Guide

Cash Converters loans: Same Day loans and alternatives

Cash Converters offers a one-month Same Day loan in its stores. Here is how it works, what it costs, and similar lenders you can apply to online.

Compare similar providers

Written by LM editorial teamLast reviewed 1 October 2026

What Cash Converters offers

Cash Converters buys and sells second-hand goods. It also offers loans in its stores, which many people call “Cashies”. It says it has “more than 85 stores across Southern Africa”.

Its loan is the Same Day loan. It is a one-month loan that you repay on your next payday. You apply in a store, not online. The money is loaded onto a Cashies Card, not paid into your bank account.

Cash Converters says every store is a registered credit provider. Stores are run as franchises, so each one has its own NCR number.

Company	Franchise stores, each run by its own company
NCR registration	Each store registers separately. The NCR register lists about 80 credit providers trading as Cash Converters. Ask your store for its NCRCP number.
Products	Same Day loan (one-month cash loan). Also buys and sells second-hand goods.
Amounts	Not published on its website
Terms	One month (30 days), repaid on your next salary date
Costs as published	Interest of 5% a month on a first loan. Later loans in the same year are 3% a month. Initiation fee of R165 plus 10% above R1,000, up to R1,050. Service fee of R60 a month. Fees exclude 15% VAT.
Payout (their words)	The money is loaded onto a Cashies Card. “We’ll sort you out in no time.”

What Cash Converters asks for

You must be 18 or older.
Proof of identity.
Recent payslips.
Your last three months’ bank statements.

From Cash Converters’ own website and the NCR register, checked October 2026. Cash Converters is not one of our partners and we earn nothing if you apply there.

How to apply for a Cash Converters loan

Find your nearest store with the Cash Converters store locator.
Take your ID, recent payslips and three months’ bank statements.
A consultant works out how much you can borrow.
Read the quote and agreement. Check the total you will repay.
The money goes onto a Cashies Card. You repay it on your next payday.

Providers similar to Cash Converters

These NCR-registered lenders offer small, short-term loans. You apply online instead of in a store. The same legal caps on interest and fees apply.

Creditbar

NCR-registered lender · NCRCP23238

R500 – R5,000 · 7 – 61 days

Apply at Creditbar →Read our review

Jabulani Money

NCR-registered lender · NCRCP22362

R500 – R4,000 · Payday (repayable on your next salary date)

Apply at Jabulani Money →Read our review

Crediwise

NCR-registered lender · NCRCP22496

R500 – R4,000

Apply at Crediwise →Read our review

Century

NCR-registered lender · NCRCP20790

R500 – R8,000 · 5 – 180 days

Apply at Century →Read our review

We may earn a commission if you apply through these links. It doesn't change what you pay. How we make money.

How to choose

Check the provider's NCR number on the NCR register. A loan-matching service must tell you which lender you'll sign with.
Compare the total amount you will repay, in rand, not only the interest rate.
On short-term loans, a first loan may cost at most 5% interest a month. Later short-term loans in the same year are capped at 3%.
The initiation fee is capped at R165 plus 10% of the amount above R1,000, up to R1,050. It can never be more than 15% of the loan. The service fee is capped at R60 a month. VAT is added to both. See our responsible lending page.
Apply to one or two providers at a time. Many applications in a short period can hurt your credit score.
Already struggling with repayments? Talk to a registered debt counsellor before you borrow more.

Cash Converters loans — frequently asked questions

Does Cash Converters offer payday loans?

Yes. Its Same Day loan is a one-month loan repaid on your next salary run. You apply in a Cash Converters store.

How much does a Cash Converters loan cost?

Cash Converters says interest is 5% a month on a first loan. The initiation fee is R165 plus 10% above R1,000, up to R1,050. The service fee is R60 a month. Fees exclude VAT.

Can I apply for a Cash Converters loan online?

Not for the Same Day loan. Cash Converters says to visit your nearest store and chat to a consultant.

How do I get the money?

Cash Converters loads the money onto a Cashies Card. It is not paid into your bank account.

Is Cash Converters registered with the NCR?

Cash Converters says every store is a registered credit provider. Each franchise has its own NCR number. Ask the store for it and check it at ncr.org.za.

Sources

A note on how we work: Cash Converters is not connected to Lendable Marketplace. This guide is independent and based on Cash Converters' own published information and the NCR register, checked October 2026.

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