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EasyPay Loans
Flexible loans from R1,000 up to R4,000, zero interest options for up to 6 months, fast application, and easy repayments. Perfect for immediate needs.
EasyPay Loans offer personal loans tailored to South Africans needing fast cash with reasonable terms. The loans range from R1,000 to R4,000. Depending on the loan amount, you can choose terms of 3, 6, or 9 months. The standout feature is the zero interest rate on the 3- and 6-month options. For the 9-month loan, a competitive 12% per annum interest is charged. Borrowers are required to have an EasyPay Everywhere account and undergo biometric verification in-branch for additional security.
How to Apply for an EasyPay Loan
- Ensure you are a South African citizen over 18 with a 3-month active EasyPay Everywhere account.
- Gather your SASSA confirmation letter (for immediate loans) or ensure you have three grant deposits.
- Visit an EasyPay Everywhere branch for biometric verification and in-person application.
- Alternatively, start the process by dialling the dedicated application USSD code or calling the EasyPay call centre.
- Once approved, the loan is paid directly into your EasyPay Everywhere account, ready for withdrawal at any ATM.
Pros of EasyPay Loans
EasyPay Loans stand out thanks to their no-interest structure on smaller, shorter-term loans. This greatly reduces the cost for borrowers needing quick access to affordable credit.
Another significant advantage is the ease and speed of the application process. It is possible to complete the process and have approved funds disbursed on the same day, making it suitable for emergencies.
Cons of EasyPay Loans
The first limitation is that you must be an existing EasyPay Everywhere account holder for at least three months before applying, making the loans unavailable to new EasyPay customers immediately.
A further consideration is the strict in-branch biometric verification, which, while increasing security, can be inconvenient for those who prefer online-only applications or who live far from branches.
Our Verdict
EasyPay Loans are a robust option for those looking for short-term finance in South Africa, especially with their zero interest offerings and low barriers for repeat borrowers.
If you already use an EasyPay Everywhere account and want fuss-free funds to cover unexpected expenses or emergencies, this could be the ideal solution, provided you don’t mind visiting a branch for verification.