Rating based on 34 reviews

Power Financial Services

  • Payday loans up to R8,000
  • Low-interest starting from 36%
  • Repayment up to 180 days

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Power Financial Services homepage
Author Power Financial Services. Screenshot of Power Financial Services website.
[Accessed January 23, 2023]

About Power Financial Services

They're a reliable lender that is registered with the Financial Conduct Authority and offers customers the easiest and quickest way to take out a loan when they need it.

Since their processes and services are simple and easy to understand they ensure that you're in the know from start to finish.

They're a long-standing lender

Having been in operation for a number of years, they've become accustomed and in tune with the needs of their customers and are able to effortlessly serve them when others won't or can't. They offer customised solutions because they know not all customers are the same.

Power Financial Services Services

They offer personal loans online that range from as little as R500 to a decent R8 000 - at an interest rate that is fixed and remains below 60% as required by the NCA.

Their loan terms are flexible and stretch all the way to 180 days.

Loans for people with poor credit

While banks and many online lenders cannot help people who have struggled with debt in the past and are struggling with a poor credit history - Power Financial Services can assist both those with bad credit and those who have been blacklisted with their payday loans.

Power Financial Services – Payday loan

  • Loan Type Payday loans
  • Interest Rate 3660% p/a
  • Loan Amount up to R8,000
  • Repayment 60 days to 180 days
  • Decision 24 hours

Benefits of Power Financial Services

  • Convenient online calculator
  • Get cash instantly
  • Affordable payday loans

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.

They are the preferred payday loan lender in SA

Applying for a personal loan online is simpler than you may think.

With Power Financial Services the entire process takes under 24 hours and will have you back on your feet sooner than you had anticipated.

They keep their promises

When it comes to working within serious time constraints most lenders will let you down. From banks to small online lenders - the time it takes to actually receive your loan will be the same but, with Power Financial Services you can get it done on the very same day.

Effortless loan applications online

Their application and processing procedures are preferred by most applicants because they've employed only the latest technology and industry best practices to ensure that you can get your payday loan as soon as possible but they also have multiple branches across the country where you can apply and find out more information.

Payday loans of up to R5 000

Sometimes you may have larger expenses or need a loan for a down payment on something and you require more cash than traditionally offered to you by ordinary payday loans.  Their payday loans allow you to borrow up to R5 000 as long as you are able to afford the loan and can pay back the entire amount within 30 days or by your next salary date.

If you need an even larger amount of cash then you can speak to one of our consultants about applying for an online personal loan that gives you a longer amount of time to repay your loan.

If you are having trouble repaying your loan they can extend the loan term to up to 45 days or refer you to a personal loan which allows you up to 6 months to repay the loan.

A different approach to finance

Their loans are different because they see loans differently. Once your loan has been approved you will receive a Power cash card. This card works in the same way that a bank card does and can be used to make purchases or to make cash withdrawals at most ATMs.

Your unique pin keeps your cash safe

To operate the card you will be given a unique pin. This pin must be used every time that you use your card. If you are running low on cash simply top up your card by applying for an additional loan. You will first need to repay the payday loan that you have before you apply for additional funding.

When you work hard all month but only receive your salary at the very end, what do you do if you require cash before your next pay date? Their online payday loans allow you to apply easily and have the money in your account on the very same day. You don’t need to worry about repaying your loan until your next salary date.

The loan will then be deducted in one easy payment, once your loan has been repaid, you will be eligible to apply for another loan on a revolving basis.

man holding thumbs up

Power Financial Services is a trusted & reliable provider of payday loans

In our review, Power Financial Services 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.

✅ Power Financial Services is a registered credit provider in South Africa: NCRCP2274

Customer Reviews & Testimonials

August 2018

I was very happy with the great service I received and how easy it was to apply. The Power cash card is simple to use and is just like having cash in your pocket. I find it very convenient that i...

Wakaba M
— Soweto —

December 2018

When I needed some quick cash I applied for one of your loans and you helped me quickly. As soon as the money was paid into my account I received a notification. I received a reminder that the lo...

Bolwoni N
— Johannesburg —

April 2019

I was amazed at the excellent customer service that I received when I had a question and phone the helpline. The consultant that I spoke with was very knowable about the entire process and quickl...

Ian W
— Cape Town —

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