Makanda Finance – online loan South Africa
Online loans up to R500
Amount
R100 – R500
Interest from
16.50%
Term
1 – 45 days
Approval
24 hours
Applying does not commit you to a loan agreement.
Screenshot of https://www.makandafinance.co.za/
How to apply for Makanda Finance loan
- Select Your Loan Amount
- Complete a quick form
- Quick credit check
- Money in the bank
Quick overview
- Amount, R100 - R500
- Term, 1 - 45 days
Loan example
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| R100 | R45.96 | R145.96 | 12 days |
| R250 | R84.84 | R334.84 | 12 days |
| R500 | R288.46 | R788.46 | 45 days |
Loan example
Your loan will consist of R500.00 capital, R37.50 interest (5.00% per month), R143.23 service fee excluding vat, R75.00 (initiation fee 16.5% on first R1000, + 10% on any value above R1000,00, to a max of R1100,00), VAT of R32.73 and insurance of R0.00.
Video review
Loan requirements
- ✓ You need to be over 18 years of age and less than 65 years old
- ✓ Residing and employed in South Africa
- ✓ With an active RSA bank account, plus your own email address and cell phone
- ✓ Your credit rating will determine if there are any additional requirements
- ✓ We do a quick assessment of your financial ability to repay a loan
- ✓ So the results should give us an assurance of your ability to settle your debt when the time comes
Loan features
- Online loans up to R500
- Term 1 - 45 days
Frequently asked questions
24 hours after submitting your application.
The minimum amount at Makanda Finance is R100.