Rating based on 8 reviews

Southern Finance

Updated

  • Payday loans up to R4,000
  • Low-interest starting from 38%
  • Repayment up to 65 days

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Southern Finance homepage

Author Southern Finance. Screenshot of Southern Finance website. [Accessed January 21, 2021]

About Southern Finance

Southern Finance is an NRC accredited online lender.

They saw a gap in the online loan market that needed a hassle-free solution, which they filled with their spectacular service.

Dedicated to helping those in need, Southern Finance revolutionized the online loan market with its innovative website. You can apply online and have your payday loan in your account within 24 hours.

Southern Finance is always there to help

Southern Finance has many years of solid financial experience, hiring some of the best and brightest to assist you.

Their support team is comprised of dedicated employees that are always friendly and willing to help you. All of Southern Finances’s services and staff are 100% compliant and ensure you never wait long when you’re in need.

They also offer the guarantee that all your personal and private information will remain safe and secure.

In the age where many lenders are not careful with your personal details, Southern Finance maintains its promise of discretion and security.

How Southern Finance can help you

Southern Finance provides a selection of various online loans, all catered toward assisting clients with unexpected needs.

Whether a family emergency or a cash shortage, Southern Finance is available 24/7 to help. All you have to do is enter your ID number into the designated box on their site, and you’ll be notified in minutes as to whether or not you qualify for a loan.

After filling out a simple online loan application form, you could have cash in your account within 24 hours of applying. It’s that easy!

What Southern Finance can offer you

Southern Finance doesn’t worry about the frills. They’re determined to provide a quick and easy service that everyone can use.

With loan amounts between R500 and R4000, Southern Finance’s quick loans have the power to make a real difference in the lives of those who need it. Their innovative platform has proven time and again that it doesn’t have to be difficult to get a loan.

What you’ll need to apply

Because Southern Finance focuses on smaller payday loans, they’re accessible to a large spectrum of people. You do, however, need to meet certain criteria and provide certain supporting documents to apply.

Southern Finance will need the following:

  • An RSA ID
  • A valid proof of residence
  • A valid bank account
  • Proof of salary

If you meet these criteria and provide the necessary supporting documents, your ensuing application couldn’t be easier. You’ll have approval in a matter of minutes, and for a small fee of R57, you can even have your money transferred immediately.

If you’re in two minds about what to do with your money, staff can give you financial advice as part of their service, absolutely free.

Other things you should know

By this point, you may be thinking, “What’s the catch?”. There isn’t one. Southern Finance has a completely transparent and secure platform. They also pride themselves on having no hidden fees or costs.

The only costs involved are the repayment amounts and their interest. Extra costs can be incurred when missing payments. In this case, you’ll be charged a penalty fee of R50 and your interest rate will increase by 5% monthly until you pay off your loan.

Southern Finance Payday loans

  • Loan Type Payday loans
  • Interest Rate from 38%
  • Loan Amount up to R4,000
  • Repayment 61 days to 65 days

Benefits of Southern Finance

  • Loans up to R4000
  • Immediate same day payouts

Payday loans calculator


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The interest rate of a loan will vary based on your credit score and risk profile.

This loan calculator is for illustration purposes only.
The use of this Online loan calculator is subject to our terms of use.

If you’re in need, apply with Southern Finance today!

With complex loan applications being an issue for many people, Southern Finance keeps things simple.

Their process has always included 3 easy steps: Choose the amount you need, apply online, and get paid out.

You pick your repayment date on the site, which should be when your salary is paid to you. You can extend this repayment date by renewing your short-term loan, but then it's treated as an entirely new loan to the business.

Why choose Southern Finance?

With such low-interest rates, funds into your account within 24 hours and great service, you’d be missing out by not applying today.

All you need to do is apply using the following:

  • Your contact details
  • Physical address
  • Postal address
  • Employer details
  • Income and expense breakdown

These details will be used to fine-tune your loan experience, ensuring that you get the best deal. Southern Finance is a responsible lender and uses these details to make sure you get a manageable loan.

How does the loan itself work?

Once you’ve applied and been approved, the money will be transferred to your account. From there, you’re free to use it how you want. An APR of 38% will be charged, and your loan repayment date will be your next payday.

Should you feel, you cannot make the repayment, extending your loan by a month would be your best option. If you don’t repay on time, you’ll be charged a penalty fee, and your interest rate will increase. Defaulting on payment 2 months in a row will lead to Southern Finance contacting an external debt collector.

Southern Finance sets many precautions to ensure this won’t happen, and that your loan will be paid off easily. Southern Finance today can help you with any emergency with their simple and affordable payday loans.

man holding thumbs up

Southern Finance is a trusted & reliable provider of payday loans

In our review, Southern Finance adheres to the compliance criteria in accordance with NCA regulations, where the granting the loan will not cause financial distress to the consumer.

Southern Finance is a registered credit provider in South Africa: NCRCP11981

Customer Reviews & Testimonials

June 2020

Without Southern Finance, I could have been caught in plenty of sticky situations. They helped me fix things.

Bertrand G
— Port Elizabeth —

May 2020

I always go to Southern Finance when I need help unexpectedly.

Terrence O
— Cape Town —

February 2020

Whenever I need a little extra help month-to-month, I know Southern Finance can help me.

Peter J
— Nelspruit —

Southern Finance Contact Details

Physical Address

Opening Hours

  • not available