Mpowa is an online lending company. The service positions itself as a fully automated lending platform. According to the information on the site, customers can count on round-the-clock service and quick authorization to receive a loan. The company operates in South Africa on legal grounds and is controlled by the Commission on Intellectual Property.
This is the official creditor operating under the current legislation. Approved bank like business has a good cash amount for users. Mpowa is good for small loans. Service has the official license of the Ministry of Finance. The company is positioning itself as an online service for quick loans. The algorithm of the company is described on the main page. Informative online calculator allows you to calculate all the details of the upcoming loan and choose the best conditions.
Requirements for online loan in Mpowa
Company loans are granted to citizens on the basis of a number of conditions and criteria, namely:
- Presence of client ID;
- Current account number in an African bank;
- Mobile phone number of one of the SA operators.
- Minimum application criteria;
- Employment document for debt cash.
Candidates must ensure that they meet the minimum criteria before applying. This means that they must have a South African ID card, have an active bank account in South Africa and a mobile phone number in South Africa. A citizen who has reached the age of 18 can receive a loan. Also, customers will have to confirm their credit rating. In some cases, the company may require copies of personal documents.
This is a modern company that knows what customers need. The site interface has informative information about the most favorable credit conditions. All information is provided in a concise visual style. This helps customers to choose the most convenient type of lending. People have to create account and use application to apply money loans. It’s good for unsecured loans.
Interest rate in Mpowa
Initiation Fee is 10%. The interest is 5% per month. The maximum loan period is limited to 30 days. Users can count on amounts from R500 to R2500. There is also a loyalty system that allows customers to count on significant discounts when re-crediting and performing various tasks. Company is a Credit bureau with high customer relationship management ibu. Instant Cash loan is right what people need. People can get payday loan with good loan term in South Africa. Payday online offer is a chance to get money immediately.
The registration process is quite simple and convenient. Users do not need to spend a lot of time filling out online forms. Everything is automated and simplified. This allows you to concentrate on the main aspects of lending. People can pay after the salary comes.
How to get Mpowa loan online?
The scheme for obtaining a loan is quite simple. On the main page there is an online calculator. With this option you need to select the desired amount and term of the loan. After that, the system transfers the user to the menu for creating a profile or entering an existing one. Conservative customer credit system is affordable for each consumer. Do not be afraid of the transfer of personal data. All information is securely protected. The company does not transfer this to third parties.
Users need to provide standard information about them, ID number, bank card number and phone number. The verification number will be sent to the specified phone number. The second stage will be associated with data verification. Users may need to upload a copy of their personal documents and confirm a positive credit history. After completion of the stage, you must choose a method of receiving money.
Advantages and disadvantages of Mpowa
The service is most convenient for beginners. To obtain a loan, you only need a stable Internet connection. All data is filled online. No paper work. The disadvantages include the need to confirm the credit rating. Only adults can get a loan. Loans for blacklisted people are also a good option. In order to increase their chances, users need to specify only reliable data.
The company carefully checks each client and gives out money only to the most responsible. The finance service has low lend fee. The limit amount is limited, which is unacceptable for many modern customers. The first loan is paid with a much smaller amount than all subsequent ones.
Customers can contact the company in several different ways. All technical issues can be resolved with company managers. Here are a few options:
- Telephone number: 0861 228228;
- Fax: 0866 893 708;
- Website: mpowafin.co.za;
- E-mail for customers: firstname.lastname@example.org;
- Mailing Address: Postnet Suite 462, Private Bag X9, Benmore, 2010