SASSA EasyPay Loans

EasyPay loans are a simple, hassle-free way for SASSA beneficiaries to meet their financial needs. These loans are easy to apply for, repay, and offer a convenient solution for those who qualify.

Important Note: SASSA does not directly provide loans. The loans referred to as “SASSA loans” are offered to SASSA beneficiaries but are not issued by SASSA itself.

How EasyPay Loans Work

To qualify for an EasyPay loan, SASSA beneficiaries need to apply for an EasyPay Everywhere green card. This card enables access to loans ranging from R410 to R1050.

  • The loan repayment period is 6 months.
  • A 31% service fee is charged on the loan amount.
  • There is an interest rate of 164%, which is higher than traditional lenders.

The EasyPay Everywhere green card simplifies the process for SASSA beneficiaries, making it quick and accessible.

Eligibility Criteria

To apply for an EasyPay loan, you must meet these requirements:

  1. Hold an EasyPay Everywhere account for at least 3 months.
  2. Be a South African citizen aged 18 years or older.
  3. Have a valid ID card.
  4. Provide a 3-month bank statement for a 1-month loan.
  5. Submit a SASSA bank confirmation letter.

How to Apply for EasyPay Loans Online

You can apply online, through the website, or via phone. Here’s the step-by-step process for each method:

1. Applying via Website

  1. Visit epe-online.co.za.
  2. Click on “Register” and enter:
    • Your ID number.
    • Your 16-digit EasyPay Everywhere card number.
    • Your email address.
    • Your EasyPay Everywhere card PIN.
  3. Enter the OTP (One Time Pin) sent to your mobile number.
  4. Create a username and password to log in.
  5. Once logged in, dial *120*3737# to proceed.
  6. Follow the prompts to provide your ID number, ATM PIN, and monthly expenses.

Approval or rejection will be communicated instantly.

2. Applying via Phone

  • Dial 0801 11 18 80 and follow the instructions.
  • Provide all the required details carefully to complete the application process.

Loan Processing Time

For existing SASSA account holders, approval is quick and often happens within 3 hours or less. Once approved, the loan amount is deposited into your EasyPay Everywhere green card account immediately.

This efficient process ensures you get the financial assistance you need without delays.

FAQs

What is an EasyPay loan for SASSA beneficiaries?

EasyPay loans offer financial assistance to SASSA beneficiaries with amounts from R410 to R1050. You need an EasyPay Everywhere card to access the loan.

What are the eligibility requirements for an EasyPay loan?

You must be 18 or older, a South African citizen, have an EasyPay account for 3 months, and provide a valid ID, bank statement, and SASSA confirmation letter.

How long does it take to get approved for an EasyPay loan?

Loan approval typically takes 3 hours or less, with funds deposited directly into your EasyPay card account.