Primeloans ZA
12 reviews
Detailed terms
- Amount up to $ 4000
- Term 5 - 183 дня
- Rate from 0.08% up to 1% per day
- Method of receipt To a bank card; to a bank account
- Legal information about the company PrimeLoans Technology (Pty) Ltd is a company registered under number 2024/739416/07. It is a licensed credit provider with registration NCRCP20937 with the National Credit Regulator.
- Age from 20 up to 64 years old
The best offers for you
100% online
- Amount up to up to 4 000 R
- Period up to 41 day
- Approval 97%
100% online
- Amount up to up to 8 000 R
- Period up to 90 days
- Approval 97%
100% online
- Amount up to up to 8 000 R
- Period up to 183 дня
- Approval 97%
The company Primeloans provides fast short-term payday loans online, aiming to deliver cash within minutes, with minimal requirements and a fully digital application experience. PrimeLoans Technology (Pty) Ltd is a South African company registered under number 2024/739416/07. It is a licensed credit provider with registration NCRCP20937 with the National Credit Regulator.
You can get a loan from this organisation quickly and online.
Terms & Conditions
| Loan amount: | From R 500 up to R 4,000 for many applications; first-use often limited to lower amounts. |
| Effective Interest Rate (EIR) / APR: | Up to 60% per annum in some offerings. |
| Loan term:: | Between 1 to 6 months; many short-term loans are about 5 days or a few weeks. |
| Currency: | South African Rand (R) |
| Daily interest rate: | Not explicitly stated; calculation based on APR and term. |
| Approval time: | Approvals in ≈ 15 minutes, with fast verification. |
| Collateral: | None required; no guarantor needed. |
| Income verification: | Required: the latest 3 months bank statements (showing salary deposits). |
| Age requirement: | Must be 20 years or older. |
| Licensing/Supervision: | Registered with company registration no. 2024/739416/07; National Credit Regulator number NCRCP20937 |
| Repayment methods: | Debit order (DebiCheck) or online repayment via their site or partner systems |
| Disbursement methods: | Funds transferred to the borrower’s bank account once approved |
| Customer support: | support@primeloans.co.za |
| Address: | – |
| Phone number: | +27 21 139 0909 |
| Official website: | primeloans.co.za |
Documents & Borrower Requirements
- Valid South African ID number plus a copy of ID.
- A valid cellphone number to receive communications.
- Bank account details.
- Latest 3 months’ bank statements (showing salary deposits).
- Proof of residence.
Additional Details
- There is an option to postpone repayment if needed.
- The platform promises no hidden fees — transparency in rates and repayment amounts.
Credit History Requirement
A good credit history helps, but lacking or bad credit does not automatically disqualify you. Approval depends on the affordability assessment.
About the Loans
First Loan
- Amount: up to R 4,000 for new customers.
- Reward / interest: based on the term and your bank statement review. APR up to ~60%.
- Term: often short periods (e.g. 5 days), though up to 6 months is possible for some offers.
Repeat Loan
- Amount: can stay within same range or increase based on track record.
- Interest: similar APR, may get better offers for loyal customers.
- Term: same allowed range (1-6 months) depending on affordability.
How to Apply
- Go to primeloans.co.za and use the “Apply for a loan” button. Fill out the required form.
- Provide personal details (name, ID number, phone, email) and upload the three months of bank statements and proof of residence.
- Wait for the affordability assessment, typically very fast (≈ 15 min).
- If approved, funds are transferred to your bank account — often within a few minutes.
Benefits
- Quick application and approval process
- Minimal documentation required
- Loans available even for people with imperfect credit history
- Transparent terms with no hidden charges
- Funds reach your account fast (sometimes in 5 minutes)
- Customer service via phone and WhatsApp for support
