Frequently Asked Questions


To apply for a loan you can do any one of the following:

Start the application process on the Home Page of this website.

What documentation do I need to provide? If you just need a tentative answer, you don’t need to submit any documentation with your application. After we process your initial credit data through a financial provider you will receive an SMS stating the outcome of your credit approval. The credit approval is based on the financial service provider’s credit policy and NCA affordability requirements.

Once you have the answer, you need to submit the following documents:

1. Clear copy of your Identification Document
2. An original proof of residential address
3. Last 3 salary slip
4. 3-Month bank statement, stamped by the bank

You will also receive an email that indicates all relevant methods of providing the supported documentation.

For the initial credit approval feedback you will receive a notification within 4 business hours. The duration of the final approval is subject to you providing us with all the correct supported documentation. After receiving all the requested supported documents, it takes approximately 48 business hours. The process is also subject to the total loan amount that you are financing, lower product value items could be completed the same day, subject to the financial provider facilitating the loan.

You could qualify for credit if:

You are 18 years or older

  • You are 18 years or older
  • You have a bank account and can supply 3 month’s bank transactions with 3 month’s salary drops & salary payslips
  • Are you employed (not self employed)
  • You are with your current employer for longer than 3 months
  • Your salary (not just commission) is paid into your bank account
  • You haven't been handed over, sequestered or placed under debt review/administration
  • You are a South African citizen with a green bar-coded ID
  • You work on a permanent contract basis (not ongoing)
  • You get paid wages (weekly) and fortnightly (every second week)

Your payment terms and interest rate payable is subject to your credit profile and the offer from the financial provider to you. We do not determine the term or interest rate that is offered to you by the financial provider. The outcome is also not affected by applying through MFJ.

Charges such as service and initiation fees are levied by finance providers.

The terms and conditions are subject to a credit application and full credit assessment in terms of the National Credit Act (http://www.ncr.org.za/).

What amount can I apply for?

From R2000.00 up to R230 000.00

If my loan application is approved, what will happen next? MFJ will be notified of the approval and the credit granted towards your purchase will instruct the retail store to issue an invoice. MFJ will then pay the individual merchant directly.

How long before I can pick up my purchase?

As soon as the payment process is completed and arrangements between you and the merchant are fulfilled. What happens if I want to return the product? You need to contact the merchant directly to arrange for return or replacement of product. The terms and conditions of the individual products or services at the merchant will apply.

Can I finance any product or service?

We are in agreement with our finance provider partners to offer finance for any unsecured product or service.




Feel Free to get a Loan from us

MFJ Loans