Rating based on 868 reviews
About Mpowa Finance
We're a South African lender that offer customers across the country payday cash loans - with no hassle, delays or stress!
When you need a loan quickly or have bad credit - Mpowa Finance is here to help you out with our superior lending services.
We offer you the personalized service you deserve
We always ensure that our customers are attended to in an efficient and timorous manner - we pride ourselves in our ability to offer a friendly and personalized service. We diligently process each online loan application individually and access affordability based on income as well as credit history.
What Mpowa Finance can offer you
At Mpowa Finance we base the interest rate we offer on the NCA regulations and allow people who have poor credit to apply.
You can get a payday loan from as little as R500 to as much as R 2,500 on the same day, depending on your individual needs and income.
Considering income and credit history combined
Our quick loans are available to all South African citizens over the age of 18 - whether they have good credit or have had a few bumps along the way. When we conduct our affordability checks we consider the expendable income of the applicant and not only their credit history.
0 % Per annum
In a Nutshell
- Average processing time 1 hour
- Online application
- Unsecured loan option
- Bad credit consideration
- Early repayment
A payday loan is easy to apply for & you can have the cash within just minutes
When it comes to your money - you should be the one in control and, at Mpowa Finance, that’s exactly where you'll be.
Choose your own short term loan amount and tell us when you get paid and we'll take care of the rest.
At Mpowa Finance we have the following qualifying requirements which applicants must meet before applying with us:
- Must be 18 or over
- Must be a South African citizen
- Must be employed and earning a stable income
- Must be able to provide supporting documents
These supporting documents include your proof of address, ID, pay slips and bank statements.
What you'll be paying
When you need a payday loan you may inadvertently overlook very important details such as the rate the lender is offering and whether or not the loan will actually meet your needs. With us, we make things clear and simple and we'll do it all online!
When you apply for an online payday loan it is important to remember that you will need to repay the entire loan amount by your next salary date. This means that you will need to repay the amount that you originally borrow together will any interest that you will be charged.
Our loans require you to pay an initiation fee of 16.5% and a service fee of R60 per month. The loan interest rate is charged at 5% per month.
The benefit of applying for additional loans
Once you have repaid your loan in full, you will be able to apply for an additional loan. If you apply for 3 loans and you have no problems repaying them, you will then qualify to borrow an even larger amount of money in the future. The more times that you apply, the more benefits you will be able to unlock.
Once your loan application has been approved the money will be paid into your account by 5 pm the same day.
As long as you have been employed by your company for at least 3 months and can show you have the ability to repay your loan, then your loan application will be approved.
The advantages of applying for an online payday loan via Mpowa
Our loans were designed to get you the quick cash that you require in the form of a payday loan. The online application process is easy to complete and the money can be paid into your account on the very same day. If you need money to take care of a time-sensitive issue then these loans are ideal as you can receive the cash very quickly.
Other advantages of applying include:
- No need to visit the branch
- No paperwork or waiting around
- Your personal information will remain safe and won’t be shared with 3rd parties
- The money will be transferred to your allocated bank account
- The loan will be deducted directly from your account
Online payday loans don’t need to be secured by an item of collateral so there is very little risk in applying for one. As long as you are able to repay your loan and you have a stable job, then your loan application will be approved.
Make sure that you calculate the entire cost of the loan including the interest rate and any other fees.
100% free with no hidden fees
We don’t trap you in a package deal instead we will find you the loan that you are looking for with no hidden fees and no need to sign up for membership. If you like the quote that we send you all you need to do is accept it if you don’t like what you see and you decide that you don’t want the quote there is absolutely no obligation to proceed.
Consultants standing by to answer your questions
The application process is very simple but if you have any questions our consultants are there to answer any questions that you may have or clarify any terms that you don’t understand. If you don’t want to speak to a consultant then you can use the online chat function to get real-time answers to all your questions.
Eligibility & Requirements
- Employed full-time
- Credit check
- Recent pay slips
- Bank statements
Other Products & Services
- Fast online Loans
Customer Reviews & Testimonials
I was very happy to receive my money very quickly. I applied from my phone while I was riding on the bus and by the time I had arrived at the shops the money had been paid into my account. It was so easy to apply and I could go shopping on the very same day.
— Grahamstown —
I will be sure to recommend your service to all my friends. It was so simple to apply for the loan online and I was very impressed with the low-interest rate that I was charged on the loan.
— Bloemfontein —
I have applied for one of your loans before and was very impressed, I decided to apply again and was even more impressed the second time around. Keep up the good work and your great customer service.
— Germiston —
- 0861 228 228
- 0866 893 708
- Postnet Suite 462, Private Bag X9, Benmore, Johannesburg, 2010, South Africa