Rating based on 5 reviews

Mpowa Finance

  • Payday loans up to R2,500
  • Low-interest starting from 323%
  • Repayment up to 33 days

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Mpowa Finance homepage
Author Mpowa Finance. Screenshot of Mpowa Finance website.
[Accessed April 6, 2023]

About Mpowa Finance

They're a South African lender that offers customers across the country payday loans - with no hassle, delays, or stress!

When you need a loan quickly or have bad credit - Mpowa Finance is there to help you out with their superior lending services.

Personalised service you deserve

They always ensure that their customers are attended to in an efficient and timorous manner - they pride themselves in their ability to offer a friendly and personalised service. They diligently process each online loan application individually and access affordability based on income as well as credit history.

Mpowa Finance Services

At Mpowa Finance they base the interest rate they offer on the NCA regulations and allow people who have poor credit to apply.

You can get a payday loan from as little as R500 to as much as R2 500 on the same day, depending on your individual needs and income.

Get approved today

Their quick loans are available to all South African citizens over the age of 18 - whether they have good credit or have had a few bumps along the way. When they conduct their affordability checks they consider the expendable income of the applicant and not only their credit history.

Mpowa Finance – Payday loan

  • Loan Type Payday loans
  • Interest Rate from 323%
  • Loan Amount up to R2,500
  • Repayment 4 days to 33 days
  • Decision 1 hour

Benefits of Mpowa Finance

  • Fast online loan applications
  • Payday loans up to R2 500
  • Repayment terms up to 33 days

Payday loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This payday loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

A payday loan is easy to apply for & you can have the cash within just minutes

When it comes to your money - you should be the one in control and, at Mpowa Finance, that’s exactly where you'll be.

Choose your own short-term loan amount and tell them when you get paid and they'll take care of the rest.

At Mpowa Finance they have the following qualifying requirements which applicants must meet before applying with them:

  • Must be 18 or over
  • Must be a South African citizen
  • Must be employed and earning a stable income
  • Must be able to provide supporting documents

These supporting documents include your proof of address, ID, payslips, and bank statements.

What you'll be paying

When you need a payday loan you may inadvertently overlook very important details such as the rate the lender is offering and whether or not the loan will actually meet your needs. With them, they make things clear and simple and they'll do it all online!

When you apply for an online payday loan it is important to remember that you will need to repay the entire loan amount by your next salary date. This means that you will need to repay the amount that you originally borrowed together will any interest that you will be charged.

Their loans require you to pay an initiation fee of 16.5% and a service fee of R60 per month. The loan interest rate is charged at 5% per month.

The benefit of applying for additional loans

Once you have repaid your loan in full, you will be able to apply for an additional loan. If you apply for 3 loans and you have no problems repaying them, you will then qualify to borrow an even larger amount of money in the future. The more times that you apply, the more benefits you will be able to unlock.

Once your loan application has been approved the money will be paid into your account by 5 pm the same day.

As long as you have been employed by your company for at least 3 months and can show you have the ability to repay your loan, then your loan application will be approved.

The advantages of applying for an online payday loan via Mpowa

Their loans were designed to get you the quick cash that you require in the form of a payday loan. The online application process is easy to complete and the money can be paid into your account on the very same day. If you need money to take care of a time-sensitive issue then these loans are ideal as you can receive the cash very quickly.

Other advantages of applying include:

  • No need to visit the branch
  • No paperwork or waiting around
  • Your personal information will remain safe and won’t be shared with 3rd parties
  • The money will be transferred to your allocated bank account
  • The loan will be deducted directly from your account

Online payday loans don’t need to be secured by an item of collateral so there is very little risk in applying for one. As long as you are able to repay your loan and you have a stable job, then your loan application will be approved.

Make sure that you calculate the entire cost of the loan including the interest rate and any other fees.

100% free with no hidden fees

They won’t trap you in a package deal instead, they will find you the loan that you are looking for with no hidden fees and no need to sign up for membership. If you like the quote that they send you all you need to do is accept it if you don’t like what you see and you decide that you don’t want the quote there is absolutely no obligation to proceed.

Consultants standing by to answer your questions

The application process is very simple but if you have any questions their consultants are there to answer any questions that you may have or clarify any terms that you don’t understand. If you don’t want to speak to a consultant then you can use the online chat function to get real-time answers to all your questions.

man holding thumbs up

Mpowa Finance is a trusted & reliable provider of payday loans

In our review, Mpowa Finance adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Mpowa Finance is a registered credit provider in South Africa: NCRCP6666

Customer Reviews & Testimonials

March 2019

I was very happy to receive my money very quickly. I applied from my phone while I was riding on the bus and by the time I had arrived at the shops the money had been paid into my account. It was...

Tulu N
— Grahamstown —

August 2018

I will be sure to recommend your service to all my friends. It was so simple to apply for the loan online and I was very impressed with the low-interest rate that I was charged on the loan.

Chris S
— Bloemfontein —

April 2019

I have applied for one of your loans before and was very impressed, I decided to apply again and was even more impressed the second time around. Keep up the good work and your great customer serv...

Madelaine S
— Germiston —

Mpowa Finance Contact

Contact Number


  • not available


Physical Address

Postal Address

  • Postnet Suite 462, Private Bag X9, Benmore, Johannesburg, 2010, South Africa

Opening Hours

  • not available