How do I repay my Mzansi Moola loan?

Repaying your Mzansi Moola loan is simple. We will set up a debit order on your bank account for the repayment. You will need to authorize this mandate through your banking app.

What if I don't pay back my Mzansi Moola loan?

Not repaying your Mzansi Moola loan can have serious consequences on your credit standing. Late or missed payments can significantly impact your credit score, making it challenging to secure future credit such as clothing accounts, car finance, or home loans.

If you miss a payment, our collections team will reach out to you to arrange a repayment plan. Please be aware that additional interest and arrears charges will be incurred.

In the event that you are unable to fulfill your obligations, we may have to escalate the matter to an external legal collections agency. This could potentially lead to a legal judgment against you, resulting in additional costs that are beyond our control.