A micro loan that lives in your wallet
No bank statements, no branch, no paperwork. Use your SOLmate account actively — and your personal Cash Advance offer appears right on your home screen.
Money lands in your wallet minutes after approval.
- Registered credit provider NCRCP16037
- FSCA-authorised FSP 52248
- Paid out in minutes after approval
- Reports to the credit bureau — builds your record
The loan that doesn't ask for a bank statement
Traditional micro-lenders ask for bank statements. SOLmate already sees how you handle money — bank on it for around six months, and when you qualify, your offer appears on your home screen with the amount and terms already worked out.
No bank statement required — your account activity speaks for you
No application forms — the offer comes to you, pre-assessed
Money in minutes — approved funds land straight in your wallet
How it works
- Bank on SOLmate as your primary account for around 3-6 months
- See the offer on your home screen — once you qualify, it's there 24/7
- Choose amount and term (1–2 months) — and see the full cost line by line before you sign
- Consent to the credit check, sign with OTP
- Money lands in your wallet immediately
Offers are personal: your account activity over time is the application — no forms, no bank statements. The full cost, term and repayment dates are shown in the app before you sign.
See what a Cash Advance could cost — before you even apply
Estimates only, based on current standard rates. A once-off initiation fee and monthly admin fees apply. Your personal offer, amount and final cost depend on your individual assessment and are confirmed in the app before you sign. Subject to credit assessment · NCRCP16037.
Early settlement with no penalty
Request a settlement quote in the app — it's valid for 5 business days, and no interest accrues inside that window. Interest and admin fees recalculate pro-rata to the day: settle earlier, pay less. There is no early-settlement penalty.
Why is there no offer on my screen?
Your eligibility is assessed based on your usage of the SOLmate account. If there is no offer on your home screen, you will need to keep building your profile by depositing and transacting regularly.
Frequently asked questions
How do I apply for a Cash Advance?
You don't apply. If you're eligible, the offer appears on your SOLmate home screen with your personal amount and terms.
How much can I borrow?
Your limit is personal and shown in your offer. Cash Advance is short-term credit under the NCA; personal limits grow with account use.
Do I need bank statements or payslips?
No. Your SOLmate account history replaces them.
How fast is the payout?
Immediately after approval and OTP signing, straight into your wallet, with push and SMS confirmation.
Can I repay early?
Yes, with no penalty. Request a settlement quote in the app (valid 5 business days); interest and fees recalculate pro-rata, so earlier means cheaper.
What if I miss a payment?
3 days' grace, then daily penalty interest and continued admin fee; the status becomes Defaulted and it's reported to the credit bureau.
Does a Cash Advance affect my credit record?
Yes, both ways: the loan is registered with the bureau within 48 hours and reported monthly. Paying on time builds your record.
Is SOLmate a registered lender?
SOLmate (SOL Ecosystem (Pty) Ltd) is a registered credit provider (NCRCP16037) and an FSCA-authorised financial services provider (FSP 52248).
The offer finds you —
if you have the account
Open a SOLmate account in about 3 minutes with an SA ID, passport or asylum seeker permit. Get paid into it, use it — and when you qualify, your Cash Advance offer will be waiting on the home screen.
Open my account- R0 to open
- 3 minutes
- one document
SOLmate is not a bank. SOL ECOSYSTEM (PTY) LIMITED (Registration Number 2020/851425/07) is an authorised Financial Services Provider under the Financial Advisory and Intermediary Services Act No 37 of 2002 — FSP 52248 — and a Registered Credit Provider (NCRCP16037). Cash Advance is short-term credit under the National Credit Act; all offers are subject to an affordability assessment and a credit bureau check. Borrow only what your budget can repay.