We DO NOT offer any LOANS, we just provide guides. Any website that provides SASSA loans is fake. When in doubt, please contact SASSA at 0800 60 10 11.
If you are below the poverty line, you may be eligible for a SASSA grant. However, if you are able to repay a loan, it might be more beneficial for you to obtain a loan since they generally offer higher amounts, and you can receive a lump sum quickly.
The South African Social Security Agency (SASSA) was established in April 2005 to administer and distribute social grants and loans.
The SASSA & Loans website is dedicated to providing guides related to SASSA, loans, and other social security topics, including the SASSA status check tool. Please note that we do not provide loans ourselves; we only offer informative guides.
SASSA loans provide an accessible way to obtain small loans aimed at reducing poverty in South Africa.
SASSA Loans via Banks
SASSA also provides instant loans through
- Shoprite
- Finbond
- Capitec
So, you can apply for any of these loans.
1. Shoprite Loans
Shoprite provides affordable, unsecured loans. This loan has lower interest rates. To apply for this loan, visit the nearest Shoprite Office.
You can also apply for Shoprite SASSA loans by adding their number +27600123456 to your contacts and sending them a message. They will ask you some questions and answer them to proceed with your loan.
Documents Requirement
- Three months’ bank statement
- Valid Identity Document
- Proof of residence
- Pay slip (salary or wage)
2. Finbond Loans
Finbond Mutual Bank offers Finbond SASSA loan. You can choose an unsecured short-term or a long-term loan. The amount of the loan varies from R500 to R20000. This loan has fixed interest rates and does not change. You can repay it in a maximum of two years.
To apply for a Finbond SASSA loan, your age must be over 21 years. You must be a South African Citizen with your own bank account. You can apply for this loan by their website and filling out the application.
Documents Requirement
- Valid Identity Document
- Pay slips for three months
- Bank statements for the last three months
- Valid proof of your address
- Contact details (Cell phone number and email address)
- Monthly expenses documentation
3. Capitec Loans
This loan also has the lowest interest rate with monthly installments. it allows up to R250000 loan. You can also get credit insurance.
To provide easy access to people, Capitec provides an app to manage your credit.
So, to apply for this loan, open their official website and select ‘online’ in ‘ways to apply.’ In the end, fill out the form.
Documents Requirement
- Bank statement of your latest consecutive salary deposit.
- Personal information (ID documents, Name, surname, Marriage Certificate if married, Divorce order)
- Latest pay slip or salary proof.
The following article is a complete guide on Capitec Loans
Loan Application Guide Through SASSA Itself
SASSA provides a very flexible loan system if you need to borrow money. You can get from R250 to a maximum of R1000. You can easily repay it between one to six months. Applicants can also get an SASSA loan in the form of a child grant.
UPDATE: SASSA itself doesn’t provide any loans, you can apply for Shoprite or Capitec loans or apply for a SASSA Grant. Please take financial advice from a financial expert before applying for any loan.
You can easily apply for SASSA loans if you are a pensioner or taking any pensioner grant. There are a few requirements for SASSA loan applicants. You are eligible for an SASSA loan if;
- You are a South African citizen.
- You are at least 18 years old.
- You have a valid Identity Document.
- You are earning a consistent income.
- You have a bank account in your name.
- You receive grants from SASSA, like Old Age Pension or Disability Grants. (Do an SRD status check of your application to see if you are part of the SRD grant or not.)
While considering your application, SASSA will check your previous debts. If your debt-to-income ratio is according to their set limit, you can get the loan. The amount of loan you receive will be determined based on your current source of income.
SASSA Loan Application through USSD
If you have any disability or are old and weak, there is no need to visit the SASSA office for an application physically. You can do it with your mobile phone. If you are wondering how to apply, let me guide you step by step.
- First, dial *130*3737*1# on your phone.
- Next, enter your ID number and click on the calls button.
- Then, you will get prompts to answer press one. they will get access to your credit check and bank statement.
- Then, for security reasons, you must provide them with the PIN you got at the ATM.
- Then, enter the total amount of your monthly expenses.
- Finally, you will get to choose the particular grant or loan you are looking for. You will also know if your application was approved or declined instantly.
If this USSD code is not working or you are having any issues, then you can dial *120*3210# or *120*69277# on your phone and follow the given prompts to get a SASSA loan through your phone.
SASSA Loan Application at SASSA Office
You can apply for SASSA loans at any of their nearest offices. Applying at a SASSA office manually ensures you will get the loan quickly. So, keep the following points in mind while applying for a loan.
- You must fill in your SASSA Application in the presence of any SASSA officer.
- Applying for SASSA is completely free.
- After submitting your application, you will get a receipt; please remember that this receipt is very important. If your application is approved, you will need to show this as evidence of your application.
- If your application is rejected, you will be informed in writing.
You can appeal this decision within 90 days of rejection. You must do a written appeal to the Minister of Social Development stating your reason for appeal.
Secure Short-Term Loans with Confidence: Empowering South African Citizens
SASSA Loans serves as your comprehensive resource for information on financial assistance programs available in South Africa. Our mission is to empower South African citizens by providing access to updated information about short-term loans, SASSA grants, and best practices for managing challenging financial situations.
Many South Africans turn to short-term loans to help with their finances. These loans are an excellent option for individuals seeking immediate financial assistance, as they provide quick access to funds. To support those experiencing financial difficulties, there are several reputable loan lenders in South Africa that you can approach.
African Bank is notable for its customizable loan offerings designed to meet various financial needs. Their personal loans are a popular choice due to flexible terms and competitive interest rates. With a customer-focused approach and a straightforward application process, they ensure you receive the assistance needed to address your financial challenges.
Additionally, our website features detailed tutorials on how to utilize short-term loans for quick financial relief. We collaborate with reliable organizations like Shoprite, Finbond, and Capitec to help you evaluate your options. For example, Shoprite offers lower-interest unsecured loans, while Capitec provides larger loan amounts along with credit insurance. Finbond Mutual Bank specializes in loans with flexible repayment options and fixed interest rates, catering to both short-term and long-term financial needs.
Finding the right financial solution can be challenging, and that’s where SASSA Loans can guide you. We are dedicated to providing accurate information to help you make informed decisions. Our guides cover everything from the loan application process to understanding loan terms, ensuring you are well-prepared to manage your financial needs responsibly.
If you need to check your SASSA status, please visit our site for further assistance.
We strive to offer expert insights and updates on the latest SASSA grants and loan opportunities. Whether you are exploring personal loans from African Bank or other lenders in South Africa, our mission is to help you find the financial options that best suit your needs.
It is important to keep in mind that we don’t offer loans directly. You can apply for loans directly from the official SASSA website.
Is SASSA giving R700 loans?
No, the R700 loan is a scam recently circulating on WhatsApp. So please do not fall for these schemes.
Can pensioners get SASSA loans?
Yes, pensioners can especially get SASSA loans for the betterment of their financial situation.
Can I use someone else’s bank account for SASSA money?
No, you cannot use someone else’s bank account for SASSA money. To minimize fraud and scams, SASSA requires you to use a bank account in your name.
Can SASSA borrow money?
While SASSA provides various grants, you may still borrow money through SASSA loans if you don’t qualify for any grants. To apply for SASSA loans, you need to contact either Capitec Bank or Ithemba Bank, as you cannot borrow money directly from SASSA.
SASSA offers accessible loans with flexible repayment options. These loans have been helpful for many individuals, especially those in urgent need of financial assistance. However, there are numerous scammers pretending to represent SASSA and targeting vulnerable individuals. SASSA advises everyone to be cautious when applying for any loan to avoid falling victim to fraud. one to be cautious when applying for any loan to avoid falling victim to fraud.
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