Power Loans same-day payday loans up to R8,000, instant approval across South Africa

Fast cash with Power Loans across South Africa

Power Loans from Power Financial Services deliver same-day payday loans up to R8,000 to customers across South Africa. With instant approval online and same-day EFT to your bank account, these short-term loans are designed for urgent expenses like medical bills, car repairs or unexpected bills.

The process is tailored for South African borrowers, with clear terms and local support. Using familiar channels like EFT and bank debit orders, Power Loans make it straightforward to get cash quickly while keeping the experience local and practical.

How to apply and what you need

Applying for Power Loans is simple: complete the online form, upload ID, recent payslips and three months of bank statements, and accept the repayment schedule. Power Financial Services runs a standard affordability check so you only get loans you can afford, and many applicants see instant approval.

Loans range from R500 to R8,000 and typical repayment terms run from 2 to 6 months. The application is optimised for mobile and desktop, so whether you are in Cape Town, Johannesburg or a smaller town, you can apply and receive same-day EFT once approved.

Transparent fees and an example cost

Power Loans emphasise transparency. Key fees include a monthly service fee of R50 excluding VAT, an initiation fee that is 15 percent on the first R1,000 and 10 percent on the remainder up to a capped amount, a credit life fee of 1.1 percent and a daily interest rate of 0.17 percent. These figures are standard across their payday loans product suite.

For example, borrowing R2,000 with a short term will include the initiation fee, monthly service fee and daily interest, all clearly displayed before you accept the loan. Power Financial Services shows the full cost and repayment dates so you can compare options and choose responsible borrowing.

Responsible borrowing and local support

Responsible borrowing is central to using payday loans effectively. Only borrow what you can repay on the agreed date to avoid additional fees and to protect your credit record. Power Loans provide a clear debit date and reminder options so borrowers in South Africa can manage their budgets and avoid missed payments.

If you need help, Power Financial Services offers online support, a branch locator for in-person assistance and a local phone line for quick queries. For fast emergency cash with instant approval and same-day EFT, Power Loans remain a practical option for South African households seeking short-term cover up to R8,000.