Rating based on 35 reviews

Mpowa Finance

  • Payday loans up to R2,000
  • Low-interest starting from 36%
  • Repayment up to 40 days

In-page navigation

Mpowa Finance homepage
Author Mpowa Finance. Screenshot of Mpowa Finance website.
[Accessed May 13, 2018]

MPOWA Finance - Instant payday loans

MPOWA Finance offers all their successful applicants a short-term loan in the form of instant cash in their bank the same day. If you have applied before 3 pm on any business day, you can expect to see these funds immediately.

Due to our applications being online, you are afforded all the convenience of applying from the comfort of your own home.

With all our contracts, you can rest assured they remain confidential as they are signed and voice recorded for your protection. Reapplications can also be done online, enabling the process to be a far simpler one.

The requirements to apply for a loan with us

If you are a citizen of South Africa and are in need of a short-term loan, then we are here to help you! We believe in building meaningful relationships with our clients and make time to really understand the dynamics and ever-changing needs and circumstances of all our clients.

Our rates offered fully adhere to the terms of the National Credit Act (NCR) and are among the lowest in the industry.

We comply with the NCR

MPOWA Finance stands by the National Credit Regulator's policy on responsible lending. We don’t wish to see our clients endure any further debt issues, therefore our lending criteria are conservative by industry standards.

Making a decision on a loan constitutes a variety of factors that we need to take into account. A few of these are your monthly salary before and after deductions, your type of employment, and the length of times you’ve worked there, as well as a general credit check.

We go through the credit bureau to get an indication of your financial habits and to clear you of any fraudulent activity that could be related to your ID number.

Our service fees

Our fees are transparent and available on the quote. The payday loans are small amounts which essentially is only meant to get you through to the next pay day.  Speaking of loan amounts, ours vary from R500 to R2500 and you may accept or decline the offer at any point. 

Payday loans up to R2500

We offer quick, and hassle-free payday loans of up to R2500.

How it works

When it’s time to sign, you can do this all online, which means no queues necessary or even getting out of bed when you think about it! It’s completely online. Just remember to have your bank statements handy, as you’ll need to upload these when you’re applying.

You’ll also receive a free credit check with your first personal loan to ensure that you qualify. With our user-friendly sliding scale on our website, you can input your net salary, your monthly debit orders, expenses, and payday, and based on those factors alone, we will provide you with a decision instantly.

Simply apply and register and ensure that you complete this process before 3 pm on any business day, and a loan contract will be emailed to you immediately.

Interest and fees

The charges from MPOWA Finance all abide by the rules and terms stated in chapter 5 of Credit Act no.34 of 2005. The initiation fee will be R165 plus VAT on a loan amount up to R1000 and anything thereafter is at 10%.

We also have a service fee chargeable at R60 per month. Lastly, our interest is at 5% per month (.17% per day. 60%p. a) for your first loan during the calendar year. 3% (0.1% per day. 36%p.a) for any payday loan thereafter in that calendar year.

Non-payment procedures

Should you miss a payment, we will charge 3% per month accruing on all outstanding balances. We will, however, try at every angle to communicate with the client to arrange repayment terms, whereafter the account could be handed over to a company of debt collectors who add on their own collection fees.

The other reason you don’t’ want to miss a payment is that it will very likely result in your credit profile being listed on the National Credit Profile portraying you as a bad payer.

Other creditors might assess these credit profiles when making lending decisions which could lead to no further streams of credit being available to you. Furthermore, your credit rating is impacted in a negative way and you may only qualify for loans for bad credit.

Mpowa Finance – Payday loan

  • Loan Type Payday loans
  • Interest Rate from 36%
  • Loan Amount up to R2,000
  • Repayment 5 days to 40 days

Benefits of Mpowa Finance

  • Payday loans up to R2,000
  • Loan repayment term up to 40 days
  • Interest rates from 36%

Payday loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

MPOWA Finance - Convenient payday loans

Don’t believe us? Just refer to the excellent online reviews that our clients have been so kind to have loaded on your website.

There are a number of reasons why clients trust us with their payday loan needs, and we’d like to let you in on some of those while you sip away at your coffee contemplating your loan service provider.

Benefits of already being a client

For clients that are already approved by us, merely login and track the status of your online loan application, it’s as simple as that! Your approved funds will be transferred to your account on the very same day that you apply within working hours no later than 5 pm. It isn’t a long and tedious process at all, as you can tell.

Fast loan turnaround times

We have a motto we like to throw around at every opportunity, and that is “same day money in your account”. Provided of course that you have furnished us with your documents and were able to confirm your employment on that day.

When it comes to collecting the repayment from you, we set up a debit order on your account which will debit the repayment amount on the same date each month. So, there’s no need for you to remember to pay us, however, you do need to ensure that you have funds in your account.

When it comes to increasing a loan amount, please bear in mind that you can do this, however, only once you have successfully repaid at least 3 loans.

Keep us updated

Should details of your bank account or place of employment change, we urge you to inform us as soon as possible before your next payday. If you fail to do so, it could impact your credit record in an unfavourable way.

For any blacklisted individuals out there, we do not discriminate, we are here for you too! As long as you are not undergoing a formal debt review. We will assist any client within the borders of the Republic of South Africa provided they meet the criteria.

The documents needed to process your application

If you choose to use our services through our website, please be prepared for requests for certain information relevant to your loan, including, without limitation, your ID number, your banking details, a physical address, and your current employment.

Any questions about our services can be completed on our online form, and we will contact you as soon as we can. For urgent information, please call us directly.

Our renewal policy

We do not cater to automate renewals of quick loans. Each new loan is required to be applied for separately and we go through the same screening process as with the first, this is largely due to the chance that your financial situation could have changed.

Customer Reviews & Testimonials

February 2019

A customer consultant got back to me almost immediately after I filled out an enquiry form. I got all the help I needed with regards to applying for a payday loan and the impression I got was tha...

Brenda T
— Polokwane —

March 2019

Thanks for helping me with a payday loan when I was a little short on cash, really appreciate the fast and very efficient service.

Nhlanhla M
— Johannesburg —

Mpowa Finance Contact

Contact Number


  • not available


Physical Address

Postal Address

  • Postnet Suite 462, Private Bag X9, Benmore, Johannesburg, 2010, South Africa

Opening Hours

  • not available