ULoans is an online short term loan provider based in South Africa. They offer their users many different loan options that make them a preferred provider for short term loans. They have an ultra fast processing system that allows its customers to apply and get your loans extremely quickly! 

Besides loans, ULoans has many articles trying to educate their customers on the dangers of illegal loan providers. They provide insight into what to look out for and how to avoid these scams. This shows their dedication to serving their customers. 

Quick Fact 

Registered with NCR Yes 
When do you get your money? Same Day 
Online Application Yes 
Max Loan Amount R8000 
Interest Per Month 3% 
Initiation Fees Based on R1000 R190 
Documents Needed ID, Proof Of Income, Bank Account 

About ULoan

ULoans is the most popular online platform for personal financial services.


  • Quick, easy application process.
  • Brilliant customer support.
  • Your private information will be safe.
  • They will try to accommodate you as much as possible for repayment.

Are ULoans Payday Loans Fast? 

Yes! ULoans pays out your loan on the same day! 

In the past, you had to take a taxi, a bus, or drive to a lender. The next step is to locate supporting documents such as proof of address, bank statements and payslips. These documents will need to be printed and submitted to the lender to verify and access your loan request. The process could take several days before you get your money. 

The process of applying for quick online payday loans South Africa is faster and easier. You can apply online and get your money the next day from lenders such as ULoans. You can even submit all of your documents online. 

Are you able to get an ULoans payday loan even if your credit is not perfect? 

Sometimes we make mistakes, forget to pay, or simply cannot afford it. These issues can be resolved by talking to creditors. All of these circumstances can affect credit scores. This score is used by lenders to determine whether you are too high-risk for lending money. 

South African lenders must follow strict regulations set by the National Credit Regulator. These lenders will evaluate the risk and affordability of each borrower to ensure responsible lending. 

To determine if your eligibility, you need to submit financial information. There are ways you can raise your credit score. Ooba provides six easy steps to improve your credit score. These steps will quickly improve your credit score. 

What is a payday loan in South Africa? 

Payday loans can be a short-term borrowing solution. The lender will lend you high-interest credit based on your income. A payday loan’s principal is typically a portion of your next paycheck. Payday loans are expensive, especially for those with short-term credit. These loans are also known by the names “cash advance” and “check advance” loans. 

Understanding payday loans 

Payday loans in South Africa, which are unsecured personal loans without collateral, have high interest rates and are not secured loans.  

The costs of an online payday loan 

Online payday loans come with a few fees. These costs are similar to traditional payday loans. These costs include: 

  • Interest – Interest will be charged on the amount owed. 
  • Initiation fees – These are one-time fees that you pay at the beginning of your loan term. 
  • Service Fees – These are ongoing fees that you pay while the loan is still available. 
  • VAT – The fees are subject to VAT