EasyPay Loans For SASSA | Apply for SASSA EasyPay Loans

EasyPay loans are simple, easy to get, easy to repay, and are accessible options for SASSA beneficiaries to meet their needs.

EasyPay provides a straightforward financial solution and is a great option for those who need a loan that they can pay back without much hassle. Just to clarify, the loans referred to as “SASSA loans” are not provided by SASSA itself but are available to people who receive SASSA benefits.

This article is a complete guide to help you understand how to apply for an EasyPay loan and get approved quickly. So, let’s dive right into the guide!

The guide gives you all the details on how to apply online for EasyPay loans, check the status, and understand the processing time. But first, let’s take a look at how EasyPay loans work before getting into the application process.EasyPay Loans SASSA.

How Does EasyPay Loans SASSA Work?

To qualify for an EasyPay loan, SASSA grant recipients first need to apply for the EasyPay Everywhere green card. Once you have the card, you can access loans ranging from R410 to R1050.

The card allows you to secure a loan using the SASSA grant you receive. It’s designed to make the process simple, convenient, and accessible for SASSA beneficiaries.

You’ll have 6 months to repay the loan. Keep in mind, though, that there’s a service fee of 31% added to the original loan amount. Additionally, the interest rate on EasyPay loans is 164%, which is higher than what traditional lenders charge.

Now that we understand what EasyPay loans are, let’s get into how to apply online.

Eligibility Criteria To Get EasyPay Loans

To apply for an EasyPay loan, you need to meet the following criteria:

You must be an EasyPay Everywhere account holder for at least three months.
You should be a South African citizen and at least 18 years old.
You need a valid ID.
You must provide a three-month bank statement to apply for a one-month loan.
A SASSA bank confirmation letter is also required.

Before applying, ensure you meet these eligibility requirements.

Step-by-step Procedure To Apply For SASSA EasyPay Loans

Once you’re sure you meet the criteria, you can apply for the loan either by calling the EasyPay number or visiting a SASSA office. You can also apply through Capitec or Finbond banks, or even retail outlets like ShopRite.

Here, we’ll focus on the online application process.

Applying Via Website

Applying for an EasyPay loan online is quick and easy. Here’s how you can do it:

Go to the EasyPay website at epe-online.co.za.
Click on “Register.”
Enter your ID number, your 16-digit EasyPay Everywhere card number, email address, and your EasyPay card PIN.
Enter the One-Time PIN (OTP) you receive on your phone.
Once you enter the OTP, create your username and password, and log in to your new account.
After setting up your account, dial 1203737# to apply for the loan.
Enter your ID number when prompted, then follow the on-screen instructions to submit your application.

Alternatively, you can call 0801 11 18 80 and follow the steps over the phone.

Loan Processing Time

If you’re an existing SASSA account holder, the loan approval process is fast. You could receive approval in as little as three hours. Once approved, the funds will be deposited into your EasyPay Everywhere account almost immediately, so there’s no need to worry about delays.

SASSA Loans Get via Banks

SASSA also giving loans via these banks

Shoprite
Finbond
Capitec

So, you can apply for sassa loans through these banks.

Shoprite Loans

Shoprite offers affordable, unsecured loans with lower interest rates. To apply, you can visit the nearest Shoprite office.

Alternatively, you can apply by saving their contact number +27600123456 to your phone and sending them a message. They’ll ask you a few questions, and once you answer them, you can proceed with the loan application.

Documents Required:

Three months’ bank statement
Valid ID
Proof of residence
Pay slip (salary or wage)

Shoprite Loans Application Guide

Finbond Loans

Finbond Mutual Bank offers both short-term and long-term unsecured loans, with amounts ranging from R500 to R20,000. The interest rates are fixed, meaning they won’t change, and you can repay the loan over a maximum period of two years.

To apply for a Finbond SASSA loan, you need to be at least 21 years old, a South African citizen, and have your own bank account. You can easily apply by visiting their website and filling out the application form.

Documents Required:

Valid ID
Three months’ pay slips
Last three months’ bank statements
Valid proof of address
Contact details (cell number and email)
Monthly expense documentation

Capitec Loans

Capitec offers loans with low-interest rates and manageable monthly installments. You can borrow up to R250,000, and credit insurance is also available.

Capitec makes it easy to manage your loan through their app. To apply, simply visit their official website, select the ‘online’ option under ‘ways to apply,’ and complete the form.

Documents Required:

Latest bank statement showing your salary deposit
Personal information (ID, name, surname, marriage certificate if applicable, divorce order if applicable)
Latest pay slip or proof of salary

FAQs:

Yes, unemployed people who receive SASSA grants can apply for EasyPay loans. EasyPay helps them cover living expenses or work-related costs. However, remember that SASSA itself doesn’t offer loans. Instead, you can get an EasyPay loan using your SASSA grant.

To qualify for an EasyPay loan, you must be a South African citizen over 18 years old and have an EasyPay Everywhere account where you’ve been receiving SASSA grants for at least three months. You’ll also need to provide a three-month bank statement, a grant approval letter, and a SASSA bank confirmation.

No, SASSA does not offer loans. However, you can use your SASSA grants to apply for a loan from third-party lenders like Capitec Bank or Ithemba Bank, or you can apply for an EasyPay loan.