Question 1

How much can I borrow?

Accepted Answer

You can borrow from R500 upwards. The exact amount you qualify for depends on your income and credit profile. Apply to see your personal offer.

Question 2

How long does approval take?

Accepted Answer

Our system reviews applications in real time. Most people get a decision within five to ten minutes of submitting.

Question 3

When will I get my money?

Accepted Answer

Once you are approved and your loan agreement is signed, the funds are usually paid into your bank account the same day.

Question 4

What documents do I need?

Accepted Answer

You will need your South African ID, proof of income such as a payslip or bank statement, and your bank account details.

Question 5

Is RapidFunds a registered credit provider?

Accepted Answer

Yes. RapidFunds is registered with the National Credit Regulator and operates fully within the National Credit Act.

Question 6

Can I apply with a bad credit score?

Accepted Answer

We look at every application. Credit history is only one factor, we consider your overall situation. Apply and see what you qualify for.

Question 7

Is my personal information safe?

Accepted Answer

Absolutely. We use 256-bit SSL encryption and we are fully POPIA compliant. Your information is never sold or shared without your consent.

Question 8

How do I repay my loan?

Accepted Answer

Repayments are collected automatically from your bank account on your agreed dates. You can also pay early at any time.

Question 9

How fast is the payout?

Accepted Answer

Approved applications are disbursed within a few hours and paid out within 24 hours. In most cases you get a direct payout the same day.

Question 10

Is the application paperless?

Accepted Answer

Yes. It is a paperless online application with no upfront paperwork. The 5-minute form is completed entirely through our secure online portal.

Question 11

How long does a decision take?

Accepted Answer

You get an instant decision. Our system returns a decision in minutes rather than days, so you know where you stand straight away.

Question 12

Can I work out my repayments before I apply?

Accepted Answer

Yes. Use the online loan calculator on this page to calculate monthly repayments and get an instant online quote before you submit anything.

Question 13

Do you check what I can afford?

Accepted Answer

Always. We are registered credit providers and we practise responsible lending, so every application goes through an affordability check before it is approved.

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