Loan Queries

Frequently Asked Questions

Here are a few common loan queries our customers ask us regarding payday loans and personal loans:

Mayday loans does not charge users of this site any fees, although some lenders may charge an admin fee.

YES the lenders allow for early repayments. The earlier you pay up your loan, the less interest you pay.

If you are unable to repay your loan we ask that you contact the lender that approved your loan as soon as practically possible; ideally you should do this before your repayment becomes due.

All credit backgrounds are welcome to apply. 90% of our applications are successful.

Once your application has been approved,processing time of your loan can take between 1 hour and 24 hours to send the money into your account.

Our Loans are available from R100 to R 200 000

Should you come across Suspicious call/ Transaction, make sure to phone your lender to make sure it is on their side, or get in touch with us.

Your monthly loan repayment should not be more than a 3rd of your income

This site is SSL encrypted to make sure your information is kept safe while using our services.

loan queriesAll lenders on our website are licensed and regulated by the National Credit Regulator (NCR). This ensures that you are in safe hands when applying through our platform