Need a personal loan? Why you should be wary of a mashonisa loan

Borrowing money from a mashonisa is often the only choice for consumers who need quick cash. This is not ideal as mashonisa loans are not only unethical, but it’s also not a safe lending environment for consumers.   

What other options do I have to get a personal loan?

There are micro lenders that have your best financial well-being at heart who offer personal loans with flexible loan amounts and repayment periods to suit your unique needs.

At Flow Finance we understand the risks associated with borrowing money from unregistered lenders, which is why we have created a personal loan offering that is trustworthy and reliable. Our personal loan is not only quickly and easily accessible; it comes with regulated interest fees and of course, your best interests at heart.

Why you should choose a Flow Finance personal loan

• Quick online application. Our streamlined online application form allows you to apply for a loan from the comfort of your home. There are no hidden fees or costs, what you see is what you get/pay for.
• It’s safe. Unlike traditional mashonisa loans, Flow Finance operates under strict regulations, meaning that all interest rates, fees and terms are transparent and fair.
• You won’t plunge yourself into more debt. Before we give you a loan at Flow Finance, we do an affordability and credit score check to ensure you are able to take on the debt and pay it back, without putting yourself in a financially difficult situation.

How do I get approved for a personal loan?

• Ensure you have a good credit score. Your credit score plays a big role in whether or not you qualify for a loan. Click here for a free credit check.
• Have all the necessary documents ready including your original South African ID, your most recent payslip and your last 3 months bank statements.

How much money can I borrow?

At the moment, Flow Finance only offers one-month personal loans of up to R3 000, with a one-month repayment period. This means your loan repayment will be due on your next payday.

Ready to apply for a personal loan? Click here to start the application process.