Mashonisa Loans in South Africa - italkloans

Mashonisa Loans in South Africa

Are you struggling to find mashonisa loans in South Africa? Well, that’s to be expected. After all, unregistered lenders don’t have publicly advertised offices and branches all over the country. So, how do you go about it? Before diving in, let’s take closer look at loan sharks and how they work.

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What are Loan Sharks?

Mashonisa is the name given to informal lenders operating in South African townships and cities. These lenders have been around for a while. They have become popular because obtaining loans from banks, and other lenders is super challenging.

Most South Africans have no option but to turn to these informal structures to get money for emergencies. Currently, there are over 40 000 known Mashonisas in South Africa. Being an unregulated industry, there are no restrictions on who can be one. 

Mashonisa loans are famous for a variety of reasons.

  • Less strict rules
  • Super fast approvals
  • No credit check
  • Cash from as little as R1000
  • A fixed interest rate of 30 to 50%, regardless of the amount borrowed.

The best part is that you won’t have to go through the long and tedious loan application process as with banks and other lenders.

How to Find Mashonisa Online

Here are some strategies you can use to find Mashonisa on the internet:

  • Search on Google using the term “mashonisa near me.”
  • Post on social media groups
  • Browse classifieds websites like Gumtree
  • Watch videos on YouTube

Please note that mashonisa is often associated with illegal lenders who may be dangerous to work with. However, in the context of this article, we will use it to refer to lenders who can offer quick loans at reasonable interest rates and without credit checks.

Here are some quick tips to help you find mashonisa contact numbers.

Third Parties

Several online services compare different loan offerings. These platforms usually come with loan calculators and lists of lenders to compare. The good thing is most lenders on their lists are vetted already, so you can trust them. 

Search the Internet.

There are plenty of loans on social media platforms and websites like Gumtree. These are usually categorized by area so the search will be quick. However, remember to go through reviews and testimonials. This will help you avoid the dangerous ones.

Referrals From Friends, Colleagues, and Family

It is always easier to ask friends and family for information. Find out if anyone in your circle has worked with a mashonisa loan shark they can recommend.

5 Easy Tips on How to Choose the Best Mashonisa Online

Here’s how you can find the best mashonisa online:

Find Out the Maximum Loan Amount Offered

If you are looking for a considerable amount of money, find a lender who will offer you more money. You can call them and find out what their maximum loan amount is.

Conduct Through Research

If you find it hard to trust third parties, you can do your research. Even though they are not always 100% authentic, you can look for online reviews on the particular lender you want to work with.

Take Your Time

Before agreeing to any deals with these types of loans, you need to be sure that you are giving your confidential information to the right person. Therefore, take your time, ask questions, and make sure that you are working with a trustworthy lender.

Understand the Terms and Conditions.

Make sure that the terms and conditions offered by Mashonisa loans are fair. That way, you won’t find yourself in bogus deals that are only there to swindle you of your money. 

For example, loans must have fair interest rates. You should find a loan provider who offers a reasonable loan term. Unfair loan terms and ridiculously high interest rates can make it difficult for you to pay back.

Find out if there are Any Additional Fees.

It’s so easy to get distracted by interest rates that you may overlook other charges. While interest rates may seem low, the additional costs can be excessive. Therefore, make sure you know about every extra fee and charge.

Can You Find Mashonisa for Unemployed?

The short answer is yes. These loans don’t have lots of requirements. The loans are asset-based. As a result, the lender will have something to hold on to should you fail to pay back the money. 

The only time you may have some trouble getting a loan from loan sharks if you are unemployed is when you don’t have collateral. In such instances, they will only consider you if you have a salary.

Mashonisa are known to hold on to people’s bank cards sometimes. Therefore, you must be very careful when getting loans from them. You don’t want to end up losing control of your money.

List of Lenders by Area

Below is a list of Lenders in Pretoria, Johannesburg, Witbank, and Durban:

Mashonisa in Durban

Mashonisa loans in Durba

Smart Mashonisa

This loan provider gives loans to employed South African Citizens over the age of 18. Smart loans range from R500 to R5000. The interest rate is about 5%. Please note that their services are only accessible via mobile and the internet.

Smart Mashonisa Contact Details:

Lamna Finances

Operating since 2015, Lamna Finances has been the go-to for quick and asset-based mashonisa loans with reasonable interest rates. They guarantee discreet, private services with no third parties involved.

Lamna Finance Contact details:

Challenor Finance

Challenor Finance has been giving out short-term loans since 1991. Their loan amounts range from R2000 to R8000 with repayment terms of up to 24 months. They give out building, school fees, lobola loans, and so many more.

Challenor Finance:

Letsatsi Finance and Loan

Letsatsi offices are all over South Africa, including Durban. Apart from loans, they also offer insurance coverage and financial advice. They offer one-month loans, short, and long-term loans. They also assist with debt consolidation services. Loans from Letsatsi range from R1000 to R50000, with loan terms of up to 13 months.

Letsatsi Finance:

Senzokuhle Loans

Senzokuhle gives packages of up to R100 000 with flexible loan terms and reasonable interest rates. One of the unique features of this lender is their ability to give loans to South Africans in the diaspora.

Get in Touch With Sonzokuhle

  • Office – 612 pioneer place, 332 West Street, Durban
  • Phone – +27 31 301 2418

Royalty Finance Loans

Since its establishment in 2017, Royalty Finance Loans has given out over R17 million in mashonisa loans. Their loan offerings range from R5000 to R1 500 000 with flexible repayment terms and short approval times.

How to Get in Touch With Royalty Finance:

Marlin Credit Services

Marling Credit Services gives out urgent bridging loans. For example, if you are waiting for a payout but in urgent need of cash. Their loans start from R2000, repayable once you receive your payments from pensions, investments, and more.

Marlin Durban Contacts

LoanFin Durban

LoanFin is a popular family-owned business established by Theunis Christoffel Botha in 2002. Their services include loans and personalized Nu Card services. Loan offerings range from R100 to R4000 with terms of up to a month. The interest rate ranges from 1.17% to 19.73%, depending on the amount and payment term.

Get in Touch With LoanFind Durban:

  • Head Office – 561 Bluff Rd, Bluff, Durban
  • Call – 087 352 7219
  • Fax – 031 467 3627
  • Website –
  • Email – 

Mashonisa Loan Shark in Johannesburg

Mashonisa loans in Johannersburg


Did you know you can get Mashonisa loans approved in under 15 minutes? With a ready-fill application form, Loan4Debt gives out loans of up to R150 000 with reasonable interest and flexible payment terms.

Reach out to them:

  • Address – 119 Booysens Reserve Road, Theta
  • Call – 087 654 4152
  • WhatsApp – 072 987 1355
  • Website –

Lime Loans

If you are looking for a more official mashonisa lender, Lime is your go-to. Since its conception in 2013, they have managed to serve over 300 000 clients. The lender has nine offices in five different countries. Lime offers loans ranging from R300 to R5400 with a repayment period of up to seven weeks. If you manage to pay back your total loan amount in time, you can receive a 50% discount on the interest charges.

How to Find Lime Loans:

MrCash Loans

MrCash offers loans to employed people who have been on the job for at least six months. Their loan offerings range from R500 to R200 000 with repayment periods of up to 72 months. The interest rates range from 28% to 60%.

MrCash Contact details:

Daily Light Finance Loans

Daily Light Finance offers mashonisa loans to SMEs and individuals for land development, business, and so much more. The loans range from R20 000 to R3 000 000. Large corporations can get loans of up to R100 000 000 with interest rates as low as 1%.

Where to Find Daily Light Finance:

Letsatsi Joburg Finance and Loans

Letsatsi offers same-day payout mashonisa packages. They have been around for more than ten years. Loan offerings start as low as R1000 with flexible payment terms.

Letsatsi Joburg Contacts:

  • Address – Southgate Mall, Shop U264, 119 Vereeniging Rd
  • Telephone – 011 802 4073 / 0860 992 998
  • Email –
  • Website –

Finance Future Loans.

This lender guarantees smooth, easy, and fast transactions. In addition, you’ll have a free personal advisor to make sure you make the right decision. They offer personal, business, student, and property loans of up to R20 000 000. 

How to Locate Finance Future Loans:

Cash Crusaders

This is one of the best mashonisa loan sharks in South Africa. They offer a simple and easy loan process. Loan offerings range from R1000 to R15000, with interest rates as low as 2%.

How to Find Cash Crusaders

EC loans

EC Mashonisa offerings include blacklisted unsecured, business, and personal loans ranging from R1000 to R120 000. Their loans have interest rates ranging from 1.25% to 28% per year.

Locating EC loans:

Mashonisa in Pretoria

mashonisa loans in Pretoria


Looking for Mashonisa loan sharks for business loans? Mutualism is your go-to lender in Pretoria. Their loans are secured, ranging from R30 000 to R100 000, with loan terms of up to 18 months.

Contact Details:

Email –

Address – 1F, 173 Oxford Road, Rosebank, Jhb

Website –

Go Personal Loans

Are you looking for mashonisa loans and lenders in Pretoria? Go Personal Loans offers loans of up to R250 000. Their interest rates range from 5% to 60%, depending on the amount and term.

Here’s how to find them:

Fast Quick Loans

Fast Quick loans can help you purchase that new car or start a business. Their loans range from R20 000 to R5 000 000. You can expect interest rates of 4% per transaction and loan terms of up to 240 months.

Location and contacts:

  • Call – 087 550 3115
  • Email –
  • Address – 165 West St, Sandown, Sandton City
  • Website –

Loans Acceptable Mashonisa Loans

Loans Acceptable offers a wide range of loan offerings ranging from R1000 to R200 000. Their loans have payment terms of up to 60 months. You can find secure, unsecured, and payday loans. If you need reliable mashonisa loan sharks in Pretoria, you can check them out.

How to find Loans Acceptable:


Uloan offers mashonisa packages to individuals who have been employed for no less than three months. Once your loan is approved, they will deposit the money into your bank account. This lender offers different types of loans with reasonable interest rates and flexible terms.

Looking for Uloan?

Makanda Finance

This is an online mashonisa loan shark that offers loans of up to R5000. The loans are payable in 35 days with interest rates of up to 60%.

Here’s how to locate Makanda Finance:

Pretoria Cash Crusaders

There are several Cash Crusaders branches in Pretoria offering mashonisa packages of up to R15 000. Interest rates are as low as 2% for their secured loans. Payouts are instant, and the loan terms are usually between a month and two months. 

How to reach Pretoria Cash Crusaders:

Call +27(0)21 787 9800 for quick directions

Mashonisa Online

As you might imagine, this is an online lender offering loans in Pretoria. The maximum interest rate is 27,5%, and the duration is between two to seven months.

Browning Mashonisa Online:

  • Email –
  • Call – 072 182 7065
  • Address – Block 2, Hurlingham Office Park, 59 Woodlands Avenue, Hurlingham, Sandton

Mashonisa in Witbank

mashonisa loans in Witbanks

Fast Quick Loans

Fast Quick Mashonisa Loans are the best if you are looking to start a small business. Amounts range from R20 000 to R5 000 000, and they are payable within 12 to 240 months. The interest rate is fixed at 4%, but additional costs may apply.


  • Call – 087 550 3115
  • Email –
  • Address – 165 West St, Sandown, Sandton City
  • Website –

Reathusa Loan

There are over seven Reathusa branches in South Africa. To get cash, you’ll need your ID and bank statement. This mashonisa loan sharks online guarantees fast and honest transactions with competitive interest rates.

Contact Details:

  • Call – 0861 666-390
  • Email –
  • Website –

MPS Cash Loan

MPS cash loans have some of the best interest rates in Witbank. They can assist you with car loans, SME loans, student loans, and so much more. To get a loan, you should contact them on their website or use the details below:

Letsatsi Witbank Loans

Letsatsi Loans can assist you with short or long-term loans, one-month loans, and debt consolidation loans. Their offerings range from R1000 to R50000, with payment periods of up to 13 months.

How to locate Witbank Letsatsi Finance:

Xcelsior Mashonisa Loans

Xcelsior loans guarantee money in just 30 minutes. They offer secured loans of up to R250000. The application process is paperless, and payouts are instant.

Reaching Excelsior:

  • Call – +27 (0)13 656 0058
  • Fax -+27 (0)13 656 0018
  • E-mail –
  • Address – Smokey Mountain Business Park, 105, First Floor
  • Website –

Orange Cash Loans

Orange Cash Mashonisa Loans are the go-to for quick and efficient services. They offer business loans, short and long-term loans, and student loans with interest rates that vary according to the payment time and amount.


  • Address – Msele Hoskens Building, 68 Arras Street, Witbank
  • Phone – 013 656 5858

Bafana Loans

Try Bafana Loans for instant cash at affordable rates. There is very little paperwork required and the rates vary according to the amount and duration of payment. Loans are ideal for covering emergencies, funerals, car purchases, and school fees.

Looking for Bafana Loans:

  • Address – President Street Ogies
  • Phone – +27 13 656 0144

Looking for more Mashonisa loan products in your area? Our website has information on different lenders across the entire country. Just search for the topic of your liking and find the information you are looking for. You can also contact us today if you are looking for the best, tried, and tested loan facilities in South Africa.

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