Do you want fast and secure loans in South Africa? Try out the Myloan website today. Get instant personal and short-term loans to achieve your goals. Follow the My loan online application guide to apply for quick loans on My Loan.
Before you apply, check out the requirements you need for your application. Let’s quickly review the Myloan online website.
What is Myloan?
Myloan is a financial service company established in 2018 to provide financial services to the underbanked and under-serviced market in Lesotho. The service aims at providing stable microfinance services to public servants, the private sector, and small businesses.
On My Loans, you can apply for loans, get approved, and receive products online in the shortest possible time.
MyLoan Online Application Review | Is Myloan Genuine?
Myloan is a legit financial service company to borrow money from. It received the Diamond Arrow Award in 2020 and 2021 PMR, the Africa Business Excellence Award, and was recognized as the greatest microfinance institution in the nation, the most creative, and a company that is doing the most to promote economic empowerment.
How Much Can I Borrow on Myloan?
New users can borrow loans from Myloan from M500 to M20000. Also, you can select the loan repayment term from one month to 24 months.
What Type of Loan Can I Get on Myloan?
My Loan offers loans for any type of need. The company has loans for every level of user.
Below are the types of loans available:
- Student loans
If you wish to further your studies but don’t have enough resources to make ends meet. Myloan offers you loans to clear your academic expenses.
Loan amount: M500 – M2000
Requirements:
- National ID
- Manpower Contract
- latest bank statements – the last three months
- Staff loan
As a Myloan employee, you can get loans to keep yourself afloat through the month(s). Only Myloan employees can apply for this type of loan.
- Government employee loan
You can borrow personal loans to cover your need. Fortunately, this type of loan has a low interest.
Loan amount: M500 – M20000
Requirements:
- National ID
- Bank/Mini statement
- Recent Pay slip
- Private sector secured loan
Apply and get approved for instant loans through the Myloan private sector secure loans.
Loan amount: M500 – M5000
Requirements:
- National ID
- Pay slip/ contract
- Collateral – movable assets with receipts (not more than 2 years old)
- latest bank statements – the last three months
- Stocko Secured Loans
Stocko Secured Loans offers a streamlined borrowing experience to satisfy operational cash flow needs, with the goal of better serving and assisting the small business community. With straightforward loan terms and speedy application approvals, vendors can get loans promptly and without fuss.
Loan amount:
Requirements:
- National ID
- Collateral – movable assets with receipts (not more than 2 years old)
- Proof of ownership
- latest bank statements – the last three months
Myloan Online Application Login
Before you can apply for loans on Myloan, you need to log in your profile.
To login:
- Go to the Myloan official website.
- Click on Apply Now.
- Enter your login details.
- Click on Login.
Myloan Online Application Guide | How to Apply
Before you apply for loans, make sure you meet the requirements for eligibility.
My Loan requirements:
- National ID
- Bank/Mini statement
- Recent Pay slip
To Apply:
- Go to the Myloan official website.
- Click on Apply Now.
- Login to your profile.
- Select the loan amount and term.
- Hit Apply Now.
- Fill out the application form.
- Submit your application.
Apply for Loans on the Myloan App
For a quick Myloan online application, you may use the Myloan app. Download the Myloan app and enjoy quick applications and same-day approval.
Download Myloan app.
