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That’s right — we mean real money. Get loans of up to R5,000 paid directly into your bank account once approved through MFG (PTY). Our fully online short-term lending service gives you access to competitive rates by cutting out the middleman. Getting a loan has never been this quick or this easy!
MFG (PTY) loans are available to South African citizens only. To qualify, you need to have a steady income and a South African bank account where your salary is deposited each month. You also need to be over the age of 21 — we joke about keeping you away from the games arcade, but the age rule is serious. You'll also need a valid email address and cellphone number so we can stay in touch while your loan application is being processed.
To apply for a short-term loan with MFG (PTY), you’ll need the following: A valid South African ID. Your latest payslip. Your last 3 months' bank statements. Your banking details (account where your salary is deposited). A valid email address and cellphone number. In some cases — such as during the appeal process — you may also be asked to provide a brief motivation for your loan request. All applicants will undergo a credit check to ensure responsible lending..
If you’re applying for an MFG (PTY) loan for the first time, the initial borrowing limit is R2,500. As you take out and repay loans responsibly, your MFG trust rating increases — and with that, your borrowing limit can go up, all the way to R8,000! You can choose the loan amount and repayment term based on your next payday. Just use the MFG loan slider to select how much you want to borrow and for how many days. The tool will calculate the interest and total cost upfront, so you’ll always know exactly what to expect. Remember: repayment is due on the date you select, so be realistic when choosing your loan term. Once you’ve completed your first loan, applying again is even faster and easier.
- Absa.
- FNB.
- Standard Bank.
- Nedbank.
- Capitec.
If your bank isn’t listed, don’t worry — contact us on our official email.
All MFG (PTY) loans are issued in full compliance with the National Credit Act. The total amount you’ll repay includes the original loan amount, interest accrued over the loan term, and applicable fees. Our monthly service fee is R60. For loans under R1,000, an initiation fee of 15% applies. For loans over R1,000, a flat initiation fee of R165 plus an additional 10% is charged. The interest rate is 0.17% per day. Everything is calculated upfront, so you’ll always know exactly what your loan will cost before you commit.
Once your application is approved, your MFG (PTY) loan could be paid into your bank account in as little as 60 seconds. However, payments are currently processed according to standard banking hours, so payout times may vary. We're working on making instant payments available 24/7 — so keep an eye out for updates.
If your loan is approved on a weekday between 08:00 and 15:00, you’ll receive your MFG payout the same day. If it's after 15:00, the funds may only clear the next morning — just in time for breakfast.
For applications approved over weekends or on public holidays, your MFG loan will be paid out early on the next working day.
Since MFG (PTY) is a fully online cash loan service, you’ll need an internet connection — any kind will do. You can access our site using your smartphone, tablet, PC, or Mac. If you somehow manage to connect your toaster, we won’t stop you. To complete your application, you’ll need a few key details on hand, including your South African ID number and your banking details. So if you’re applying in a hurry, make sure you’ve got those ready to go.
To apply for a short-term loan with MFG (PTY), you’ll need the following: A valid South African ID. Your latest payslip. Your last 3 months' bank statements. Your banking details (account where your salary is deposited). A valid email address and cellphone number. In some cases — such as during the appeal process — you may also be asked to provide a brief motivation for your loan request. All applicants will undergo a credit check to ensure responsible lending..
Don’t be discouraged if your loan application isn’t approved right away. We’re committed to helping our customers access short-term loan finance when they really need it. If your application is declined, you have the option to contact us directly and appeal the decision. During the appeal process, we will carefully review your case manually, reassess your application, and do our best to help you get your MFG loan. To submit an appeal, please send the following documents along with your reference number to our official email address:
- Your latest payslip.
- Bank statements from the last 3 months.
- Standard Bank.
- A copy of your ID document.
- A brief motivation explaining your situation.
Not just yet — but it’s important to act quickly. If you know you won’t be able to make your repayment on time, please contact us as soon as possible. We understand that life happens, and we’ll do our best to work with you to find a solution that suits both sides. The sooner we talk, the more we can help.
You will only be charged for the extra time you request beyond your original loan terms. Keep in mind that your bank may also apply additional charges if your account goes into overdraft without approval. It’s always best to repay your loan on time. If a debit order linked to your MFG loan fails due to insufficient funds, we’ll do our best to contact you and resolve the issue amicably. However, extending the loan period will result in additional interest charges. We’re not here to make life harder — we aim to work with you and find a fair solution. That said, if repayments are missed for more than 90 days, MFG (PTY) may hand your account over to an external collections agency. Please be aware that bad debt can have long-term consequences and may negatively affect your credit record for years. Always borrow responsibly, and only apply for a loan if you're confident you can repay it. If you're unsure about your ability to meet repayments, it's better not to apply.
Yes, you can — but you’ll need to get in touch with us before your repayment date. If you're already repaying your current MFG (PTY) loan and would like to borrow a little more or settle the loan earlier, contact us and we’ll review your request. We'll make the necessary adjustments and let you know if there are any additional charges involved. We're here to help you manage your loan in a way that works best for your situation.
Responsible lending means that MFG (PTY) will not approve a loan for anyone who, based on reasonable assessment, is unlikely to repay it. As a registered financial service provider with the National Credit Regulator (NCR), we strictly follow all legislative requirements related to short-term credit. We’re committed to transparency and ethical lending practices. Our goal is to offer a clear, customer-friendly experience that helps you make informed financial decisions. We only approve loans that we believe will not negatively impact your financial well-being. To support this, we’ve made our loan process simple and easy to understand. All fees and costs are disclosed upfront, our documentation is accessible and written in plain language, and our loan quotations are valid for five days. Every applicant is subject to a credit check through registered credit bureaus to ensure they are in a position to repay the loan. You’ll also receive feedback from us based on our assessment of your application.
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