A Payday loan is much like a short term unsecured loan, except it is designed to help you to quickly get the cash you need in an emergency. These loans can be used for any purpose but are generally used to cover temporary setbacks or shortages of cash until you get paid your salary at the end of the month. The loan is then typically paid back in full at the end of the month when you receive your salary, however, these days it is quite common for a Payday loan to be paid off over a few months. Due to the flexibility of these loans, the interest rates charged are usually higher than most other types of loans.
The process is simple, applications done through us can be instantly approved online and you can borrow up to R3,000. Money could be in your account within a few short hours and you can repay the loan off in the specified time period to suit you.
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MazumaLoans.co.za is a trading name of CAB Partners, a Company registered in South Africa. All finance options are subject to relevant credit checks and personal circumstances. To apply, you must be 18 years or older. Please carefully read the terms and conditions before applying. MazumaLoans.co.za introduces customers to various lenders, and may obtain a commission payment for these introductions.