After that, cash switch times depend on your financial institution. Relying on your private credit score profile, lenders sometimes only lend small quantities of between R100 to R8,000. As a result of the annual proportion price of interest (APR) for which payday loans common round four hundred% , only use a payday loan when it is the best option for you. Spending extra money than you earn is a traditional motive individuals get payday loans.