan

  • Choose the amount you want to borrow and the repayment period you can afford.
  • Input your contact, address, employment, outgoings, and bank information into the short application form by clicking the “Let’s get started” button.
  • To make sure you can afford to repay the loan, Cash Converters will examine your credit and affordability.
  • If accepted, you’ll be asked to sign an electronic loan agreement before the money arrives in your bank account, hopefully within 15 minutes.
  • Cash Converters use a Continuous Payment Authority, like most companies that offer short-term loans, to collect the money on the predetermined dates for repayment.

Requirements for Cash Converters Loan

Consider the following essential eligibility criteria:

  • Age requirements: Applicants must be at least 18 years old.
  • Status as a resident: Only South African citizens are eligible for this loan.
  • If you receive Centrelink benefits: If you receive Centrelink benefits, you are still eligible to apply. However, the amount you can borrow may be restricted so that your monthly repayments are at most 20% of your gross income. Along with the new loan you’re requesting from Cash Converters, this also includes payments to other lenders.
  • You are not qualified for a Cash Converters Small Loan if enrolled in a Part 9 Debt Agreement. However, you may be eligible to apply if you have been successfully released from a Part 9 Debt Agreement


  • Cash Converters will consider your present financial condition when you apply, even if you have low credit. Your application will be regarded as if it is clear that you can manage your debt.
  • If you work temporarily: To be eligible for a Cash Converters loan, you must earn at least $300 per week.

How To Contact Cash Converters Loan

One of the best options is to visit the website at or send them an email at 

You can also place a call through on +27 (0) 87 820 4758

Frequently Asked Questions

Is a credit check performed when requesting a payday loan from Cash Converters?

The requirements to apply for a payday loan with Cash Converters are relatively straightforward. One of them is to work for a regular monthly salary using pay stubs from your employer.

In general, the business doesn’t examine the credit of its customers. The funds are deposited into a bank account if the application process is successful.

What will happen if I pay off the loan one day later?

There may be adverse effects if clients don’t pay installments on time, like a day later. For instance, they can be assessed a fine for their lack of dedication. 

Additionally, if their credit history is severely impacted, it can hinder them from applying for loans from any financial institution.

Can I reapply if my first attempt is rejected?

You can reapply at any time if your application is rejected, but the result will only change if circumstances change. 

It’s essential to keep in mind that every application you submit will leave a trace on your credit report.

What is the maximum loan amount from Cash Crusaders?

At Cash Crusaders, you can get a 30-day loan for up to R15,000.

There are fees associated with borrowing, and this situation is no exception.

Of course, you will pay more interest if the loan amount is more significant. But even if you borrow a maximum of R15,000, you’ll only have to pay back roughly R2,000 in addition to what you borrowed.

Can I obtain a loan without providing a bank statement?

You can apply for a 30-day loan with Cash Crusaders without providing a bank statement.

For the same reasons that no credit checks are conducted, you are not required to produce bank statements and utilize your personal belongings as security in this case.

This means that even if you’re unemployed in South Africa, you can still apply for a loan. 


As a pawnbroker and credit provider, Cash Converters primarily provides payday loans and what it refers to as “cash advance” loans, which are secured loans against your assets.

To help their customers discover the best solution to make life possible, Cash Converters strives to be a responsible lender and places their customers at the center of everything they do.

Cash Converters Loan is of course one of the best South Africa loan you should try out.