Icon clock

Application time remaining to get cash today.

06 35 26

I needed to pay my son's school fees the same day. The banks were too slow but luckily MPOWA Finance were able to help. I got the cash in my account within 2 hrs without leaving my desk!

Mr Maboko, Kathlehong

Testimonials one

I wanted a cash loan that was easy to apply for each month. With MPOWA Finance I never left my desk when applying for a new loan. I uploaded all my documents and just waited for the money!

Mr Moyo, Yeoville

Testimonials two

I needed a personal loan fast and could not take time off of work. With MPOWA Finance I got an INSTANT decision and was able to track my loan’s progress online! So easy & convenient.

Mr Monedi, Soweto

Testimonials three

I needed cash for groceries a week before payday. MPOWA Finance gave me INSTANT approval and I got cash in my account on the same day!

Ms Ngwenya, Orange Farm

Testimonials four

I was broke at months end and urgently needed money for petrol. I tried MPOWA Finance and was impressed with the slick application process. It was so easy to submit my documents and I had the cash in no time!

Mrs Brown, Fourways

Testimonials five

I needed to pay my son's school fees the same day. The banks were too slow but luckily MPOWA Finance were able to help. I got the cash in my account within 2 hrs without leaving my desk!

Mr Maboko, Kathlehong

Testimonials one

Already Approved?

Check Loan Status

Up to

R2500

in your account today!

Icon laptop

Sign  100%  

online

 - no printing! - 24/7/365

Icon tick

Free

  credit check with your first loan

Apply Now!

0
0
1
Icon tick

Interest and fees

Icon green arrow right
Icon tick

Non-payment procedures

Icon green arrow right
Icon tick

Renewal policy

Fees and interest charges by MPOWA Finance (Pty) Ltd in terms of chapter 5 of Credit Act no.34 of 2005:

- Initiation Fee of 16.5% of loan amount up to R1000, thereafter 10%

- Service Fee of R60 per month.

- Interest of 5% per month (.17% per day. 60%p.a) for the first loan in a Calendar year. 3% (0.1% per day. 36%p.a) for any loan thereafter in that calendar year.

Illustrative example:

Loan Amount R1000 taken out on 1st of the month repayable on 31st of the month.

Initiation Fee: R188.10 incl VAT

Service Fee: R68.40 incl VAT

Interest: R59.40 (1st loan) subsequent loan R35.64

Interest rate: 5%pm 60%pa 1st loan in a calendar year. 3%pm 36%pa for subsequent loan taken out in that same calendar year.

Credit Cost Multiple incl VAT 1.36 1st loan & 1.292 for a subsequent loan in same calendar year.

Outstanding Loan Amount: R1315.90 1st loan R1292.14 subsequent loan.

Illustrative 379% APR 1st loan 350% APR subsequent loan.

- Interest of 3% per month will accrue on all outstanding balances

- A Service Fee of R68.40 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.

- Renewal is not automatic and is subject to employment and affordability criteria.

- From time to time MPOWA Finance(Pty)Ltd reserve the right to do a new enquiry on your credit profile and readjust your loan offer if your circumstances have changes since first approval.

- Upon reapplication you will qualify for the same amount until you have successfully repaid 3 consecutive loans. Thereafter, if you feel your employment or credit circumstances have improved, you may apply for an increase through your assigned loan officer.

- No fees are charged to renew/ reapply for loans.

Icon tick

Interest and fees

Fees and interest charges by MPOWA Finance (Pty) Ltd in terms of chapter 5 of Credit Act no.34 of 2005:

- Initiation Fee of 16.5% of loan amount up to R1000, thereafter 10%

- Service Fee of R60 per month.

- Interest of 5% per month (.17% per day. 60%p.a) for the first loan in a Calendar year. 3% (0.1% per day. 36%p.a) for any loan thereafter in that calendar year.

Illustrative example:

Loan Amount R1000 taken out on 1st of the month repayable on 31st of the month.

Initiation Fee: R188.10 incl VAT

Service Fee: R68.40 incl VAT

Interest: R59.40 (1st loan) subsequent loan R35.64

Interest rate: 5%pm 60%pa 1st loan in a calendar year. 3%pm 36%pa for subsequent loan taken out in that same calendar year.

Credit Cost Multiple incl VAT 1.36 1st loan & 1.292 for a subsequent loan in same calendar year.

Outstanding Loan Amount: R1315.90 1st loan R1292.14 subsequent loan.

Illustrative 379% APR 1st loan 350% APR subsequent loan.

Icon tick

Non-payment procedures

- Interest of 3% per month will accrue on all outstanding balances

- A Service Fee of R68.40 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.

Icon tick

Renewal policy

- Renewal is not automatic and is subject to employment and affordability criteria.

- From time to time MPOWA Finance(Pty)Ltd reserve the right to do a new enquiry on your credit profile and readjust your loan offer if your circumstances have changes since first approval.

- Upon reapplication you will qualify for the same amount until you have successfully repaid 3 consecutive loans. Thereafter, if you feel your employment or credit circumstances have improved, you may apply for an increase through your assigned loan officer.

- No fees are charged to renew/ reapply for loans.