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06 22 37

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

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

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

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! Plus it’s so easy to reapply!

Ms Ngwenya, Orange Farm

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

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

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  • Total Debit Orders

    Please supply the total amount of REGULAR debit orders that go through your account each month. This includes all insurance, cell-phone, Telkom and loan / finance / credit card/ rent amounts. Please be accurate as this may hamper the speed of the processing your loan application

    INTEREST AND FEES

    NON-PAYMENT PROCEDURES

    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 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. 60%pa

    Illustrative example:

    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

    Illustrative 348.63% APR

    - Interest of 5% per month will accrue on all outstanding balances

    - Costs incurred to recover the debt such as failed debit order fees will be charged to the client

    - 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.