Easy Pay Sassa Loans – A Detailed Guide

easypay sassa loans and how to get them

Are you looking for a loan in South Africa? One of the ways you can get financial relief is through Easy Pay Sassa Loans. Let’s take a closer look at how these loans work and how you can get one.

What are Easy Pay Sassa Loans?

Easy Pay Sassa Loans (EPSL) are a facility that enables you to borrow against your social government grant. If you or someone you know is a Sassa grant government beneficiary, then you probably know all about grants and how they work.

However, unlike the usual way of obtaining your government relief fund, with EPSL, you will access your money through a green card. As such, this makes the entire process easier and more convenient.

For you to qualify for Easy Pay Sassa Loans, you need to be a grant recipient. If you satisfy this requirement, you will have to apply for an EasyPay Everywhere green card and wait for your application to be approved.

easy pay sassa loans process

How Easy Pay Loans Work for Grant Recipients

To access your Easy Pay Loans SASSA, you will need to visit a Net 1 CPS pay point. These facilities allow you to collect your grant money using the green card for your EP account.

Did you know that legislation was passed to restrict companies from deducting money directly from grant payments? So does this mean you can’t use the green card anymore? Fortunately, no.

How to Start the Process

If you want to benefit from the EPSL service, you need to open an account with EasyPay Everywhere. This is a Grindrod Bank that enables you to collect your money without any deductions.

The bank is popularly known as Grindrod Bank SASSA Loans.

Transferring Funds to Your Account

Once you open your account, you can then redirect your money straight to the bank account. This means that instead of using your SASSA bank account, the money will be in your EasyPay Everywhere account. From there, you can then borrow against your Sassa funds.

This is one of the easiest ways to borrow against your social grant. 

Is it a Good Idea to Get EasyPay Cash Loans?

Well, the answer is both yes and no. Getting a loan should always be the last resort. This is especially true when dealing with social grants.

While the Everywhere green cards come with several benefits, the main one being convenience, you should only use this facility for emergencies. It can be tempting to borrow money against your grant and use it recklessly.

You will often find that the queue for Easy Pay Sassa Loans is as long as the one for people collecting their grants. This is because people end up living beyond their means. As a result, you end up chasing the next loan, since your current grant will be paying for the previous one.

Easy Pay Sassa Loans Contact Number

Are you convinced you need to borrow against your social services grant? If so, then the next step is getting EasyPay Contact Details. That way, you can kick-start your process.

Here’s how to reach Moneyline:

Moneyline Phone Number: +27 11 343 2000

Moneyline Office Address: Third Floor President Place, Cnr. Jan Smuts Ave & Bolton Rd, Rosebank

Are There Other Types of Loans and Services Associated With EasyPay?

There are several other products you can access apart from Net1 SASSA loans. Here are some you may be interested in:

  • Insurance packages
  • Airtime vouchers
  • Microloans
  • EasyPay cards

You should always keep in mind that when you are using third-party services, they will get access to your Sassa bank account. This means they will be able to see your transaction history and other related details.

Are you interested in Applying for EasyPay Sassa Loans?

If you have gone through our advice and you still want to apply for a loan using your social grant, here’s how you can go about it.

First, you need to make sure you are a beneficiary of the grant. If not, you can kickstart your Sassa Loan Via Cellphone application. If the application gets denied, don’t give up. You will be able to process a SASSA Appeal for 350.

Net1 SASSA Loans and Interest Charges

The interest rates and charges for Easy Pay Sassa Loans are as follows:

  • Loan amounts for short-term personal loans start from R410, all the way up to R1,050
  • You will be given a repayment period of three to six months
  • Each loan application attracts a service fee of R330 or 31% of the original amount
  • There’s an annual interest rate of 164%

If you have taken out a loan before, then you can see how high the charges and interest rates are. It’s possible that such charges are higher than what loan sharks offer.

Please keep in mind that the information provided in this article is by no means an official guide. Additionally, the figures provided can change anytime. Also, please note that EasyPay Sassa loans come at a cost.

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