Net1 SASSA Loans (Application Guide for 2024)
Due to the increased poverty and unemployment rate, many people’s demands are unmet. Even though agencies like SASSA and UIF exist to relieve these less privileged people from extreme poverty and provide them with survival means, the problem still persists.
Net1 SASSA Loans aren’t available anymore.
Therefore, many people resort to taking loans to meet their needs. Moreover, SASSA grants do not provide enough grants or money that can provide aid in their financial crisis. Hence taking loans becomes the last resort available to them, but don’t worry, an organization like Net1 exists to relieve you from stress and provide financial assistance in time of your needs.
This article will guide you on how to take loans from net1 as a SASSA recipient. Hence making it easier for you to take loans and granting access to monetary resources. Keep reading to find out more about net1 SASSA loans.
Net1 SASSA Loans Application Guide
Net1 is a financial service company granting you loans as a citizen of South Africa. It focuses on serving the less privileged and those in financial crisis. SASSA beneficiaries can get financial help from this source.
Net1 loans are provided to all beneficiaries through moneyline Financial services, which come under their jurisdiction. It provides EasyPay loans to people who are in possession of green cards. EPSL(Easy Pay SASSA loan) provides financial benefits through green cards, hence, making the entire process of accessing the fund effortless and convenient.
Easy Pay SASSA Loans by Net1
SASSA recipients are eligible to apply for net1 loans through EasyPay loans (previously called as moneyline service) as long as they possess EasyPay green cards. Recipients must return the money on the appointed date.
In order for you to be eligible to apply for Easy Pay SASSA loans, you need to be a SASSA beneficiary. They provide loans with repayment phases ranging from 1 to 6 months. The maximum amount ranges from Rs 500 to 2000.
How To Start The Application Process
The grant recipients are requested to create EasyPay Everywhere account with the Grindrod Bank (popularly known as Grindrod Bank SASSA Loans), due to the legislation that was passed to restrict the organizations from deducting cash directly from SASSA grant funds.
After creating the account, your money will be directly transferred to your Easypay Everywhere account, instead of a SASSA bank account. This account will be secured for transactions. This procedure is effective and convenient hence allowing a fast and secure transfer of money.
Access To SASSA Loans Manually
You can apply for the loans manually or through an online portal. In order to withdraw the money and get access to a loan, you need to have an Easy Pay Everywhere green card, as this is the condition for enrollment.
How can I get my Easy Pay Everywhere Card
You can visit the nearest Easy Pay branch. You must bring along your mobile phone, on which you will receive notifications and FICA (Financial Intelligence Centre Act) documents.
- Your ID
- And your original address proof(not older than three months)
When you visit the nearest branch, you must complete all the required forms to get your EPE card. It will not take that long, and you will receive your card in minutes.
After receiving the card, you can visit any near Net1 CPS pay point and will be able to receive your Easy Pay SASSA Loans.
Access To SASSA Loans Through Online Portal and USSD Banking
You can access your account via the website, app, and USSD banking. It will take little to no effort.
Online
- Visit the Easy Pay website www.epe-online.co.za
- Click on register
- You must enter your ID, 16-digit EPE card number, email address, and EPE card PIN.
- Enter OTP(one-time-PIN) into your mobile number that is registered.
- Generate your password and username
USSD
You are already registered once you have successfully operated your USSD cellphone banking. You are only required to log in.
- Dial the short code *120*3737#
- Mention your EPE card PIN
- Lastly, follow the provided instructions
Once your account is created, the money will be sent to your Easy Pay Everywhere account, and you will be able to withdraw it depending on your choice of method.
Final Thoughts On Net1 SASSA Loans
Remember that Easy Pay Loan is basically for an emergency fund and does not provide long-term assistance. It’s a short-term loan created to assist you to get quick access to cash. Hence, it’s great for small things, such as you might need money due to certain daily needs.
It’s offered to those who can afford to pay back the borrowed amount. Therefore, carefully analyze your financial situation and then apply for Net1 loans because failure to repay the amount can lead to severe consequences.