Loan amount R

Payment Due Date

Total Repayment R


In light of the issues observed in the credit market of South Africa, in particular, high requirements toward credit requests, micro loans are constantly becoming more and more popular. The companies that successfully approve borrowers’ applications are else called online lenders that, in turn, are small financial institutions. To make a person’s life easier, Binixo helps to find reliable and time-proven creditors.

Why us?

24/7 lending

No checking documents or income at any time of the day

Convenient and easy

Choose the best offer and the way to receive money. Binixo will save you time looking for lenders on your own

No commission

Binixo does not charge any fees. The selection of personal offers is free. We deal with trusted companies only

Get Loan

Loans in Bank or Microloans in Online Lenders

Basically, there are many reasons why a person should go definitely for microloans online. First off, they are more affordable and unsecured. So, a borrower does not need to put at risk his house or car, accordingly he experiences less stress. Secondly, they have short repayment periods, on average the minimum is 5 days to repay, and a maximum of 3 months. Finally, they are quick and do not require much documentation even for loans for unemployed or self-employed people.

As for banks, they are much more demanding and picky toward the clients. Even though an applicant needs a small amount of cash, he will still need to show many documents, explain the purposes, and have a needed credit history. But, even such a security will not guarantee the cash accrual.

How to Take Micro Loans Online?

There are no complicated instructions when requesting a loan. The same concerns the Binixo company that makes this process even easier. Follow the next steps to have no trouble in acquiring micro loans online within the shortest time:

  • Fill in a form. On the header of the website, indicate a name, surname, email and mobile number;
  • Redirection to the creditor micro-loans website. Binixo is only a credit broker that works with licensed NCR, so an applicant should confirm the actions on a third party site;
  • Confirm the application. Make sure to read all the indicated data, and in some events to add more info. No fake information, and the one that belongs to someone else. Otherwise, an application will be rejected;
  • Get quick cash. The funds will be on the bank account within 1 business day.

Clients can also borrow money from other types of loans. However, the procedure remains the same.

How Long Will It Take To Receive Microloans?

Note, Binixo works only with reliable and fast online lenders that have proven to provide top-notch service for all the clients. Thus, it can easily guarantee all the clients a quick solution to apply for credit. Most commonly, it takes only 15 minutes to have a request approved, and in some rare cases, the whole process may take one business day to have funds on the bank card. If a client managed to attach valid details, there are fewer chances of delays.

Recommendations for Clients

The most important part of any micro lending in South Africa is a repayment period. Binixo recommends discharging a debt within the shortest time possible. Otherwise, a client will have a low credit history and additional fees charged to his loan. Then, it is necessary to carefully acknowledge the agreement. Check all the information on hidden fees, penalties, and repayment terms. Finally, the last tip is to never apply for loans exceeding 30-40% of one’s personal or family budget. It can turn out to be a challenge to repay a loan without delays

Frequently Asked Questions

All clients need to know about micro loans South Africa. Keep in mind, some creditors may have their requirements. For more information, please do contact the customer support team.

What is necessary to take for a microloan application?

A person should be 18 years old, have a SA ID, and personal banking account.

How to repay a loan?

Repayment will greatly depend on the creditor. But, the most popular way to discharge quick loans online is to use a bank transfer in the personal profile.

Can you change the date of the repay term?

Some creditors can make advances and prolong the repayment period. In such a case, please refer the inquiries to the lender’s customer support team.

How to get to know about the status of a loan?

A client receives a notification on his mobile phone or via email.

How to get a loan?


Indicate the amount and term


Fill out an online application


Choose the best offer


Get confirmation and money

Also you can get loans in other cities is neither banking nor lending institution per se. The information you share on this website is used for the sole purpose of recommending apt financiers from our network.

General requirements for borrower:
Person must be over 18 years of age and be a citizen of Republic of South Africa.

Loan interest:
Depending on the lender, interest rate can vary: per day from 0.02% to 0.2%, APR(annual percentage rate) from 10.5% to 71%.

Credit amount is R1000, credit term is 30 days, full payout amount is R1378.53.
These values ​​are approximate and may vary depending on the conditions of the lender

Consequences of Non Payments
When a borrower fails to repay the requested amount even due to different circumstances, there are anyway penalties that usually are mentioned in an agreement. Additional costs are the most common fine. In other cases, there are events when a credit company starts a lawsuit. Or, it may give the right to collect the debt to third parties.

Beware, if you delay repaying a debt, a company will calculate the penalty fee starting from the delay day until receiving a full amount. And, if there are such situations, they negatively affect the borrower’s credit history. If applying for a new loan, he may get a rejection.

When choosing the amount to apply for, select the one matching your paying capacity. So, there will be no delays in repayment;
a loan is an exceptional service that should be used only in urgent cases. Otherwise, a person may be stuck with plenty of debts;
inform family members. There should be no surprises for them in case you fail to repay it.
Let them know about the purpose why you applied for credit, about the extra fees and the due date;
keep in mind that the borrowed amount is followed by the interest and commission. Thus, when the time to return a debt comes, prepare a full mentioned by lender amount.
Binixo Africa will help to find the credit company with the best conditions, and repayment terms.