Find answers to frequently asked questions about Mafedi Cash Loans. Learn about loan applications, repayments, eligibility, and account management in South Africa.
FAQ
1. Who can apply for a loan?
Anyone over 18 with a valid South African ID or passport, regular income, and a South African bank account can apply.
2. Do I need to submit documents?
- Original ID or Passport
- 3 Months Bank Statement
- Latest Payslip
3. How much can I borrow?
Loan amounts vary based on your income and repayment ability. Most payday loans range from R500 to R3000
4. How fast is the approval?
Approval is instant for qualifying applicants. Once approved, funds are paid out quickly—often the same day.
5. What if I have bad credit?
We understand tough situations. Past debt doesn’t automatically disqualify you. Each application is reviewed individually.
6. Is Mafedi Cash Loans registered?
Yes. We are a registered credit provider with the National Credit Regulator (NCR) and operate under South African lending laws.
7. How do I repay the loan?
Repayment is usually deducted on your next payday via debit order. Full details are provided in your loan agreement.
8. Can I apply on weekends?
You can submit your application anytime. Processing happens during business hours: Monday to Friday, 8am–5pm.
9. Is support available 24/7?
Yes! You can apply online anytime—our system is always open. For questions or help, our team is available during business hours, and urgent queries can be sent via WhatsApp or email 24/7. We’ll get back to you as soon as possible.