MBC Finance

• Personal loans up to R150,000
• Low-interest starting from 38%
• Repayment up to 72 months

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MBC finance - Affordable loans

MBC Finance's short-term loans are offered for when you need a little more cash than a payday loan offers. You'll also be given a longer period of time to pay back the money. 

Use their simple-to-understand online calculator to choose the amount you would like to borrow and how long you need before you can pay it back. Choose your amount and your repayment terms. Their short-term loans are very affordable.

Repayment terms

To repay your instant loan is very simple as there's no need to come into the office to make payments. They've set up a debit order for you so the loan repayment is withdrawn every month without you needing to worry about it. This ensures you don’t miss a payment and will keep a clean credit record.

You'll be charged a once-off initiation fee, a service fee and be given a favourable interest rate. Their fees have added VAT and your repayment terms will depend on your loan agreement. The longer you take to pay back the loan the more interest you'll pay overall.

Failure to make payment

Sometimes life gets complicated and you have no option but to miss a payment on your loan. If your debit order bounces let MBC Finance know that you have a problem and they'll try to assist you however they can.

If you don’t let them know they'll add late fees and other penalties. Your credit record could also be adversely affected if you continue to miss payments.

Quick cash now

The approval process is done completely online, you'll be informed via e-mail if your bad credit loan application has been approved or declined.

If you're approved, they'll send you a contract which you must sign. Once you've signed the contract and returned it via e-mail the money will be paid directly into your bank account.

Credit check to ensure affordability 

To ensure that you'll be able to afford to pay back your loan, they perform a credit check. Their system can easily discern if you'll be a high-risk client or if you have a good credit score.

If you don’t miss any payments and stick to your loan agreement, this will reflect positively on your credit record for the future. 

The entire process can be completed online from start to finish unless you would like to speak to a consultant. All correspondence is done via email for your added convenience.

How to apply

MBC Finance's application process can be completed online. Simply log onto their website, fill out the online loan application form and upload your supporting documents and one of their knowledgeable consultants will give you a call.

If you prefer the old school approach you can visit one of our offices from Monday to Friday 8 am – 4 pm or on Saturdays from 8 am – 11 am.  They'll then give you advice and help you fill in the relevant documentation.

Personal loans as easy as 1, 2, 3

They offer personal loans of up to R 10 000 that you'll have up to 48 months to repay, depending on your loan agreement.

Fill out their online application form to see if you qualify. You'll need to follow to apply:

• You must be a South African citizen and be employed
• Copy of your valid South African ID
• 3 months bank statements
• Proof of residence
• Copy of your latest payslip

Simply upload your supporting documents online. If you've been approved a consultant will send you a pre-approval email.

Return the contract once you've signed it and once they received it, the fast loan will be paid directly into your bank account.