Magma Loans – loan application

★★★★★ 5.0 / 5 (502 reviews)

Maximum amount R3,000

          Interest from
          1.10%
        

Term 7 – 60 days

Your money in 24 hours

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Notice: This service is no longer available

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.

We recommend choosing one of the active lenders: Compare loans →

Screenshot of https://www.magmaloans.co.za/, operated by: Magma Financial services (Pty) Ltd, used under legitimate licence.

Contact

Company Magma Financial services (Pty) Ltd

Address Magma Loans, 77 Crescendo, Garden Rd, Noordwyk, Midrand, 1687

Website https://www.magmaloans.co.za/

Representative example

Loan amount R1,600

Repayment term 12 months

            Monthly interest
            1.10%
          

Monthly repayment R151

Total interest costs R211

Total amount payable R1,811

* Example is for illustration only. Actual terms are confirmed upon loan approval.

Quick overview

Loan amount R200 – R3K

Term 7 – 60 days

Interest from 1.10%

Approval 24 hours

Age 24 hours

Online application Yes

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