FAQ's
How do I apply for a loan?
You can apply by sending us a WhatsApp message. Our team will guide you through the application process and let you know which documents are requiredto proceed.
How long does the approval process take?
Once we receive all required documents, applications are assessed and approvedor declined within 2 hours.
How quickly will I receive the money?
If your loan is approved, funds are paid out via EFT within 24 hours.
How much can I borrow?
We offer short-term loans ranging from R500 to R8,000, depending on your affordability and credit assessment.
Who qualifies for a loan?
To qualify, you must:
- Be 18 years or older
- Be permanently employed
- Earn a minimum monthly income of R6,000
Have an active bank account
Do you offer loans to blacklisted clients or clients under debtreview?
No. Unfortunately, we do not offer loans to individuals who are blacklisted orunder debt review.
What happens if I pay late or miss a payment?
A 15% late payment fee may apply. We encourage clients to contact us as soon as possible if they anticipate any difficulty with repayment.
Is M & J Kasi Loans a registered lender?
Yes. M & J Kasi Loans is a registered private company and an NCR-registered credit provider, operating in compliance with South African lending regulations.
What is the loan term?
All our loans are short-term loans with a fixed repayment period of 1 month.
What interest do you charge?
We charge a fixed interest rate of 25% for the loan term. There are no initiation,service, or hidden fees.
Are there any hidden fees?
No. We believe in transparency. All fees and repayment amounts are clearly explained before you accept the loan.
What documents are required to apply?
To apply, you’ll need to provide:
- Valid South African ID
- Proof of address
- Latest payslip or proof of income
- Recent bank statement
- Employment confirmation letter
Do you conduct credit checks?
Yes. Credit checks are conducted on all applications as part of our responsible lending process.
How do I repay my loan?
Loans are repaid via debit order on your payday, as agreed during the application process.
Is my personal information safe?
Yes. All personal and financial information is treated as confidential and used onlyfor the purpose of assessing and processing your loan, in line with our Privacy Policy.
How can I contact you?
You can contact us via:
- WhatsApp / Phone: 071 194 0741
- Email:info@mnjkasiloans.co.za
- Business hours:
– Mon–Fri: 08:00–17:00
– Sat: 08:00–13:00