Jan 14 2020

#Loanfinder ~ #Video




Mpowa Finance

MpowaFin Loans

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

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.

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 Your Instant Mpowafin Loan

  1. Complete the online application by 15h00 today and create an account. A loan contract will be emailed immediately.
  2. Upload your latest 3 months bank statements and your signed contract OR fax your documents to your designated loan consultant.
  3. 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.

Go to the following link for more info on…
Personal Loans »


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