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MyLoan Reviews 

8,778
•
TrustScore 4.5 out of 5

4.4

Non-Bank Financial Service
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Review summary

Created with AI, based on recent reviews

Considering 5,142 reviews, reviewers overwhelmingly had a great experience with this company. Consumers frequently share that the digital application process is extremely fast, wonderfully straightforward, and entirely user-friendly from start to finish. Many people genuinely appreciate receiving quick payouts, benefiting from low interest rates, and interacting with a wonderfully helpful support team that responds rapidly. However, some customers also noted frustrating issues where the approved loan amount turned out to be much lower than what they originally requested. A few people additionally mentioned experiencing unexpected and frustrating delays in receiving their funds, leaving them waiting without clear updates on their payout transactions.

What people talk about most

Service

Users describe positive interactions with service, highlighting the professional and efficient application... See more

User experience

Customers consistently note positive experiences with user experience, highlighting the fast and efficient... See more

Payment

Clients share positive opinions on payment, highlighting that the payout process is extremely quick and... See more

Response time

Customers had positive experiences with response time, frequently highlighting the fast turnaround and... See more

Customer service

People report positive experiences with customer service, highlighting fast, efficient, and professional... See more

Reviews shaping this summary

Rated 5 out of 5 stars

I obviously wasnt sure if this was legit. Everything was done efficiently and professionally. I needed fast cash for my business. Your turnaround time is on point.

Rated 5 out of 5 stars

They dont take much time to answer. No payslips, id copies needed like any other loan companies, you just fill in their form with a 3 months bank statement. My problem is that, they dont tell you the... See more

Rated 5 out of 5 stars

First time applying for a loan around 10pm and funds deposited within 2min thanks to you guys keep you the good job 👍🙏

Rated 5 out of 5 stars

Am happy that it accepted me, en the 500 it sent to my account helped me alot even though it was not the amount I applied for, I just need to know is this the process you guys go through before giving... See more

Company details

  1. Non-Bank Financial Service
  2. Finance Broker

About MyLoan

Written by the company

MyLoan was formed to serve South African consumers. MyLoan helps you to find and compare the best loans available online. Our service helps you and our credit provider partners to find each other – so that your temporary cash need is serviced. We want you to be able to fulfil your dreams, or maybe get over common challenges, at the best prices. Most importantly, we want this to happen quickly, in a safe environment and totally free. Our partners are widely known and trusted South African lenders with the appropriate moneylending licenses.
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4.4

Excellent

TrustScore 4.5 out of 5

9K reviews

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4.4

All reviews

(8,778)

4,943 reviews in the last 12 months

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Rated 5 out of 5 stars

Maximum of 2hrs approval

They dont take much time to answer.
No payslips, id copies needed like any other loan companies, you just fill in their form with a 3 months bank statement. My problem is that, they dont tell you the amount you are going to get before accepting the mandate to your bank app e.g i was looking for R4000, they approved and then send a mandate of R1600.... Only to find out that its R1200 that im going to get, otherwise the service was excellent.

3 August 2026

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