Rating based on 21 reviews


  • Payday loans up to R5,000
  • Low-interest up to 38%
  • Repayment up to 65 days

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Koodo homepage
Author Koodo. Screenshot of Koodo website.
[Accessed April 13, 2023]

About Koodo

Koodo Loans is based in Dainfern, Johannesburg, South Africa, and offers quick and easy online payday loans of up to R5,000.

The team is united by their belief in compassion, and understanding and is guided by these principles in all their dealings. This makes applying for a payday loan with them so much easier.

Payday loans from Koodo explained

Payday loans are unsecured short-term loans for small amounts of money, usually under R8k. The loan is meant to be repaid by automatic debit order upon receipt of your next salary.

While payday loans have a bad reputation they can be helpful financial tools that will offer you the cash boost you need.

Money when you need it

Isn't it a relief that there are companies like Koodo, that are prepared to help you with a fast payday loan? It's an easy decision if you can't get mainstream credit and you find you need a loan.

Used wisely, payday loans are a great source of funding. Just make sure to always pay it off on your next payday, so you don't get caught in a debt trap.

Some of the benefits of payday loans

  • Simple and easy application
  • Fast turnaround - you get the money in a day
  • Loans of R500 – R5 000
  • Online application, no need to leave your home or office
  • Terms between 61 to 65 days and a maximum APR of 38%
  • Repay the loan via debit order on your next payday

Ensuring simplicity from start to finish

Koodo’s platform is simple and easy to use. Since they specialise in short-term loans they’re experts at quickly and efficiently accessing your application. This ensures quick approval and quick payouts.

Koodo Services

Koodo offers loans ranging from R500 to R5 000 with repayment terms of 61 to 65 days. They also offer flexible repayment options, so you can choose a payment plan that suits your budget.

They’re committed to responsible lending and will only provide loans that you can afford to repay. This is why, in addition to running a credit check as required by law, they’ll review your bank statements or payslips before approving your application.

How to renew your loan

You may renew your Koodo payday loan as long as you need the money. Loan renewals can be done after each collection. You don't have to wait.

Each time the loan is renewed, it’ll be treated as a new loan, with the same interest rates applicable as for new loans.

Cover emergencies and unexpected costs

If you find yourself in a tight financial spot and need access to quick cash to cover unexpected expenses or bills that cannot be delayed until your next payday, a payday loan may be an option for you.

Payday loans can be used for a variety of purposes, such as paying for unexpected car repairs, medical bills, or emergency home repairs.

Many people also use these nifty tools to make it through the month when times are particularly tough.

What if I can't pay?

If you do not pay your account for 2 months, it’ll be handed over to a debt collection agency.

Unfortunately, a record of nonpayment of your loan will result in your credit being negatively affected, and this can make it harder to get finance from other lenders in the future.


Koodo – Payday loan

  • Loan Type Payday loans
  • Interest Rate 38%
  • Loan Amount up to R5,000
  • Repayment 61 days to 65 days

Benefits of Koodo

  • Simple online loan application
  • Fast loan approvals
  • Quick and easy payday loans

Payday loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This payday loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Different ways to apply for Koodo’s convenient payday loans

If you need a financial boost, Koodo provides a variety of loan options to suit different needs and circumstances. The application is simple and can be done in a few different ways.

Eligibility requirements and supporting documents: What you need to know

To be eligible for a Koodo cash loan, you must be a South African citizen or permanent resident who is at least 18 years old. You also need to have a steady income and be able to provide proof of income. Additionally, Koodo will conduct a credit check to ensure that you have a good credit history.

When applying you'll need to provide proof of identity, proof of address, and proof of income. Most commonly this will include a South African ID document, a utility bill or bank statement, and your latest payslip.

Koodo's payday loans are just a click away!

Koodo offers two options for applying for a payday loan. The first option is to click on the "Payday Loan Application" button on their website and provide personal details, along with attachments of their supporting documents.

Upon successful processing of the application, Koodo will pay out the loan to your bank account within 24 hours. The repayment will be automatically deducted from your account on the next payday via debit order.

Alternatively, you can send a WhatsApp message with pictures of your passport or ID, your latest payslip, and 3 months' bank statements to their dedicated WhatsApp line.

How repayment work: automatic debit order

Payments are done automatically via debit on your next payday. This not only ensures the lender gets their money but simplifies matters for you too since you don't need to remember to make the repayment.

Koodo is committed to transparency and honesty in its lending practices. They do not charge any hidden fees, and all the costs associated with your loan will be clearly outlined in your loan agreement.

Credit checks are mandatory

When you enter your information, you give Koodo Loans permission to do a credit check on you, and you also confirm that all the information you've given in the form is accurate, complete and true.

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Koodo is a trusted & reliable provider of payday loans

In our review, Koodo adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Koodo is a registered credit provider in South Africa: NCRCP16647

Customer Reviews & Testimonials

November 2022

I had car repair costs to cover and needed to borrow the money. I found Koodo Loans online and filled in the application form. By the next day, I'd received the money, no hassles.

Diane F
— Rosebank —

October 2022

I had a tight month with school fees to pay, and then my fridge packed up. I had to borrow money to replace it. Koodo Loans made it so easy. Great service.

Peter T
— Cape Town —

October 2022

I had to take out a loan to pay for tickets to attend a funeral. Somebody told me about Koodo payday loans and I applied. I had a payout the next day, and I was satisfied with the terms. I recomm...

Bongani K
— KwaZulu-Natal —

Koodo Contact

Physical Address

  • 2nd Floor Dainfern Square, Corner William Nicol Drive & Broad Acres Drive Dainfern 2055 South Africa
  • Get Directions

Opening Hours

  • not available