Payday Loans help a lot of people who are in need of immediate financial assistance, if you are looking for a loan from a trusted lender Mpowa Finance Payday Loans are no exception, they are fast to approve and affordable.
Mpowa finance is a registered credit provider that offers Payday Loans that start from a minimum of R500 up to maximum of R8000 and the repayment of the loan must be paid in full on your payday, mostly between the 1st and 31st of the month.
New customers are eligible to borrow a loan amount starting from R500 up to maximum of R2500, you will only qualify for the R8000 once have successfully paid three consecutive loans.
Mpowa Finance Payday Loan Requirements
In order to qualify for the Mpowa Finance Payday Loan you must meet the following eligibility criteria:
- Must have a Valid South African ID
- Must be 18 years or older
- Must have a cellphone number
- Must be permanently employed
- Have active bank account were your salary is being paid
- Proof of Income will be required like your latest payslip or bank statement
How to Apply for the Mpowa Finance Payday Loan
Applying for the Mpowa Finance Loan is quite simple and the whole process is done online on their website and will only take minutes to finish applying:
- You are firstly required to create your profile on the Mpowa Finance website by providing your personal and financial details on the home page
- Then choose the loan amount you desire and the repayment period
- After a few minutes you will be sent a loan contract on your email account
- You will then send your recent payslip or 3 months bank statement after signing your documents
- Mpowa Finance will then give you a call to record your voice for authentication of your contract details
- If your loan application get approved you will receive your money same day before 17h00
Information Needed On Application Process
The following information will be required when applying for the loan online
- Valid South African ID Number
- Personal details (i.e. Name, Surname, Email and Cellphone number)
- Information of your employment
- Monthly Income after deduction
- Banking Details
- Debit orders and Expenses
Interests and Fees
Mpowa Finance is transparent lender that shows your all your fees and interest before begin the application process:
- R60 each more for the Service Fee
- R165 plus VAT for the Initiation Fee for a loan amount of up to R1000, after that 10%
- Interest Rate of 4,5% each month, 54% per annum and 15% per day
Mpowa Finance Contact Details
To contact Mpowa Finance you can use the details that follows:
- Cellphone Number: 0861 228 228
- Email Address: loans4u@mpowafin.co.za
- SMS: 083 736 0165
To get more personal loan click here