Mpowa Finance Review
- Amount: R500 - R1.000
- Term: 1 - 31 days
- Age: 18 + years:
Mpowa Finance table of repayments
A representative example
Loan Amount R1000 taken out on 1st of the month repayable on 31st of the month. Initiation Fee: R171 incl VAT. Service Fee: R68.40 incl VAT. Interest: R50 (1st loan) subsequent loan R30. Interest rate: 5%pm 60%pa 1st loan in a calendar year. 3%pm 36%pa for subsequent loan taken out in that same calendar year. Credit Cost Multiple incl VAT 1.29 1st loan & 1.27 for a subsequent loan in same calendar year. Outstanding Loan Amount: R1289.40 1st loan R1269.40 subsequent loan.
Mpowa Finance experience and discussion
Mpowa Finance experiences
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Is Mpowa Finance a scam?
No. The product is absolutely fine and no need to worry about anything hidden. The company MPOWA Finance (Pty) Ltd. really provides these loans.