Makanda Finance Loans are fast little loans that are offered by a reliable micro lending company, offering you as much as R5 000 in cash with flexible repayment terms.
Makanda Finance is one of the many micro credit providers in South Africa that was established in 2010 to cater for many South Africans that need quick and affordable short-term finance such as personal and payday loans.
Low income earners in South Africa often find it difficult to secure personal loans from larger lending institutions that include banks and this has led to the increase in the number of smaller micro lending companies that specialize in providing services to these people.
This is where Makanda Finance comes in and its mission is to provide affordable credit loans with fixed monthly installments. They have serviced more than R6 million in loans since their establishment and are quickly becoming a lender of choice for most people.
For your convenience these loans are easily accessible through a simple online application process which takes less than 5 minutes to complete, and has minimal qualifying requirements.
Why choose Makanda Finance Loans?
Makanda Finance has the advantages of offering loans amounts that range from R500 to R2 000 if you are a first time, while giving existing customers as much as R5 000 which you can repay over a period of 3 months. These loans are short-term loans that can be classified as either payday or short-term personal loans.
When you lodge in your application you can get a timely feedback within 10 minutes notifying you on the status of your loan application. The application process is simplified for you to ensure that you get quick and convenient cash loans from Makanda Finance within a few hours of getting approved. Their loans come with personalised low interest rates which take into consideration your financial status.
To ensure you are not over indebted with the loan you apply for a quick assessment on your affordability will be done. Your credit ratings and affordability will determine the amount you qualify for which means those with poor credits scores might qualify for less than those with higher credit scores.
How do I apply for Makanda Finance Loans?
When you want to apply for personal loans through Makanda Finance the first thing you need to do is to go online and visit their website and on the homepage you will find loan sliders that you will use to determine how much money you want to borrow and when you would like to pay it back, and then submit.
The sliders will calculate for you the loan amount including interest rates and you can use this feedback to choose whether you want to continue with the loan application or not. When you proceed with the application Makanda will ask you to provide all your personal, employment and banking details and they will do a quick verification process and give you feedback with a few minutes.
They will offer you a loan contract which you will need to sign and send back to them after which they will deposit your loan into your bank account within a few hours. With Makanda you enjoy the convenience of not standing in queues, going through interviews with the financial manager or filling out stacks of paperwork.
Makanda Finance Loans FAQs
What are the application requirements for these loans?
To qualify for Makanda Finance Loans you must be a South African resident who is 18 years or older, must be employed (not self employed or retired) earning a regular income and have an active South African bank account where debit orders can be done.
How much can I apply for?
Your credit ratings will determine the loan amount you will be eligible for and if there are any additional requirements needed.
How long does it take to get my money?
Makanda strives to ensure that you get a timely payout that allows you to attend to your pressing financial needs, but usually it is paid out within 24 hours from being approved.
Makanda Finance Loans Contact Details
Additional information can be obtained directly from their website www.makandafinance.co.za, by sending an email to email@example.com, or by calling their customer care tel +27 12 343 9511 and speak to their consultants.