Your Trusted Lending Partner
At MyBenefitz, we understand that everyone's financial needs are unique. That's why we offer a variety of lending options tailored to meet your specific requirements. As both a Credit Provider and a Broker, we work hard to secure the best loan deals for you. For smaller loans, we provide financing directly, and for larger loans, we assess your profile and scan the market to connect you with the most suitable lenders.
Quick Loan Calculator
Loan Terms & Cost Example
Key Terms
- • APR: 36% - 60%
- • Repayment terms: 61 - 180 days
- • Loan amounts: R250 - R8,000
Example Loan
For a loan of R1,000 over 3 months (±90 days):
- ✓ Total repayment: R1,543.00
- ✓ Monthly repayment: R514.33
MyBenefitz is a Registered Credit Provider (NCRCP21271) • No hidden fees • Responsible lending guaranteed
Our Loan Products
Short Term Credit
Need quick financial relief until you are out of the woods? Our Emergency Loans are designed to help you cover urgent expenses with minimal fuss.
Key Features:
- Amount: R500 – R3,000
- Period: 1–3 months
- Quick approval process
- Minimal documentation needed
Unsecured Credit Transactions
For slightly larger expenses, our Short Term Loans provide flexible repayment options and quick approval.
Key Features:
- Amount: R3,000 – R8,000
- Period: 1–6 months
- Flexible repayment terms
- Competitive interest rates
Long-term Loans
Planning a big expense? Our Long-term Loans offer competitive rates and higher loan values, with repayment periods tailored to your budget.
Key Features:
- Amount: R8,000 – R250,000
- Period: More than 12 months
- Lower monthly payments
- Customizable terms
Why Choose MyBenefitz?
Market Scanning
We scan the market to secure the most competitive interest rates and terms based on your unique financial profile.
Personalized Solutions
Each client's profile is thoroughly assessed to match them with the ideal loan product.
Quick Process
Our streamlined application process ensures you get the funds you need when you need them.
Expert Support
Our team of financial experts is always ready to guide you through the loan process.
Responsible Lender
We are registered with the National Credit Regulator (NCRCP21271) and committed to ethical lending practices that protect consumers.
Holistic Financial Wellness
Beyond loans, we offer comprehensive financial wellness tools and resources to help you achieve long-term financial health.
Frequently Asked Questions (FAQs)
MyBenefitz offers a variety of loan products including Pay-day Loans (R500-R3,000), Short Term Loans (R3,000-R8,000), and Long-term Loans (R8,000-R50,000) to suit different financial needs and circumstances.
Our approval process is quick and efficient. For smaller loans, approval can be granted within hours, with funds typically disbursed within 24-48 hours after all required documentation is submitted and verified.
Required documents typically include a valid South African ID, proof of income (latest 3 months' payslips), and latest 3 months' bank statements. Additional documentation may be required depending on the loan type and amount.
Interest rates vary based on factors like loan amount, term, and individual circumstances. Our rates are competitive and comply with NCR regulations, typically ranging from 3% to 5% per month depending on risk assessment.
Yes, we offer solutions for individuals with less-than-perfect credit. For specialized options, check our Blacklisted Loans page which offers loans specifically designed for those with poor credit history.
The initiation fee is 15% of the loan amount (capped at R1,050) plus 15% VAT, charged once when the loan is processed. The service fee is R60 per month plus 15% VAT, charged throughout the loan term for administration costs.
Credit life insurance costs R4.5 per R1,000 borrowed per month and protects both you and the lender if you're unable to repay due to death, disability, or retrenchment. This is a standard requirement for most loans in South Africa.
Regulatory Information & Consumer Protection
IMPORTANT: To verify our Registration as an Authorised Credit Provider, visit NCR's Register of Registrants and search using our registration number NCRCP21271 or MyBenefitz.
National Credit Regulator (NCR)
MyBenefitz operates in compliance with the National Credit Act. We encourage our clients to verify credit providers through the NCR's official channels.
Consumer Protection
Your rights as a consumer are protected under South African law. If you have any concerns about our services, you have access to independent dispute resolution channels.
Important Notice
Before applying for any credit, ensure you:
- Understand the terms and conditions
- Can afford the monthly repayments
- Have verified the credit provider's credentials
- Are aware of your rights as a consumer