Four Months Loan Offers in South Africa | MyLoan

Representative example: a R50 000 loan at an interest rate of 24.5% per annum plus a once-off initiation fee of R1 207.50 (added to the loan amount in this example) and a monthly admin fee of R69.00, over 72 months would have a total cost of R 103 155.57. The maximum annual interest rate including fees is 27.5%. Repayment terms can range from 1 - 72 months. MyLoan is an online loan broker and not a lender. Our service is free and we work with NCR licensed lenders in South Africa. Interest rates charged by lenders can start as low as 20% APR, including an initiation and service fee determined by the lender. The interest rate offered depends on the applicants’ credit score and other factors at the lenders’ discretion.

What is four months loan?

Four months loan is money you borrow for a short term, and in this case, you pay it back in four months. In other words, four months loan acts like a short term loan.

This is something most people need from time to time. Even if you are careful with your finances, sometimes you find yourself needing extra money, and you can’t wait until month-end.

Common reasons for taking out a four months loan include paying for car repairs, medical costs, and living expenses like rent, transport, and groceries. 

If you need the money for other personal needs, it’s up to you how you use the money.

Features of a four months loan

Here are the key details you need to know when taking out a four months loan:

Loan amount

The loan amount is usually limited since you are only borrowing to meet short term needs. 

Generally, four months loans range from R100 to R4000. However, the loan amount you qualify for varies from lender to lender and depends on your financial situation.

Loan Term

As the name suggests, a four months loan only lasts up to 4 months.


Interest will be charged on the amount you borrow. For instance, if you owe R2000, you’ll have to pay back this R2000 plus interest. 

The higher the interest rate, the more you will owe. So, when comparing loan offers, the cheapest loan is usually one with the lowest rate.

Fees and charges 

Besides the interest, a four months loan also comes with additional fees and charges, such as administration and possible late payment fees. 

It’s also important to find out what the fees will be so you can budget for your loan.

Repayment amount

A four months loan is usually paid back in four instalments. The money is typically deducted from your bank account once your pay date arrives.

Advantages of a four month loan

Disadvantages of a four month loan

How to apply for a four months loan

Simply fill in the application form provided by After you submit your application, we forward it to our online partner lenders, who will then list their offers.

Compare these offers and choose the best financial services for your needs. Once your application is approved, the money gets deposited in your bank account.

What you will need

South African lenders have the following general requirements:

However, keep in mind that these requirements depend on the lender.

Are there any alternatives to a 4 months loan?

If you are wondering whether there are other short term options, such as a two month loan or a six month loan, then the answer is yes.

Our lender partners provide financial services suitable for a wide range of personal needs.

Make sure you provide the correct loan details in our application form, and we will put you in touch with the right online lender.