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Interest Rate (p.a.)
From 20% APR to 112% APR
Loan Tenure
Сalculated individually
Approval Duration
Up to 24 hours
Min. monthly income
No requirements defined
Mazuma Loans Online lender SA
Mazuma Loans is a company in South Africa that help customers gain access to different types of loans. This company acts as a lender and introduces the customer to a number of partnered banks and lenders, who might be able to provide the client with the financial services that they require. Mazumaloans can help individuals in need of loans between R3,000 and R200,000, and the lending partners can provide the client with flexible repayment terms of up to 60 months.
The company is able to provide many of the offered services without the need for excessive paperwork. All applications are done online with no need to visit any physical offices in any region, whether making use of Mazuma Loans from Cape Town or any other location within the country.
Why Choose Mazuma Loans?
Mazuma Loans is unlike many other companies in South Africa that simply provide the customer with a list of potential lenders. Many of the other institutions that provide a similar brokerage service tend to charge fees for their help in assisting the client in finding a loan. Mazuma is not the same as these companies.
This broker tries to help the customer with a paperless online application that will not ask them to pay any fees. Additionally, the company has developed a system that closely examines the needs of the customer – and will then match the client to the right lender according to the information provided. This includes the needs of the customer, as well as their current credit status. With this in mind, the client has a higher chance of gaining access to the funds that they are applying for.
Many customers have also suggested in Mazuma Loans reviews that the staff are friendly and very helpful at the company.
What Types Of Loans Does Mazuma Loans Offer?
Mazuma Loans can help South African citizens with different types of loans to suit their specific financial needs. The particular loan that the customer will qualify for depending on a few factors, apart from their individual needs. This would include their credit score, as well as their credit history. The particular types of loans that are available include:
- Payday loans – up to R3,000 with a same-day approval;
- Short-term loans – up to R8,000 with access to funds within 24 hours;
- Medium-term loans – up to R20,000;
- Long-term loans – up to R200,000.
How To Apply?
Most customers will be able to gain access to a paperless online application when they turn to Mazuma Loans. It does, however, depend on the type of loan that they are applying for. The application process is also easy enough that anyone can complete it, regardless of their technical skills. Simply visit the official Mazuma Loans South Africa website – and click the “Apply Now” button at the type of loan that you wish to apply for.
This takes you to a simple form to fill out. The requested information will depend on the type of loan that you are interested in. Medium-term and long-term loans may require you to submit some documentation, such as a three-month back statement, ID copy, and a payslip.
How Mazuma Loans Help You?
Mazuma Loans can be a great choice if you are looking for a loan from as little as R3,000 up to around R200,000. You can choose the repayment period that would best suit your budget – take out a loan until the end of the month or pay back over a period of up to 60 months.
The company will not charge you for using their services, which is yet another way that Mazuma Loans can definitely be of assistance – thus, there is no need to worry about having to pay fees without being guaranteed an approval.
