Get Money in Minutes!
Your credit score won't be affected by this step
Dola Money (Pty) Ltd is a Registered Credit Provider in terms of Section 40 of the National Credit Act. All costs displayed are in accordance with the legislative guidelines.
Getting money is incredibly especially extremely fast and easy.
We did our research and came up with the fastest way to get money in your account. Paid and available in 10 minutes, subject to bank industry restrictions.
Bank Statements
Credit Check
Accept and Authorize
Short Term Loans
- Borrow from R1000 to R5000 with a 61 to 180 day repayment
(The system will show you an option for a R5 000 loan, once you have repaid 3 x R3 000 loans) - Interest from 36% APR* to maximum 60% APR*
How much interest will I repay?
- The online loan and all fees, costs and charges are reflected upon application.
- What you see, is what you get. No hidden costs.
Fee & Interest Breakdown Summary
- Service fee R60.00 per month plus 15% VAT
- Initiation fee 15% on first R1000.00, +10% on any value above R1000.00, to a max of R1000.00, plus 15% VAT
- Interest rate 0.17% per day up to a max 5% per month
- APR* ranges from 36% APR* to maximum 60% APR*
Representative Example
If you borrow R1,000 for 90 days (3 months), you will pay:- 3 repayments of R468.12 per month
- Interest @5% - R76.78
- Initiation fee - R172.50
- Service fee - R155.09 (at R69 per month)
- Representative 60% APR*
* The above is only an example of typical loan costs. You will see your exact loan costs before you accept the loan agreement.
Fees & Interest are based on regulations set out in Chapter 5 of the NCA no.34 of 2005.
Dola Money promotes responsible lending.
Loans are granted based on your affordability and credit score.
The Annual Percentage Rate (APR) is the cost you pay each year to borrow money, including fees, expressed as a percentage.
As a responsible lender, Dola Money uses Debicheck collections for all debit orders.
What is DebiCheck?
DebiCheck is a new authorisation process implemented by South African banks to reduce fraudulent debit order activity. With DebiCheck you electronically confirm with your bank that there will be a new debit order for a new contract that you have signed. Your bank will now know the details of what you have agreed to and will not allow your debit order to be processed outside the terms that you have confirmed.
Is DebiCheck safe to use?
The DebiCheck system was designed by banks and according to the prescribed industry standards. The system is therefore secure. Your bank will communicate how you can securely and electronically confirm your debit orders. You will therefore need to ensure that your bank has your updated cellphone number and that all your contact details with the bank are up to date.
Why is DebiCheck important for me as a consumer?
DebiCheck puts the control in your hands. By giving your prior approval for a DebiCheck you are in control of the debit orders that you allow to go off your account. You will have peace of mind knowing that a DebiCheck collection must be processed within the agreed conditions you have confirmed. This is because when it is time for the debit order to be collected, your bank first verifies Dola Money’s debit order request against the DebiCheck mandate you gave, before the Dola Money debit order request is submitted for payment. Dola Money also benefits from the DebiCheck process, because it rules out any cash flow management strategies from abusive consumers.
How does DebiCheck work?
- If Dola Money approves your loan, your bank will send a USSD message to your phone for you to confirm the loan details. You only confirm the details once for each loan. IMPORTANT: You only have two minutes to reply to the bank's message, so make sure you have your phone with you when you apply!
- Your bank will let us know once you have confirmed the debit order details, whereupon Dola Money will immediately pay you the loan amount.
- When Dola Money wants to collect the debit order (on your chosen date), your bank will verify the loan terms and if the critical information does not match, the bank will not allow the debit order collection to go through.
Why your bank must have your correct cellphone number.
If we approve your loan, your bank will immediately send a USSD message to your cellphone so that you can confirm the loan terms. This means your bank has to know which number to contact you on.
We're not the only ones excited happy about Dola Money...
I received the money . Thank you very much - your service is excellent and fast!
Thank you for always going an extra mile to assist, you are really the best 🥳🥳
The process was super easy. A HUGE thumbs up!
