MpowaFin Loans

If you need some extra cash today, Mpowafin can give you instant approval for small loans now.

It’s so easy…

If you have a South African ID you can apply online for your Mpowafin loan & get your cash paid into your account the same day.

All you need to do is complete & submit the loan application form before 3pm & if you are approved you will have your money by 5pm.

3 Of the Best Instant Loan Options For Fast Approval »

For returning clients you can just go to the Mpowa login & apply to renew your loan at no extra charge should you find you need more cash .

3 Easy Steps To Get Instant Mpowafin Loans

MpowaFin Loans
Complete the online application by 15h00 today and create an account. A loan contract will be emailed immediately.
Upload your latest 3 months bank statements and your signed contract OR fax your documents to your designated loan consultant.
A consultant from Mpowa Finance will contact you to confirm your contract details &, if all is good, your cash will be in your account by 17h00 that same day.

Mpowa Login

Once you’ve submitted your application, or you are a returning client, you can just head on over to the Mpowa Login here to renew your loan should you need more money.

Once you’ve paid of a number of loans you could also qualify for higher loan amounts that will also be paid out instantly.

Mpowa Finance Loans – Interest & Fees

Initiation Fee of 15% of loan amount up to R1000, thereafter 10% plus VAT
Service Fee of R50 per month plus VAT
Interest of 5% per month/ 0.17% per day which is 60% per annum
Fees are not charged for client renewing or reapplying for additional loans

Example Of Interest & Fees For a R1,000 Loan

To illustrate these charges for a R1,000 loan

Loan Amount: R1000 for 30 days
Initiation Fee: R171
Service Fee: R57
Interest: R58,55
Interest rate: 5%pm 60%pa (fixed)
Outstanding Loan Amount: R1286,55
Therefore interest & fees for this loan amount to a total of R286,55

Charges & Consequences For Non Repayment Of a Loan

Interest of 5% per month will accrue on all outstanding balances
A Service Fee of R57 will be charged for all accounts 30 days in arrears
All attempts will be made to contact the client to agree repayment terms, where after legal proceedings will be enforced
Non payment will result in a client’s credit profile being negatively impacted.

Lastly, for peace of mind, you’ll be pleased to know that Mpowa Finance subscribes to the National Credit Regulator‘s policy on responsible lending which gives you more protection.