This payday loan does not immediately affect your credit score
Getting a payday loan with MPowa means that you can get the financial support you need while continuing to build your credit score. Credit score's are only affected when the terms agreed on for repayment are not met. Non-payment of your payday loan will have a negative impact on your Credit Rating and will affect any future credit applications that you make. MPOWA Finance is a registered credit provider NCRCP6666. MPowa Finance reg. no 2011/128825/07.
MPowa is a trusted lender that works towards offering loans suited to your budget. Low amounts available when you need it means that you could be debt free by your next pay day.
Loan amount of R7 000 borrowed over a 1-month period with an interest rate of 5%.
Approx.interest rate | 5% |
Loan Amount | R7 000 |
Monthly Service Fee | R60 |
Total Amount Payable | R7 410 |
(Loan terms are discussed with MPowa loan officers before a loan has been approved. Interest rates are approximated in this example and are influenced by your credit bureau score and loan terms. Interest rates are regulated by the National Credit Act (NCA)).