For many grant recipients, borrowing money can be a stressful experience. Many lenders want them to complete lots of paperwork and then wait a long time to get their money. Others charge high interest and want their loans paid back quickly – often in one month – which can leave people and families with no money to pay for their day-to-day living costs. The good news is that EasyPay Loans is changing all that by offering the loans people need, in a way that works best for them.
New loan solutions, the easy way
Over the past year, EasyPay Loans has been talking to its customers and listening to the challenges they face. “We asked our customers to tell us what they need from a loan,” explains Kenosi Rakosa, Head of Credit Lending at EasyPay Everywhere. “Many said they needed loans that offered them enough money to meet their expenses, but that didn’t create more stress for them. Others shared how hard it was to get loans because they lived far from banks or didn’t have the documents needed by other lenders.”
The company took all that feedback seriously and created a range of loans that meet the needs of grant recipients in a safe, responsible way.
A new R4 000 EasyPay Loan to help you do more
One of the exciting additions to the EasyPay Loans offering is a new R4 000 loan. This is a safe and affordable option for grant recipients who need financial support for bigger expenses like home renovations, repairs or appliances, educational costs or family emergencies. With nine months to repay the loan, customers can borrow what they need without putting themselves under financial pressure. The features of the R4 000 loan include:
- Affordable repayments with up to 9 months to pay.
- Lower interest rates – At only 12% per annum, the interest on this loan is lower than what many other lenders may charge.
- Easy application – Customers can easily apply within a few minutes via phone by dialling 0801 11 18 80 , or by visiting an EasyPay Everywhere branch.
The R4 000 loan offer has already been tested with a group of customers and many said it was “life-changing” because it allowed them to pay school fees, handle household repairs or meet other important needs – all while still being able to afford their other monthly expenses.
“This new R4 000 EasyPay Loan is all about giving people the power to handle life’s bigger expenses without creating stress,” Rakosa explains. “It’s a real solution for real needs.”
A loan for every need and budget
While the R4 000 loan is an exciting addition, EasyPay Loans also offers other loan options to suit different needs, including and a three-month loan that is immediately accessible, of up to R1 000, interest free, for smaller expenses. This is a good option to help pay for food or household items, school supplies, and emergency or travel expenses; a short-term loan, also interest-free, up to R2 000 that can be paid back over six months. This loan can be a big help to anyone needing to buy clothes, food or household items, pay schools fees, or cover higher expenses over the holidays.
Best of all, EasyPay Loans also cuts out the paperwork. For those who already have their grants paid into an EasyPay Everywhere bank account, there’s no paperwork, no need for SASSA confirmation letters or bank statements, and no waiting for their loan money to be paid.
With EasyPay Loans, borrowing is no longer about stress and uncertainty; it’s about real money solutions that work for people who need them. “Our EasyPay Loans offering shows what is possible when customers’ voices are heard and their needs are understood,” Rakosa says. “This is not just about useful, safe and affordable loans – it’s about building trust and helping people take advantage of opportunities for a better tomorrow, the Easy Way.”
Applying is easy
All these EasyPay Loans solutions are designed to give customers the flexibility to choose the right solution for their needs and access the loan quickly and easily. To apply, customers can send an SMS with the word “LOAN” to 47027or dial the USSD code *120*3737#; call the EasyPay Everywhere voice branch on 0801 11 18 80 or visit any EasyPay Everywhere branch and speak to a helpful consultant.
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