Short-term loan calculator

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This short-term loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Finance 27 – Short-term loan overview

• Loan Type: Short-term loan / payday loan
• Interest (marketing cap): Maximum APR 38%
• Loan Amount: R1,000 to R6,000 (affordability-dependent)
• Repayment: 61 to 65 days
• Repayment method: Debit order (DebiCheck)
• Payout method: Bank transfer only (no cash payouts)
• Upfront payment: Finance 27 says they do not require upfront payment before payout

Benefits

• You can apply 24/7 online, so you’re not blocked by branch hours or paperwork queues.
• They market fast turnaround and “same-day” payment after approval, which helps when the problem is timing rather than a long-term affordability gap.
• The repayment window is short (they state 61–65 days), so you’re not locking yourself into multi-year debt for a small amount.
• They publish a pricing ceiling up front (maximum APR 38%), which makes comparisons simpler than lenders who only reveal cost late in the application flow.
• Repayment is structured via debit order (with DebiCheck referenced), which reduces admin friction and missed-payment “oops” risk if your salary timing is stable.
• They explicitly state “no upfront payment before payout” and “no cash payouts”, which reduces common scam patterns and creates a cleaner audit trail (bank transfer in, debit order out).
• They state NCR registration (NCRCP7084), which is a legitimacy anchor you can verify independently before sharing sensitive documents.

Why choose Finance 27?

• NCR registration is clearly stated

  They publish NCRCP7084 on their site, which is a concrete verification hook rather than vague “trusted lender” claims.

• Tight product boundaries

  A short 61–65 day term forces a quick payback cycle, which is safer than open-ended revolving debt if you can genuinely repay soon.

• A visible rate ceiling in their marketing

  They advertise a maximum APR (38%), which makes comparison easier than lenders who hide pricing until late in the funnel.

• Cost caps exist in law, not just in marketing

  National Credit Act regulations cap short-term interest (5% per month on the first short-term loan in a calendar year; 3% per month on subsequent loans within that year) and cap the monthly service fee at R60.

• Calculator-first approach

  The site pushes you through a numbers view (interest, fees, total repayment), which nudges a more informed decision if you actually pause to read it.

• No cash payouts, and no upfront “release fee”

  They state payouts go to your bank account (not cash), and they say they do not require upfront payment before paying out, which reduces common scam patterns.

• DebiCheck repayment reduces admin friction

  Debit orders can be convenient when your salary timing is stable, because repayment happens automatically once authorised.

• A mainstream distribution signal

  Sanlam publicly references a partnership that routes applicants to Finance27 for an “express loan” journey, which functions as soft social proof.

• The lender’s own warnings are blunt

  They openly warn that non-payment triggers extra fees and escalation, which is not comforting, but it is transparent.

• Context matters in South Africa right now

  Household debt sits around the low 60% range relative to disposable income (Q3 2025), and total consumer credit outstanding was reported at about R2.35 trillion (Dec 2023), which explains why short-term credit is common but also why cost discipline matters.

FAQs

1. What does “short-term loan” mean here?

   A loan meant to cover an immediate need and repay over a short window; Finance 27 markets 61–65 day repayment periods.

2. How much can I borrow?

   Finance 27 states R1,000 to R6,000, depending on affordability.

3. How fast do you get the money?

   They state payout happens the same day you’re approved, with funds reflecting within about 24 hours.

4. Can I apply with a bad credit record?

   They state they do a credit check, but a bad record does not automatically disqualify you if affordability and other factors support repayment.

5. Do I need to be employed?

   They state you must be employed and earn a regular salary paid into your bank account.

6. Does the bank account have to be in my name?

   Yes; they state they won’t pay into a third-party account.

7. Do they pay out cash?

   No; they state all payouts go into the salary-linked bank account (no cash payouts).

8. Do they require an upfront payment before paying out?

   They explicitly say no upfront payment is required for payout.

9. How do repayments work?

   You choose a repayment period, and instalments are collected automatically via debit order using DebiCheck.

10. What is DebiCheck?

    A debit order confirmation system where you verify the details of the repayment plan before collections start.

11. What interest and fees are legally allowed on short-term credit?

    Regulations cap short-term interest and cap the monthly service fee at R60; your quote should reflect a compliant breakdown.

12. What happens if I can’t pay on time?

    They ask you to communicate early so arrangements can be explored; they also warn that unresolved non-payment can move to legal and collections with extra costs and credit-profile harm.

13. Can I apply if I’m under debt review?

    In general, consumers under debt review are restricted from taking on further credit while the process is active; tribunal documentation reflects this “no further credit” principle during debt review.

14. Can I contact Finance 27 via WhatsApp?

    They say WhatsApp integration is planned, but for now they direct queries to phone or email.

15. How do I check if they’re really NCR-registered?

    Use the NCR “Register of Registrants” database to search registered credit providers, and confirm the registration number and trading name match what you were given.

16. What’s the simplest way to decide if this loan is a good idea?

    If the loan gets repaid from money you already expect (salary timing) and the total repayment still leaves you able to cover essentials, it can be a controlled bridge; if it pushes you into a second loan to repay the first, it’s a spiral signal.

Finance 27 Application

Do I qualify?

You’re more likely to qualify if:

• You’re a South African citizen, 18+, and employed.
• Your salary is paid into a bank account in your name.
• Your affordability assessment supports repayment (your income covers essentials plus the instalment).

If you’re currently in debt review, assume you’ll be declined unless you’ve lawfully exited debt review or you’re applying for a permitted consolidation structure in that framework.

Requirements

Finance 27 describes needing:

• SA ID number and contact details
• Physical and postal address details
• Employer details and an income/expense breakdown
• Banking details for payout and debit order loading

Process

• Select amount + next salary date (calculator)
• Complete the online application
• Wait for approval (up to 24 hours)
• Receive funds after approval (same day; reflect within ~24 hours)
• Repay via DebiCheck debit order

Timeline

• Application to decision: up to 24 hours
• Approval to payout: same day, with bank reflection around 24 hours
• Repayment window: 61–65 days