Rating based on 42 reviews

Low Budget Loans

  • Quick loans up to R3,000
  • Low-interest starting from 28%
  • Repayment up to 6 instalments

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Low Budget Loans homepage
Author Low Budget Loans. Screenshot of Low Budget Loans website.
[Accessed December 9, 2022]

About Low Budget Loans

Low Budget Loans was founded in 2004 by a group of banking experts. They had an intimate knowledge of an easier, faster, and somewhat less demanding means of providing quick loans to South Africans.

A provider of choice

Low Budget Loans is a service provider of choice that will meet your financial needs with ease.

Low Budget Loans is committed

Low Budget Loans comply with the rules and regulations of the NCA as well as other controlling bodies.

They're committed to providing straightforward and transparent lending services, as well as having a finger on the pulse when it comes to responsible lending.

They strive to provide excellent service and build long-term relationships with clients. Their mission is to provide loans to clients who have an unexpected emergency with one of their quick cash loans.

Low Budget Loans Services

Low Budget Loans has been assisting South African clients with valuable and essential cash loan services for many years.

They offer loans to the average South African needing financial assistance during tough times.

This lender is well known in the financial sector for offering phenomenal services with business ethics that stand out. Their promise to you is that they guarantee a loan that you can easily afford, without taking on extra debt that you cannot cope with.

Low Budget Loans of up to R3,000

Low Budget Loans have a variety of loan options to choose from. These loans range from R500 up to R3,000 and offer a repayment term of 3 to 6 months.

Costs, fees, and interest rates you can expect

Interest rates on a Low Budget Loans package are set at 28% per annum. The initiation fees are set at the maximum allowed and are R165 per credit agreement plus 10% of the loan agreement. The monthly service fee is R60.

Finance for your business

Companies can offer loans to their employees through Low Budget Loans. This won't have any effect on the organization's cash stream and employees can enjoy a much-need cash boost.

It’s a win-win situation for employees and employers. Should there be any blacklisted customers, Low Budget Loans will still try to arrange a loan that will not make the situation worse. 

Low Budget Loans – Quick loan

  • Loan Type Quick loans
  • Interest Rate from 28%
  • Loan Amount up to R3,000
  • Repayment 1 instalment to 6 instalments

Benefits of Low Budget Loans

  • Apply online 24/7
  • No hidden costs or fees

Quick loan calculator

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

Low Budget Loans has the best deals and the best customer service

Low Budget Loans has been helping South African customers with affordable quick loans for a long time.

They offer their services to everyday South Africans that need short-term loans online to help them handle a difficult situations.

They offer you credit that you can easily manage, without having to get into long-term debt that will drain your finances and hinder your goals. 

Quick loans for financial emergencies

Low Budget Loans provide personal loans for emergency purposes in the form of short-term solutions. It's their passion to help people - through dedication, innovation, and a passion for people’s needs, they achieve this flawlessly.

An innovative process & an ethical approach

Low Budget Loans follow a clear innovative process and ethical approach to helping South Africans keep within their budget and still get a loan when they need it.

Their commitment to their clients has spread across the country, making Low Budget Loans a leader in the microfinance industry.

Providing unique loan options

Low Budget Loans deliver unique loan options by taking full responsibility for their actions and always sticking to their strict codes of conduct.

The loans that organizations offer their workers financed by Low Budget Loans won't have any impact on the company's cash flow. There are no risks to the employer.

Low Budget Loans will be responsible for the process and way forward should any employee who takes an advance, not be able to repay the loan. The whole process when an employee applies for a loan is taken care of either over the phone or online. 

Fast loan payouts

Pay-out of loans can occur as quickly as 15 minutes after approval. Low Budget Loans strives to ensure its services are delivered quickly and seamlessly to all customers. 

Low Budget Loans need only basic information from the worker when processing the easy loan application, to verify that they earn enough to pay off the loan.

It’s simple, quick, and controlled completely by Low Budget Loans on behalf of the company using their services, loan repayments must be deducted from the month-to-month or weekly pay of the employee.

Low Budget Loans believe that every South African deserves a chance to access finance when they need it and they understand that times can become tough. They're able to help you when there is an emergency quickly and efficiently with their flexible range of personal loans. 

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Low Budget Loans is a trusted & reliable provider of quick loans

In our review, Low Budget Loans 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.

✅ Low Budget Loans is a registered credit provider in South Africa: NCRCP4858

Customer Reviews & Testimonials

May 2019

Applying for a Low Budget Loan was fast, easy and convenient. I didn’t encounter any problems on their website.

Mashudu T
— Limpopo —

June 2019

If you looking for an affordable credit plan, Low Budget Loans will never disappoint you when it comes to credit plans that match every household’s budget plan.

Victor P
— Randfontein —

Low Budget Loans Contact

Physical Address

  • Lombardy Business Park Unit 24, Graham and c/o Graham and Cole Road, Shere AH, Johannesburg Gauteng 0081 South Africa
  • Get Directions

Postal Address

  • Postnet Suite 397, Private Bag x10, Elardus Park, Johannesburg, 0047, South Africa

Opening Hours

  • Monday 08:00 – 16:30
  • Tuesday 08:00 – 16:30
  • Wednesday 08:00 – 16:30
  • Thursday 08:00 – 16:30
  • Friday 08:00 – 16:30
  • Saturday – Closed
  • Sunday – Closed