Loanspot.io South Africa

How to apply for SASSA loan via cellphone 

by

To help South Africans in need of cash, the South African Social Security Agency (SASSA) provides a Sassa grant to support the people while they search for a source of income.

But what’s the SASSA unemployment grant? How do you apply? And how much can you get? Here’s all you need to know about the SASSA loan via cellphone and how it works.

About SASSA loans

The South African government established SASSA as a national institution to handle the application, approval, and payment of loans, social grants, and child grants to eligible residents in South Africa.

SASSA loans are intended to benefit South African Social Security Agency (SASSA) qualifying individuals. For those who are temporarily struggling financially, these loans provide short-term financial support.

Additionally, within the constitutional legal framework, SASSA Loans and grants are available to support financially vulnerable South Africans. Get to learn more about the SASSA unemployment loan here.

9 Types Of SASSA Loans & Grants

  1. Social Relief of Distress
  2. Grants-in-aid
  3. SASSA Loans For Child Grant
  4. Foster Care Grant
  5. Care Dependency Grant
  6. War Veteran’s Grant
  7. Disability Grant
  8. Grants for Older Persons
  9. Shoprite SASSA Loan

Eligibility for SASSA loans

There are some general eligibility criteria you must meet to obtain the SASSA social grants. They include:

  1. You must be a citizen or resident of South Africa.
  2. Prove that you are at least 18 years old.
  3. possess a current Identity Number.
  4. You must have a reliable source of income.
  5. You must have a bank account in your name is required.
  6. It is advantageous if you receive SASSA benefits such as Old Age Pension or Disability benefits.
  7. To determine if you are eligible for the SRD grant, monitor the progress of your SASSA application.
  8. You should be aware of your past debts because SASSA will check them.
  9. Your debt-to-income ratio will also be taken into account, so be sure it is within their permitted range.
  10. Your existing source of income will determine the loan amount you receive.
  11. Verify your history of timely payments.

How To Apply For Moneyline SASSA Loan Via Cellphone

Moneyline offers SASSA loans that can be easily applied for via cellphone but you need to do so by dialing their designated USSD code. To get this loan you need to:

  • Dial *130*3737*1#.
  • Enter your ID number.
  • You’ll receive prompts to push one to respond. Your bank statement and credit check will be accessible to them.
  • You need to give them the PIN you received from the ATM for security reasons.
  • Put in the whole amount of your monthly expenditure.
  • Ultimately, you will have the option to select the specific loan or grant that you are seeking. Additionally, you will instantly know if your application was accepted or rejected.

Note that if the above USSD code is not connecting you may want to utilise the following code *120*3210# or *120*69277# and follow the prompts to get the SASSA loan from your cell phone. 

How To Apply For EasyPay SASSA Loan Via Cellphone

EasyPay also provides SASSA loans that can be accessed through your cellphone. The application process typically involves:

  • SMS Application: Send an SMS to the designated number provided by EasyPay, following the instructions provided.
  • Mobile Website: Visit EasyPay’s mobile website and follow the steps to apply for a SASSA loan.

SASSA Loan Amount

Before you obtain any loan, you must first know whether the amount of money you seek will be sufficient to meet your needs. The minimum loan amount you can obtain from SASSA is R250 and the maximum loan amount is R1000.

How To Repay SASSA Loan

After obtaining the SASSA loan, you have up to 6 months to repay it. Note that as an applicant, you can also access this loan offer as a child grant.

Repaying a SASSA loan is typically easy and can be done through various ways, including:

  • Deductions: Loan repayments may be automatically deducted from your SASSA grant payments.
  • Bank Transfers: Transfer the repayment amount directly to the lender’s bank account using the provided details.
  • Cellphone Banking: Utilize cellphone banking services to make loan repayments conveniently.

Concerns About SASSA Loans

While SASSA loans provide valuable assistance, it’s essential to be aware of potential concerns:

  1. Scams

Beware of fraudulent schemes claiming to offer SASSA loans. Only deal with reputable lenders or financial institutions.

  1. Application Rejection

Common reasons for SASSA loan application rejection include incomplete documentation, insufficient eligibility criteria, or existing debts.

  1. Alternative Options

If unable to access SASSA loans, consider alternative options such as community support programs, government grants, or nonprofit organisations such as credit unions offering financial assistance.

By understanding the application process, loan terms, and potential concerns associated with SASSA loans, individuals can make informed decisions to address their financial needs effectively. Always prioritize reputable lenders and seek assistance from trusted sources to avoid falling victim to scams or predatory lending practices.

SASSA Contact Details

If you can’t get to your closest SASSA office you can contact them as follows; For SASSA loans & grants you should contact Grants Enquiries at the following number/s or email:

  • SASSA Toll free: 0800 60 10 11 or CPS 0800 60 01 60
  • or Phone Moneyline Financial Services (Pty) Ltd at 0801 11 18 80 or +27 11 343 2086 to find out the location of their nearest office to you
  • Email: GrantEnquiries@sassa.gov.za
  • Or visit the SASSA website

Conclusion

Getting the SASSA loans via cellphone ensures that South African citizens who need cash flow do not lack it. These loans offer convenience and accessibility, allowing beneficiaries to address immediate financial needs promptly. However, it’s crucial to approach the application process with caution and awareness of potential scams and pitfalls.

By understanding the application methods, loan amounts, repayment options, and potential concerns associated with SASSA loans, individuals can make informed decisions to navigate their financial challenges effectively. Additionally, considering alternative options and seeking assistance from reputable lenders or support programs can provide additional avenues for financial relief.

Ultimately, SASSA loans serve as a valuable resource for those in need, offering short-term assistance during times of difficulty. With responsible borrowing practices and vigilance against fraudulent activities, beneficiaries can leverage these loans to manage their finances responsibly and work towards financial stability.