SASSA Loan via Cell Phone Online Application Process 2024
South African Social Security Agency does not offer its beneficiaries a SASSA loan via cell phone. If you’ve heard such a thing, take it with a grain of salt. However, you’re interested in getting a loan. In that case, you can explore options such as Capitec Bank, Shoprite SA, or EasyPay Everywhere, which roll out loan services to SASSA recipients at lower interest rates and flexible repayment facilities.
Remember, SASSA is the official social assistance agency in South Africa, and they are here to support you with social assistance grants. Every South African citizen, asylum seeker, or refugee (a special residence permit is needed) is eligible for SASSA grants. Besides, you must understand that grants are never repayable, but loans are always repayable; this is a distinct difference. Consider this when applying for a SASSA loan via cell phone. You must take advantage of the loan services if you can repay a loan.
SASSA Loan via Cell Phonse (USSD)
Here, I have the USSD code details of 03 major financial institutions that awarded SASSA loan via mobile phones or phones in the blink of an eye.
Understanding Sassa Loans
SASSA (South African Social Security Agency) loans are a commendable part of the agency’s efforts to collaborate with other financiers or banks to hold up for South Africans. SASSA provides social grants to eligible people, including older people, people with disabilities, children in need of foster parents, and SRD r350/r370 SASSA recipients.
It is worth understanding that SASSA has no policy on loans; it collaborates with financial institutions. It is important to be vigilant when applying for a SASSA loan via cell phone. So, here are the main aspects to remember. By following these guidelines, you can make sure a more secure process of applying for a SASSA loan via cell phone.
Observing Collaborator Legislation
If you are observant, look sharply at the collaborator’s legislation regarding offering SASSA loan via cell phone. Every collaborator has its “Terms of Services,” so review it carefully before applying.
Website Information
There is no specific single website for SASSA loans. Each SASSA collaborator has its own site. You can browse for information like payment gateway, requirements, verification process, and policy.
No Application Form Needed
The important thing is that you do not even need to fill out the application form when applying for a SASSA loan via cell phone.
Use a Registered Mobile Number
Always use your registered mobile number; never change it before running the USSD code. Verify the specific terms and conditions set by each SASSA collaborator. They have distinct requirements and procedures.
Banks & Financial Institutions that offer SASSA Loans
Grants are creditable welfare programs by the South African Social Security Agency. Moreover, they collaborate with the banking sector or other financial institutions for loans other than grants. Examples of some “Banks or Financial Institutions” that put forward SASSA loan via cell phone.
Eligibility for SASSA Loans
There is only one essential requirement: you should be the recipient of one of the SASSA grants. It should be deposited into a bank or financial institute where you want to take out a loan. If you don’t have an account with the respective institution, you must provide a consecutive 3-month bank statement from the institution where your grant is deposited. Besides, the following is the standard of some general qualifying criteria.
Requirements for SASSA loans
You will have to complete all requirements by taking the necessary steps for the SASSA loan via cell phone. Before applying, review these steps comprehensively to ensure a successful loan application.
SASSA Loan Amount & Repay Policy
The loan amount and repayment duration may vary depending on the financier’s policy. For example, Easy Pay offers loans ranging from R500 to R2000 with a stipulated repayment period of 6 months, while Shoprite provides loans up to R10000. On average, the loan range is between R250 and R10000, with repayment terms extending up to 84 months. Further enhancements in the loan amount or repayment duration could be possible. For more information, you can browse their websites or contact them via email address.
SASSA Collaborators for SASSA loan via Cell Phone
There are many collaborators who offer SASSA loan via cell phone; let’s look at the following 03 big ones.
Capitec Bank Loans
The Capitec Bank offers loans for SASSA beneficiaries of R500 to R2000 with a stipulated time of 06 months. The clients can access the loan facility via the Capitec app or phone in a flash. The Capitec Retailer Bank is a colossal outfit having 850 branches and 6.2 million clients including SASSA recipients. To access loans, the applicant must have:
Shoprite SA Loans
Shoprite SA is a gigantic grocery retailer in the South African Continent that was incepted in 1983. Today, Shoprite SA functions with 500 branches and 20 million customers. This retailer also operates a bank, which is famed as “Money Market Counter,” through an App.
SASSA beneficiaries who have bank accounts on the “Money Market Counter” and consistently deposit grants in them, can avail of the Shoprite SA loan facility. There are no specific criteria for SASSA loan via cell phone except these at Shoprite:
EasyPay Loans
EasyPay Loans is headed by EasyPay Everywhere, a financial organization in South Africa that claims to provide picture-perfect banking services with low fees and extensively networked ATMs nationwide. SASSA grantees who have a bank account at EasyPay Everywhere and credit money regularly can benefit exponentially from the credit facility.
As far as the loan amount is concerned, EasyPay Everywhere offers R100 to R2000. Additionally, repayment flexibility is up to 06 months. SASSA grantees can run the USSD code *120*3737# or fetch borrower amounts from the EasyPay Everywhere app.
Precaution before Applying
Before applying for SASSA loan via cell phone, you need to familiarize yourself with some critical information that could be beneficial for many users and what they can be.
Simplified Access Other Than South Africa
SASSA loan via cell phone queries have been made in countries other than South Africa, such as Nigeria, Kenya, Jamaica, and even the USA and Europe. So, the question arises: Why are the loan queries made outside South Africa? The answer is that these users are temporary movers to these countries. Somehow, the users of the USA and Europe might not be able to access Capitec Bank, Shoprite SA, etc.; hence, they can use Zelle Bank, which is functioning internationally.
Additionally, for users in these countries, the process is straightforward: they can log in to the related bank app on their phone or tablet, scan the QR code, or run the USSD code from their mobile devices.
Conclusion
Hence, while SASSA itself does not offer loans directly, it collaborates with various financial institutions like Capitec Bank, Shoprite SA, and EasyPay to provide loan facilities to SASSA beneficiaries in South Africa. These loans provide financial assistance to SASSA’s social grantees.
These financial companies serve SASSA grantees who can repay loans under legislative terms such as interest rates, transaction fees, monthly fees (if any), and flexible repayment periods. Applicants should thoroughly review each lender’s terms and conditions before applying for SASSA loan via cell phone.
At present, make sure that you are meeting eligibility criteria and that you understand the repayment responsibility of yours that is associated with the loan’s amount. SASSA is taking advantage of these partnerships to enhance financial inclusion and provide backup for eligible individuals or vulnerable couples nationwide.
Frequently Asked Questions
How do I borrow money from SASSA?
No, you can’t borrow money from SASSA; they don’t offer loans directly. It is the social assistance organization that bailed out South African citizens in their vulnerable situations. Besides, other outfits like Capitec Bank, Shoprite SA, EasyPay, and Finabond offer loans to SASSA recipients.
What is the USSD code for SASSA loan via cell phone?
There is no USSD code from SASSA; in fact, SASSA has no policy regarding loans. Some individuals are spreading fake USSD codes, which actually belong to EasyPay Everywhere, Finbond, Capitec Bank, or other financial institutions. If you’re curious to know the legitimate USSD codes for SASSA loan via cell phone, read the second paragraph of this article.
Who qualifies for an EasyPay loan?
Individuals or couples who have been receiving SASSA grants and depositing them into an EasyPay Everywhere account or another loan provider bank for three consecutive months are eligible for EasyPay loans.
How to check SASSA balance *130* online?
The code *130* does not pertain to the subject “Check SASSA Balance.” It is a fake code gallivanting online. To check your SASSA balance, visit the official SASSA website.
What is the code for the SASSA grant?
There is no specific code for services related to SASSA grants. If you have any questions, you can call SASSA at 0800 601 011.
How to get SASSA money without a bank account?
The Postbank of South Africa has set up Cash Pay Points (CPPs) at Post Offices across the country, where you can pick up your SASSA money in cash.
