SASSA Loan via Cellphone

In order to withdraw South Africa from financial disaster and poverty, SASSA Loan via Cellphone has been introduced as part of a special initiative organized by SASSA. SASSA, the South Africa Social Security Agency, is the short abbreviation for the agency. This social agency is specially designed to help the poor and vulnerable families in South Africa. SASSA is trying its very best to eliminate poverty and improve the living standards of poor families in South Africa. They provide aid and grants or funds to support the weak and poor. There are some eligibility criteria for this grant set by the SASSA.

2 Different Methods of SASSA Loan

Currently, two different methods exist to apply for an SASSA loan which complete the step-by-step guide given. Before applying time must read the info and start the process.

• Easypay SASSA Loan
• Moneyline SASSA Loan

Easypay SASSA Loan

STEP 1: Dial the USSD Code

Initiate the process by dialing *120*3737*1# on your mobile phone.

STEP 2: Verify Your Identity

Choose option 5 and enter your South African ID number.

STEP 4: Specify Loan Amount

Enter the desired loan amount.

STEP 5: Detail Monthly Expenses

Provide accurate information about your total monthly expenses.

STEP 6: Review Loan Agreement

Wait for an SMS containing the loan agreement and repayment details. Read this carefully.

STEP 7: Sign and Submit

If you agree to the terms, reply with your signature and full name.

STEP 8: Await Approval

Easypay will process your application, typically within 24 hours. However, delays may occur due to high demand.

STEP 9: Receive Notification

You’ll get an SMS confirming whether your loan is approved or rejected. If approved, the funds will be deposited directly into your bank account. If rejected, the SMS will explain the reason.

To follow the SASSA status check you can visit the link.

Moneyline SASSA Loan

• Dial the USSD Code: Start the application by dialing 1303737*1# on your mobile phone.
• Verify Your Identity: Enter your South African ID number when prompted.
• Authorize Credit Check: You’ll be asked to press 01 to allow access to your credit history and bank statements. This is necessary for loan assessment.
• Provide ATM PIN (Caution): Moneyline requires your ATM PIN for security purposes. Be aware that this grants them access to your bank account information. Consider the potential risks before proceeding.
• Review Loan Agreement: You’ll receive an SMS with the loan agreement and repayment terms. Thoroughly review this document.
• Sign and Submit: If you agree with the terms, reply with your signature and full name to confirm your acceptance.
• Await Approval: Moneyline will process your application, typically within 24 hours. However, delays may occur during busy periods.
• Receive Notification: You’ll be notified via SMS about the outcome of your application. If approved, the loan amount will be deposited into your bank account. If rejected, the SMS will provide an explanation.

Eligibility Criteria

• South African Citizen: You must hold South African citizenship.
• Permanent Resident: You must have a valid South African ID and be a permanent resident.
• Age: You must be at least 18 years old.
• Cell Phone: You need an active South African mobile phone number registered in your name.
• Bank Account: You must have your own personal bank account.
• Regular Income: You need to demonstrate a consistent source of income.
• SASSA Grant Recipient: You must be currently receiving one of the following SASSA grants:
  • SRD Grant (Social Relief of Distress)
  • Disability Grant
  • Child Support Grant
  • Any other valid SASSA grant

Read the procedure to Check SASSA Balance.

Required Documents

• Identification: Valid South African ID card or passport.
• Residency Verification: Proof of permanent residency in South Africa (if applicable).
• Financial History: Three months of recent bank statements.
• Income Proof: Documents verifying your income source (e.g., payslips, pension statements).
• Marital Status: Proof of marital status (marriage certificate, divorce decree, etc.).
• Employment Verification: Documents confirming your employment status (e.g., employment contract, letter from employer).
• SASSA Grant Proof: Proof of receipt of a valid SASSA grant (e.g., award letter, bank statement showing grant deposit).
• Contact Information: Current cell phone number and / or valid email address.
• Expense Documentation: Evidence of your monthly expenses (e.g., utility bills, rent/mortgage statements).

In conclusion, the purported SASSA Loan via Cellphone appears to be nothing more than a rumor, as there has been no official announcement or confirmation from relevant authorities. Individuals must exercise caution and refrain from relying on unverified information circulating on various platforms. Staying informed through reliable channels ensures a more secure and accurate understanding of financial opportunities and announcements.