If you’re searching for a straightforward way to borrow cash in South Africa, EasyPay Personal Loans offers flexible loan amounts up to R4000. You can select repayment terms of 3, 6, or 9 months based on your needs. Significantly, the shorter term options (3 and 6 months) come with zero interest, providing access to essential funds at no cost except for related fees.

The application process is designed to be quick and accessible. For the smallest R1000 loan available over three months, you simply need to show a SASSA confirmation letter and three months’ bank statements. For the R2000 and R4000 options, a three-month EasyPay Everywhere account history and biometric verification at a branch are required. The R4000 nine-month option has a 12% annual interest rate attached, but still offers attractive repayment flexibility.

How to Apply for an EasyPay Personal Loan

1. Ensure you’re a South African citizen over 18 with an EasyPay Everywhere account (3 months or longer).
2. Gather the required documents (SASSA letter or account history, bank statements).
3. Visit an EasyPay branch for biometric verification or dial *120*3737# or call the hotline.
4. Complete a quick affordability and credit check in-branch.
5. On approval, receive funds directly into your EasyPay Everywhere account.

EasyPay Personal Loans Pros

The clear highlight is the zero-interest offer on short-term (3 and 6 month) loans, making borrowing very affordable. Approval is fast, and funds are paid out the same day once processed.

Biometric (fingerprint) verification adds a layer of safety. The variety in loan amounts and terms accommodates different needs, from small emergencies to bigger expenses.

EasyPay Personal Loans Cons

The loan is only available to EasyPay Everywhere account holders, so there’s a barrier to entry for new customers. The R4000 loan does have an interest charge at 12% p.a., which is higher than the smaller loans.

Also, all loans require in-branch identity verification, which may be less convenient if you live far from a branch.

Our Verdict

EasyPay Personal Loans offers an easy and affordable solution for borrowers who already use EasyPay Everywhere. The zero-interest feature for shorter terms stands out, while the application process is quick and secure. If you need immediate funds and meet the eligibility criteria, this product is a strong option to consider, especially for smaller loan needs.