How BLS Loans Work:
Fast Online Payday Loans in South Africa
Need cash urgently? At BLS Loans, we make instant online payday loans easy to apply for, fast to approve, and hassle-free to receive. Our simple process is designed to give you access to money when you need it most—without waiting in line.
How BLS Loans Work:
Fast Online Payday Loans in South Africa
Need cash urgently? At BLS Loans, we make instant online payday loans easy to apply for, fast to approve, and hassle-free to receive. Our simple process is designed to give you access to money when you need it most—without waiting in line.
At BLS Loans, we’ve removed all the hassle from getting a payday loan. Just apply online using your mobile or via whatsapp.
Step-by-Step: Apply for Instant Online Payday Loans
- Complete Our Quick Application: Fill out a short online application form or or via whatsapp in just a few minutes. All you need is your South African ID, proof of income, and banking details.
- Get Assessed Instantly:We review your application the same day. You’ll receive feedback quickly, and we’ll let you know if any documents are missing.
- Receive Funds Fast: Once approved, your loan is processed and sent directly to your bank account. Most of our clients receive funds within a few hours.
OPTION 1 – APPLY ONLINE
- Give us your details
- Attach copy of your Passport or ID
- Attach copy of latest payslip
- Attach copy of latest 3 months bank statements
- We will process your application and if succesfull payout to your bank account within 24hrs
- The Loan repayment will be deducted from your account on your next payday by debit order
OPTION 2 – APPLY VIA WHATSAPP
- Copy of your Passport or ID
- Copy of latest payslip
- Copy of latest 3 months bank statements
- We will process your application and if succesfull payout to your bank account within 24hrs
- The Loan repayment will be deducted from your account on your next payday by debit order
NATIONAL CREDIT REGULATOR
BLS Loans is registered as credit provider with National Credit Regulator (NCR). The repayments on our Payday loans are in line with NCR guidelines.
Please refer to the example below:
| LOAN AMOUNT | Interest | Service fee | Initiation fee | Bank. Fee | TOTAL REPAYMENT |
|---|---|---|---|---|---|
| R500 | R25 | R65 | R75 | R33 | R698 |
| R1000 | R50 | R90 | R150 | R55 | R1345 |
| R2000 | R100 | R170 | R300 | R72 | R2642 |
| R3000 | R150 | R250 | R450 | R87 | R3937 |
| R4000 | R200 | R335 | R600 | R116 | R5251 |
| R5000 | R250 | R420 | R750 | R145 | R6565 |
| LOAN AMOUNT | Interest | Service fee | Initiation fee |
|---|---|---|---|
| R500 | R25 | R65 | R75 |
| R1000 | R50 | R90 | R150 |
| R2000 | R100 | R170 | R300 |
| R3000 | R150 | R250 | R450 |
| R4000 | R200 | R335 | R600 |
| R5000 | R250 | R420 | R750 |
| LOAN AMOUNT | Bank. Fee | TOTAL REPAYMENT |
|---|---|---|
| R500 | R33 | R698 |
| R1000 | R55 | R1345 |
| R2000 | R72 | R2642 |
| R3000 | R87 | R3937 |
| R4000 | R116 | R5251 |
| R5000 | R145 | R6565 |
MAXIMUM ANNUAL PERCENTAGE RATE
Our maximum annual percentage rate is 38%.
REPAYMENT DAYS:
We offer repayment periods up to 30 days.
COLLECTION
All payments are done via debit order.
RENEWALS
When you renew a loan, it will be seen as a new loan. Interest and rates will apply as per NCR guidelines for the new loans.
NON-PAYMENT
Non-payment of your account will result in a R50 service fee and 5% interest may be added every month. If you fail to make payment for two months, your account may be handed over to an external debt collection company.
Customers are encouraged to contact us before this happens to make alternate payment arrangements and avoid some fees and hand over
Not repaying your loan on time will decrease your credit rating and might make it difficult to qualify for finance at other credit providers in future.