What is a payday loan?

A payday loan is a small dollar amount, short-term loan designed to help you meet your financial needs until your next payday. In essence, you are creating a check for the advanced loan amount and fees, which is to be held until your next payday.

Cash advances are also known as payday advances, payday loans, cash loans, instant cash, quick loans, bad credit loans, or deferred deposit loans. The names are different but the purpose is the same, to help you meet short-term, unexpected expenses. aaacredits.co.za was designed to help you find short-term lenders.

We submit your completed application to our network of lenders, which is designed to find a lender that is most likely to approve your loan. By searching for payday loans through aaacredits.co.za, you can rest assured that your application is submitted with security to experienced cash advance providers.

What does it take to get a payday loan?

Lenders generally have the following requirements for obtaining a loan:

  • You must be at least 18 years of age
  • Have a steady source of income
  • You must have an active open bank account

To be approved for a loan, you must meet the requirements of the specific lender you are associated with. The lender will review your application and determine whether you qualify based on its own set of underwriting criteria. Factors such as income, direct deposit of your income, military duty status, previous payday loan history and state of residence may affect the approval of your loan.

If your application is accepted by a lender, your appointed lender may contact you directly and ask for additional information to approve the application. Cash advance lenders use proprietary criteria to evaluate applicants and they will approve your loan when your application matches their criteria.

To increase your chances of being matched with a lender and ultimately getting the loan approved, please be sure to fill out our application with accurate and verifiable information. For example, entering a cell phone number instead of a home phone makes it more difficult to verify your information and many lenders will not accept applications that cannot be verified. We do our best to find a lender for you, but unfortunately we cannot guarantee that your loan application will be accepted.


What is the process for getting a loan?

By completing and submitting the online application and agreeing to the website terms and conditions as well as our privacy policy we will try to connect you with a lender in a matter of seconds. If you are matched with a lender, you may need to electronically sign and agree to the loan terms. However, there is no obligation to accept the loan. If you're not satisfied with the terms of the loan, simply don't sign it, and apply again to find a different lender. Your loan proceeds will usually be deposited electronically into your bank account by the lender on the next business day. You will usually have the ability to choose the payment option that works best for you. Payments are usually processed by your lender by electronic transfer from your bank account.

How long can I take out the loan?

Your loan usually comes due on your next payment date. However, most lenders, depending on where you live, will allow you to extend your loan by paying a fee. Once your application is approved from a matched lender, you will be directed to their loan documents. Here you will find specific instructions on what will happen when your loan comes due. Repayment options are disclosed by the matched lender. Please contact them for exact repayment terms or for your queries regarding repayment.

How and when will I get my money?

The loan amount is sent directly to your bank account by your lender. We work with a network of lenders, most lenders can send money to your checking or savings account the next business day after the loan is approved. In some cases, lenders may send your loan amount directly to your account for immediate use. It should be noted that if you apply on a weekend or bank holiday, the money will be sent to you by your lender on the next business day.

What hours is your service available?

We accept applications 24 hours a day, every day of the year. However, once your application is provided to a lender, its processes sometimes require additional verification that can only be done during normal business hours. As a reminder, lenders can deposit money into your bank account electronically only on days when your bank is open. Since we primarily try to match you with lenders who are available to assist you in real time, you may be more likely to find a lender during normal business hours during the work week, as some lenders work on weekends. We do. And don't work on holidays.

How much money can I have advanced to me?

The lender we match you with will review items such as ability to repay, your income, whether you have other outstanding payday loans, and other underwriting items.