Magma Loans – online loan South Africa
Online loans up to R3.000
Amount
R200 – R3K
Interest from
1.10%
Term
7 – 60 days
Approval
24 hours
⚠️
Magma Loans no longer appears to be operating in South Africa. The website does not respond and we recommend comparing alternative NCR-registered lenders below.
Screenshot of https://www.magmaloans.co.za/
How to apply for Magma Loans loan
- Choose the amount and term
- Apply for the loan
- Fulfill the form
Quick overview
- Amount, R200 - R3.000
- Term, 7 - 60 days
- Age: 18 + years
Loan example
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| R200 | R108.93 | R308.93 | 7 days |
| R500 | R188.90 | R688.90 | 30 days |
| R3.000 | R901.56 | R3.901.56 | 60 days |
Loan example
If you will get the loan of R200 with the term of 7 days, your totally payment would be R308.93. The fee is R108.93.
Loan requirements
- ✓ Full time employment
- ✓ Earn at least R3 500 pm
- ✓ SA ID Number
- ✓ Bank account details
- ✓ Proof of income/payslip
Loan features
- Online loans up to R3.000
- Term 7 - 60 days
Frequently asked questions
24 hours after submitting your application.
The minimum amount at Magma Loans is R200.