Mpowa Finance - Loans up to R5.000

Mpowa Finance - Loans up to R5.000
Screenshot of the site: https://mpowafin.co.za/, author of the site: MPOWA Finance (Pty) Ltd., the screenshot is used in behalf of the legal licence.

Mpowa Finance

  • Online loans up to R5.000
  • Term 1 - 31 days

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Mpowa Finance Review

Quick overview

  • Amount: R500 - R1.000
  • Term: 1 - 31 days
  • Age: 18 + years:

Mpowa Finance table of repayments

Amount Fee Total payment Term
R1.000 R269.40 R1.269.40 31 days
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A representative example

Loan Amount R1000 taken out on 1st of the month repayable on 31st of the month. Initiation Fee: R171 incl VAT. Service Fee: R68.40 incl VAT. Interest: R50 (1st loan) subsequent loan R30. Interest rate: 5%pm 60%pa 1st loan in a calendar year. 3%pm 36%pa for subsequent loan taken out in that same calendar year. Credit Cost Multiple incl VAT 1.29 1st loan & 1.27 for a subsequent loan in same calendar year. Outstanding Loan Amount: R1289.40 1st loan R1269.40 subsequent loan.

Mpowa Finance experience and discussion

Mpowa Finance experiences

Tell us your experience with Mpowa Finance at info@coolfinance.co.za and we will publish it anonymously into our discussion.


Is Mpowa Finance a scam?

No. The product is absolutely fine and no need to worry about anything hidden. The company MPOWA Finance (Pty) Ltd. really provides these loans.

Lincoln Ndirangu Lincoln Ndirangu(LinkedIn)
Lincoln Ndirangu is a professional freelance web copywriter based in Nairobi, Kenya. For over 7 years, writing for the web and engaging the online audience has been primary focus and passion.More information...