EasyPay Loans SASSA
EasyPay loans are simple, easy to get, easy to repay, and accessible choices that SASSA beneficiaries can get to fulfill their requirements.
EasyPay offers a straightforward financial solution and an excellent alternative for those looking to get loans that they can easily pay later.
One thing that you should keep in mind is that SASSA itself does not provide any loans.
The loans that are given in the name of SASSA loans are those that benefit the SASSA beneficiaries and not the ones that SASSA gives. Do not misunderstand.
This article tells you about a comprehensive guide to help you understand the process of applying for the SASSA EasyPay loan and successfully getting the loan within no time. Let’s without wasting any more time, start with the guide below.
The guide elaborates a comprehensive details about EasyPay loans SASSA apply online, its application procedure, how to check, and the processing time. Well, we will first look at how EasyPay loans work and then at the application procedure.
How Does EasyPay Loans SASSA Work?
In order to get the loan and to be eligible for the loan, the SASSA grant beneficiaries have to apply for an EasyPay Everywhere green card firsthand. After getting the card, the individual will get access to loans from R410 to R1050.
This card will help the individual in securing a loan against the SASSA he is receiving. This also makes it more accessible, simple, convenient, and streamlined for the grant holder to get the loan.
You get a repayment time of 6 months. One thing that you should keep in mind is that there is a service fee of 31% that the loan incurs. This service fee of 31% is the original amount.
Moreover, keep in mind there is an interest rate of 164 % on EasyPay loans, which is higher than conventional lenders. Now, as we have looked at what actually is an EasyPay loan, we will look at how to apply for the loan online.
Eligibility Criteria To Get EasyPay Loans
- In order to apply for the EasyPay loan, an applicant should be an EasyPay Everywhere account holder for at least three months.
- He should be a South African citizen and should be of age 18 or above.
- An applicant should have a valid identity card with him.
- The applicant should submit a three-month bank statement in order to get a one-month loan.
- The applicant should have a SASSA bank confirmation letter.
Regardless of the method you use, you have to make sure that you are fulfilling the eligibility criteria. Here is the description of the criteria that should be fulfilled beforehand.
Step-by-step Procedure To Apply For SASSA EasyPay Loans
After fulfilling the eligibility criteria, you have the option of applying for the loan, either by dialing the number or by physically visiting the SASSA office. Applicants can also apply for loans through Capitec or Finbond banks and visit their online platforms.
They can also apply it through retail outlets like ShopRite. But here, we will only discuss the online procedures and not the physical application submission method.
Applying Via Website
With little to no effort, you can apply for SASSA EasyPay loans after registering on their website. In order to register, what you have to do is:
- Visit the EasyPay website by clicking on epe-online.co.za.
- Now you have to click on the register.
- After clicking on the register, you have to enter your identity card number, a 16-digit EasyPay Everywhere card number, your email address, and your EasyPay Everywhere card pin.
- Then, you have to enter the One Time Pin OTP that you have recently received on the mobile number you have provided.
- After entering the correct OTP, now generate your password username and log in to your recently created account.
- Now that you have created your account on EasyPay, it is time to apply for the loan by simply dialing *120*3737#.
- After dialing this number on your phone, the USSD code prompts the applicant to enter the ID number.
- Make sure to enter the correct ID number.
- Then click on the dial button on your phone.
- Now, the applicant gets access to his bank statements and credit checks by entering his ATM PIN and monthly expenses.
- Well, the applicant will get to know about the approval and rejection of the loan application instantly.
- Another option that you have in order to apply for EasyPay SASSA loans is by calling 0801 11 18 80.
After dialing the number, simply follow the step-by-step procedure to apply for the EasyPay SASSA loans. Make sure to follow the procedure attentively so you do not miss any step and can get access to the loans within no time.
Loan Processing Time
For existing SASSA account holders, the application process is swift. Approval can either occur within 3 hours or even in less time.
Moreover, as soon as the approval is confirmed, the funds will be deposited into your green card account quickly. That means you don’t have to worry about the payment of a loan that has been approved.
FAQs
Can an unemployed person get a loan from EasyPay if he is a SASSA grant holder?
Yes, unemployed persons can get loans from EasyPay if they are already getting SASSA grants. EasyPay offers loans to unemployed people to help them earn a good living or to assist them in their work expenses. Moreover, keep in mind the South African Social Security Agency itself does not provide any loans; instead, you have the option of getting an EasyPay loan against SASSA grants to fulfill your needs.
Who qualifies for an EasyPay loan?
In order to be qualified for an EasyPay loan, you have to make sure that you are a South African citizen and your age is above 18 years while applying. You also have to make sure that you have an EasyPay Everywhere account in which you are receiving the grant payments for three months or longer. For one one-month loan, you have to provide a three-month bank statement, a letter of grant approval, and a bank confirmation from SASSA.
Can I borrow money from SASSA?
No, SASSA does not provide loans, nor can you borrow money from SASSA itself. You can use SASSA loans to borrow money from third parties like Ithemba Bank or Capitec Bank. Moreover, you can also get an EasyPay loan against the SASSA grant that you are receiving.
Hopefully, you have gone through this article that tells you about how to secure a loan from EasyPay loan when you are a SASSA grant holder. Keep in mind the South African Social Security Agency SASSA does not provide loans itself. But if any grant holder needs a loan, grant beneficiaries can apply for EasyPay loans if they are unemployed.
No doubt, the application process of getting an EasyPay SASSA loan somehow becomes challenging if you don’t know the exact step-by-step procedure. That is why we have prepared this comprehensive guide to let you know about the step-by-step procedure that can help you get EasyPay loans quickly and conveniently. Pay attention so you do not miss anything important and can get an EasyPay loan quickly.