There's not a big difference between payday loans and short term loans. Usually, payday loans in South Africa allow you to borrow a small amount of money until your next payday, and you have to pay the loan in full. On the other hand, short term loans offer more flexible and extended repayment options than payday loans.
You can take a short term loan for up to 12 months and split the loan amount into monthly installments. It allows you to spread the overall cost of your loan and make the loan repayment more accessible and manageable. Keep in mind both are offered at higher interest rates.