Mpowa Finance is one of South Africa’s biggest online loan lenders that provides same day loans, so if you are in need of an instant cash advance to complete a certain task or goal, Mpowa Finance can lend a helping hand.
Mpowa Personal Loans are flexible and have a same day loan payout for new qualifying customers and you can borrow a loan amount of R500 up to R8000. Mpowa loan repayment must be made between 1 to 31 days with only one instalment, customers must apply for a loan that can be enough for them to repay in just one month with their current salary.
Mpowa Finance Personal Loan Fees and Interests
- 5% per month Interest for the first loan in the current year
- 16.5% Initiation fee for a loan of up to R1000
- R60 each month for Service fee
Requirements for Mpowa Personal Loan
To increase your chances of getting a Mpowa loan you must be a South African citizen who is 18 years or older, you must be legally employed and earning at least minimum wage to manage your loan properly, must also have proof that you are getting income (i.e bank statement or payslip), active bank account in order to have secure loan payment and repayment and lastly having a good credit score is crucial in securing a Mpowa Personal Loan.
Mpowa Personal Required Documents
The following documents will be needed when applying for a Mpowa loan online so you must have the copies in your possession.
- You must have South African ID for proof of citizenship
- Must have latest 3 bank statement
- Must have payslip from your employer
Mpowa Contact Details
In order to contact Mpowa you can use their email address: loans4u@mpowafin.co.za or give them a call on their call centre on: 0861 228 228
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