EasyPay Loans for SASSA Beneficiaries

Do you need a loan? Then you are on the right page. You can get a loan of R410 to R1050 using the EasyPay loan scheme. All the SASSA beneficiaries can apply for the EasyPay loans and there are high chances that you will get the loan approval.

However, you need to know that SASSA does not offer any kind of loan facility. These loans will be issued by the EasyPay. However, only SASSA grant applicants and beneficiaries can get these loans. You need to be a SASSA grant beneficiary to get approval for this loan. So if your SASSA status check is approved then only you can apply for this loan service.

Despite of SASSA does not provide loans, these loans are named SASSA loans. If you are the one who is desperately looking for SASSA loans then you need to apply via EasyPay loans.

What is EasyPay?

EasyPay is a financial service provider in South Africa that offers various payment solutions, including bill payments, prepaid services, and loans. It is widely known for facilitating secure and convenient transactions for individuals and businesses. 

EasyPay also provides micro-loans to SASSA beneficiaries, allowing them to access short-term credit based on their grant payments. However, it is important to note that EasyPay is not affiliated with SASSA, and the loans offered through EasyPay are independent financial products.

What is an EasyPay Loan?

An EasyPay Loan is a short-term loan specifically available to SASSA beneficiaries, linked to the EasyPay Green Card. To qualify for an EasyPay Loan, you must first apply for and obtain an EasyPay Green Card, which serves as a financial tool for receiving and managing funds.

With an EasyPay Loan, you can borrow amounts ranging from R410 to R1050, depending on your eligibility. However, these loans come with a repayment period of 6 months, during which you will need to repay the borrowed amount along with additional charges. The loan incurs a 31% fee, and the effective interest rate is 164%, making it a costly borrowing option.

It’s important to carefully consider the repayment terms before applying, as the high interest rates can significantly increase the total repayment amount.

Eligibility Criteria for EasyPay SASSA Loan

To qualify for an EasyPay SASSA Loan, applicants must meet the following requirements:

• Must be an EasyPay Everywhere account holder for at least the last three months.
• Must be a South African citizen with a valid South African ID.
• Must be 18 years or older.
• Must provide a bank statement for the last three months.
• Must be an approved SASSA grant beneficiary.
• Must have an SASSA-endorsed Postbank bank confirmation letter.

How to Apply for an EasyPay SASSA Loan?

If you are a SASSA grant beneficiary and meet the eligibility criteria, you can apply for an EasyPay SASSA Loan using the online method. Below is a step-by-step guide to help you complete your loan application:

📌 Online Application Method

Step 1: Visit the Official Website

• Open your browser and go to the EasyPay Everywhere official website: epe-online.co.za.

Step 2: Register an Account

• If you do not have an account, you must register by providing your details.
• Click on the Sign Up or Register button to begin.

Step 3: Enter Your Personal Details

• Provide the following information:
  • Your 16-digit EasyPay Everywhere card number.
  • Your South African ID number.
  • Your email address.
  • Your EasyPay card PIN.

Step 4: Verify Your Account

• After entering your details, an OTP (One-Time Password) will be sent to your registered mobile number.
• Enter the OTP on the website to verify your account.

Step 5: Create a Username and Password

• Once verified, set up a unique username and a strong password for your EasyPay account.
• This will be used for future logins and loan applications.

📌 Loan Application Process via USSD Code

Step 6: Dial the USSD Code

• Once your EasyPay account is set up, take your registered mobile phone and dial the USSD code:
  • Dial *120*3737#

Step 7: Select Loan Application Option

• A menu will appear on your phone screen.
• Select the option related to a loan application.

Step 8: Enter Required Details

• Follow the prompts and enter the necessary information, such as:
  • Your ID number.
  • Your EasyPay Green Card number.
  • The loan amount you wish to borrow.

Step 9: Review and Confirm Your Application

• Carefully review your loan details, including:
  • The loan amount.
  • The interest rate and repayment terms.
• Confirm your acceptance of the loan terms and conditions.

Step 10: Loan Approval and Disbursement

• Once submitted, your application will be processed.
• If approved, the loan amount will be credited to your EasyPay Everywhere account.
• You can withdraw the funds using your EasyPay Green Card at ATMs or retail stores.

⚠️ Important Considerations Before Applying

• High-Interest Rate: The EasyPay Loan has a 31% service fee and an effective interest rate of 164%, making it an expensive borrowing option.
• Repayment Period: The loan must be repaid within 6 months, deducted from your future SASSA grant payments.
• Eligibility Requirement: You must be an active SASSA grant beneficiary and hold an EasyPay Everywhere account for at least 3 months before applying.