Short-Term Loans. Short-term loans have gained tremendous popularity in SA over the past few years. These loans are done entirely online and are generally for loan amounts up to R4,000 for first time applicants and R8,000 if you have taken a short-term loan out before with the same loan provider. Fact checked. Like most forms of credit, applying for a payday loan will have an impact on your credit score. Any application for a loan (whether approved or denied) and information including how.