Loans for Sassa Beneficiaries | Instant on WhatsApp or Cellphone

South African Social Security Agency is a helping body that funds people so they can manage their monthly expenses. It aims to provide financial assistance to all the people who are unable to afford daily-use commodities. South African Social Security Agency (SASSA) has launched different types of financial aid programs for deserving people.

People living below the poverty line can get SASSA grants. Some claim that SASSA offers loans; however, SASSA does not directly give loans to the applicants so any piece of news and information related to SASSA loans is fake. However, there are other ways a SASSA applicant can get a loan.

SASSA Loans

Before we dig into the details you should note that there is no SASSA loan for the recipients according to the SASSA guidelines. All the loans given by companies, such as Sophrite and Easy Pay are given by the partnered companies, not by SASSA. So you cannot find an SASSA loan program but there are ways to secure a loan being a recipient.

When it comes to loans for the SASSA applicant, most companies avoid giving loans to the recipients because their chances are very low. Additionally, the survey suggests that SASSA applicants are living below the poverty line, and their ability to return loans is lower than non-recipients because they live on small, and fixed amounts.

But it does not mean SASSA applicants cannot get a loan, there are other opportunities you can avail to get a loan. For example, you can enroll in the loan program launched by Shoprite, a SASSA-partnered company. Let’s explore the dimensions of the loan programs for SASSA applicants and understand how SASSA-partnered companies work.

SASSA Loans For Child Grant Beneficiaries

The South African Social Security Agency provides assistance to people living below the poverty line and financially disadvantaged. SASSA provides grants to the applicants and there is no loan program launched by SASSA. However, applicants can get loans from the partnered companies.

Beneficiaries of Child Grant frequently ask whether they can get an SASSA loan. If they are eligible for the grant, they can get a loan from partnered companies; otherwise, there is no way. However, you can also avail of other options by getting a loan from private companies.

SASSA Loans Via Bank

1. Shoprite
2. Finbond
3. Capitec

The above three are the partnered companies that can give you a loan if you are a beneficiary of a Child Grant, a pensioner, a war veteran, an old person, a retiree or an unemployed individual. In case you need an instant loan, you can apply to any of these companies as an applicant of SASSA.

SASSA Loan Via Cellphone

Loan procedures are time-consuming and require at least 2 to 3 days for paperwork, investigation, record check and approval. But a person who requires an instant loan cannot wait for a long time, nor can he visit the bank due to an emergency. In such cases, you can apply for an instant loan via cellphone.

The partnered companies with SASSA provide instant loans via a call to the SASSA applicants. Its application process is straightforward and one can simply get the loan within 24 hours. Additionally, you do not need to spend hours on paperwork or visit the bank.

However, there are some requirements that a loan applicant must have a SASSA account and must be a recipient. Moreover, he should fall under the category of deserving people and can return the loan within the given timeframe. Lastly, the applicant needs to use a SASSA registered phone number in order to get a loan.

Simple Steps To Apply For SASSA Loan Via Cellphone

Its process is simple but if you are unfamiliar with the use of technology or have never applied for a loan before, you can follow my footsteps. If you cannot get a loan, you should retry these steps appropriately and you will get a deserving amount within 24 hours. Here we go.

SASSA Loan Code: 1203210#

• Step 1: Dial the number and you will see multiple options in which you need to select 5.
• Step 2: Provide your SASSA Card number and then follow the prompts.
• Step 3: Choose the amount you want to apply for and then follow further prompts.
• Step 4: Once the application is approved, you will get the loan.

Eligibility Criteria For SASSA Loans Via Cellphone

• An applicant must be a citizen of South Africa.
• An applicant must be the president of South Africa.
• An applicant should be a SASSA grant beneficiary.
• An applicant must have an active SASSA account.
• An applicant must have an active SASSA registered phone number.
• An applicant must have a SASSA Gold Card number.

Important Instructions

The majority of the people wonder if they can get a high amount loan from the SASSA loan program. However, an applicant cannot get a loan more than a certain limit set by SASSA. Actually, when you apply for a loan, the partnered companies evaluate your ability to return the loan, therefore they check the grant amount you are taking from the SASSA.

Hence, a grant recipient can get the loan based on the social grant amount he receives from SASSA. In case, you apply for a high amount loan, your application will be rejected. Additionally, if an individual was previously an SASSA recipient but is not enrolled in the grant cannot claim an SASSA loan.

Shoprite Loans

There are multiple partner companies of the SASSA, but the major one and the most reliable in terms of loan is Shoprite loans. Shoprite loans are small and short-term loans designed for SASSA applicants. ShopRite is famous because of its convenient and affordable loan programs.

A person can secure from R500 to R3000 in loans in the Shoprite loan program. Here, you may find it bothersome because you are unable to repay the amount in a short period. But Shoprite has a policy that if you take higher loan,s you can return them in longer periods; Shoprite’s repayment policy states that one has to return the loan within 3 to 12 months.

Another major concern people have regarding Shoprite is that if it prolongs the repayment period, it can increase the interest rates. However, the interest rates are not designed to bother the loan applicants and Shoprite does not increase interest rates over time. According to ShopRite guidelines, the interest rate is only 4%.

Eligibility Guidelines

People rush to apply for a loan without considering the importance of eligibility criteria. However, the criteria determine whether we should apply for a specific loan plan or find another one. So, see the Shoprite loan eligibility criteria before you move forward to apply.

• An applicant must be a citizen of South Africa.
• An applicant must be a resident of South Africa.
• An applicant must be 18 years or older.
• Only the recipients of the SASSA grant are eligible to apply for the SASSA Shoprite loan.
• An applicant’s total debt to income must not exceed 45% after loan approval.
• An applicant must have a good-standing account with no defaults or settlements in the last 6 months.
• The interest on the loan is calculated on the biases of daily reducing balances.
• An applicant must provide these documents
  • ID Document
  • Proof of residency
  • Employment proof
  • Bank statements

Secure Loan At Shoprite Office

There are multiple ways to apply for a Shoprite loan plan but the most reliable among all is visiting the office in person. Mostly, people complain that they applied online and could not understand the online application procedure, so their application has been rejected by Shoprite. However, if you visit the Shoprite office in person you can avoid such scenarios.

Carry all the documents if you fall under the category of deserving people. Go to the loan counter and address your problem, and the receptionist will send you to the office. Provide all the details to the loan officer and complete an application for an Instant Shoprite loan, you will get the loan if the officer approves your application.

Apply Online

In case you cannot visit the Shoprite office in person, you can apply online. The online application method is short and simple; however, you may find it hard if you never applied for a loan online. Therefore, I have broken down the entire process into easy steps.

• Step 1: Go to the Shoprite website.
• Step 2: When the page is visible, find and open the SASSA Loans options.
• Step 3: It will show you the terms and conditions, read and comprehend them and if you agree then move forward.
• Step 4: Click the Apply Now button.
• Step 5: An application form will appear, fill it out carefully.
• Step 6: Upload the relevant documents.
• Step 7: Once the application is complete, carefully examine and then tap the Submit button.
• Step 8: Wait until Shoprite responds and then sign the loan agreement.
• Step 9: Once the loan application has been submitted and you have signed the loan agreement, you will receive the loan within the mentioned time on the website.

Shoprite SASSA Loan WhatsApp Number

In case you are unfamiliar with the use of the SASSA website and require an instant loan, you can use the WhatsApp application to apply for a SASSA Shoprite loan. This loan application method is simpler than visiting Shoprite in person or navigating the Shoprite website. Here are the simple and short steps to use WhatsApp to apply for a Shoprite loan.

• Step 1: Save the Shoprite WhatsApp number on your cell phone and open WhatsApp.
  Shoprite WhatsApp Number: +27600123456 Step 2: Tap the Contacts button on the bottom left side.
• Step 3: The list of contacts will appear, search for the name in the bar.
• Step 4: In case there is no result then tap the three dots button on the right above side and refresh your contacts.
• Step 5: Search again and open the chat.
• Step 6: Type and send Apply and you will receive a message.
• Step 7: Follow the prompts and then provide your personal information.
• Step 8: Shoprite authorities will verify your identity and then approve you an instant loan.

Other Sources to Get Instant Loans On Cellphones

Net1 SASSA Loans Online Application

Like Shoprite, Net1 is a company associated with SASSA that provides micro-loans to grant recipients. One can get the loan instantly within an hour if he applies on the cell phone. The SASSA grants nonrecipients who cannot get loans without other conditions.

Easy Pay

People who receive SASSA grants via Easy Pay also previously known as moneyline can apply and get loans instantly. The applicants have multiple options when it comes to the application methods, you can visit the Easy Pay office or dial the USSD code to get a loan. Easy Pay does not offer loans online; however, you can visit the Easy Pay website to register your account.

Online Registration

• Go to the Easy Pay Website
• Easy Pay Website Link: www.epe-online.co.za
• If you do not have an account, then register by providing a password and username.
• You will receive an OTP on the provided phone number, enter it in the bar and confirm your identity.
• You have successfully registered your account, now go to the call section and dial the Easy Pay USSD code.
• Easy Pay USSD Code: 1203737#
• Provide your EPE PIN.
• Follow the prompts and enter the desired loan amount.
• If you agree with the terms and conditions then move forward and you will receive a message that your loan application has been received.
• If you meet the eligibility criteria, you will receive the loan within a short time.

Miloc SASSA Loans

Miloc is a company that offers loans to SASSA recipients. However, it does not give large-sum loans but one can get micro-loans. Its loan repayment policy is simple and the return time is adequate to save and repay the money; one can pay it back within 30 days.

In addition, the instant loan facility allows you to get a loan within a short time. One does not need to sign hundreds of papers, nor show extraordinary documents, only your social grant program membership and identity are required to get a loan on behalf of SASSA. Here are the simple steps to apply for a Miloc loan.

• Step 1: Go to the official website of Miloc via the link provided below.
  Miloc Official Website Link: https://myloan.co.za/application?pubid=1073903&pubidsub1=bcf_green_top
• Step 2: As the entire page is visible, you will be able to see the application form with empty bars.
• Step 3: Provide the personal details and then upload the required documents.
• Step 4: If you agree with the terms and conditions, then proceed forward.
• Step 5: You will receive an email that your loan application has been approved and the amount will be transferred within a short time.

Important Note

The personal details of a SASSA applicant are pivotal to withdrawing money, lodging an application, cancelling a grant, or applying for the grant, so do not provide your personal details to anonymous loan sources. It is recommended to confirm the source authenticity before you apply for the loan. Loan companies, such as Shoprite, Easy Pay, and Miloc, are partnered with SASSA, while other famous sources, such as Grindrod Bank, Ithemba Loan,s and Quickfin, are not associated with SASSA.

Additionally, the major two sources of loans, including Shoprite and Easy Pay give loans to all kinds of SASSA recipients, including Child Dependent Grant beneficiaries, unemployed individuals, and others. While Miloc does not offer loans to the Child Dependent Grant beneficiaries.

FAQs

The Ultimate Solution

South African Social Security Agency has helped thousands of individuals and aims to assist millions of people living below the poverty line. SASSA provides grants to people who meet the requirements; however, it does not directly offer loans to people. All the sources claiming that SASSA provides loans are fake, and you should avoid providing your personal information to these sources.

However, there are partnered companies and banks offering loans on behalf of SASSA to the grant applicants, They have designed special loan programs for SASSA beneficiaries, including Child Care Dependent grant recipients, the SRD R350 grant recipients, and the war veteran, old person and disability grant receipts.

I have mentioned the major sources of loans where you can effortlessly secure an adequate amount via cell phone, plus I also explained other application procedures of these sources; thank you.