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How to get SASSA loan via Cellphone
By Oluchukwu Ikemefuna
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Getting financial assistance like a SASSA loan from lending companies has become so easy in recent times that one can do so from the palm of their hands—that is, one can get a SASSA loan over the phone.
The South African Social Security Agency, popularly known as SASSA, is a national agency that was created in 2005 to assist South Africans with financial assistance such as social grants.
According to sagrants, SASSA personally does not provide any kind of loan; it only offers grants but then it offers loans through third-party providers.
These include banks such as Capitec, Shoprite, and Finbond, among others. These loans are provided based on certain eligibility criteria, and you can use your phone to apply for some of these loans.
In this article, we will walk you through the process of applying for a loan with ease, how to access the third-party loan providers sassa partners with and the necessary documentations required for the loan.
Let’s dive in!
SASSA Loan from Shoprite Bank
Application for loan from Shoprite is user friendly. To initiate this process, you have to visit the nearest Shoprite office, indicate that you want to apply for a loan then provide the necessary documents.
One juicy part of the Shoprite sassa loan application process is that you can apply for the loan through your cellphone.
All you have to do is send them a message over the phone via this number: +27600123456 and answer the necessary questions. You also have to provide the necessary documents required for this loan.
Document Required
- Your means of Identification
- Your proof of residence.
- Your payslip (wage or salary)
- Your bank statement from the last three months.
SASSA Loan from Capitec
Just like Shoprite, Capitec has also made the SASSA loan application a straight-forward process for individuals applying for one. Capitec offers loans of up toR250,0000 with very low interest rate.
They also offer monthly payments in installments and affordable credit insurance for their clients.
Another way Capitec Bank has made the loan application easy for their clients is through the Capitec app, where you can manage your loan and credit profile with a user-friendly interface.
To apply for the Capitec SASSA loan, you can simply go to their official website, and follow the necessary loan application prompts with the following required documents nearby:
Document Required
-Your means of identification that indicates that you are 18 years old and older.
-Recent copies of your bank statement.
– Proof of payment.
SASSA Loan from Finbond Bank
Finbond Mutual Bank offers a personalised loan plan depending on what you want and your eligibility, as you must be a South African citizen who is over 21 years old and has a bank account to qualify for the loan.
They offer a short term and long term loan plan with loans that range from R500 to R20,000.
Finbond Bank is a little bit tight-fisted with its interest rate, as the interest rate for a Sassa loan is fixed and you have to repay the loan within a two year period at most.
To apply for the Capitec sassa loan, you can simply go to their official website, and follow the necessary loan application prompts with the following required documents nearby:
Document Required
– Your means of identification that indicates that you are 18 years old or older.
-Recent copies of your bank statement for the last three months.
– Proof of payment (payment slip).
-Your contact details.
-Document depicting your monthly expenditure.
Conclusion
In conclusion, accessing Sassa loans over the phone opens up a numerous possibilities for entrepreneurs and business owners.
By partnering with trusted third-party providers, SASSA helps facilitate access to much-needed funding for projects and ventures.
With the convenience of applying for sassa loans via cellphone requirement, the process becomes more accessible and streamlined.
So, whether you’re starting a new business or expanding an existing one, don’t let financial barriers hold you back.
Take advantage of SASSA loans and take the next step towards realizing your dreams.
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