How To Apply For Mashonisa Loans

How To Apply For Mashonisa Loans

Mashonisa was established in 2010 with the goal of matching your loan application to a qualified lender instantly and directly by submitting a single loan application.

Mashonisa provides a list of numerous lenders offering various types of loans. They make it much easier to compare all of the significant elements, including loan amount, interest rate, and payback terms. 

How To Apply For Mashonisa Loans

When comparing loans, it’s important to understand the various lending options and their benefits.

Features of Mashonisa Loans 

1.Informal Lending:

Mashonisa loans are of a non-formal kind. They frequently operate in defiance of established banking and financial rules.

2.High Interest Rates:

 These loans have high interest rates, which can be a lot higher than those provided by banks or other authorised lenders.

3.Short-Term Loans:

Mashonisa loans are often short-term in nature, with borrowers expecting to pay them back in a few weeks or months at most.


People who do not fit the requirements for conventional loans or who have limited access to formal banking services may find them to be more accessible.

5.Risk of Exploitation: 

Due to the absence of official rules, borrowers who use Mashonisa loans may be at risk of being taken advantage of. Some lenders might practise predatory lending or harsh collecting strategies.

6.Lack of paperwork: 

Mashonisa lenders may not need formal paperwork in transactions, which makes it difficult for borrowers to comprehend the terms and conditions in full.

7.Legal Uncertainty: 

Borrowers may only have limited legal options available to them in the event of disagreements regarding the legality of various Mashonisa lending practises.

8.Loan Agreement: 

In some cases, you may be asked to sign a loan agreement that outlines the terms and conditions of the loan, depending on the lender your loan application is paired with.

Requirements for Mashonisa Loans 


You will need to provide some form of identification, such as a South African ID document, to verify your identity.

2.Proof of Income: 

Many lenders require proof that you have a source of income, although the specific income requirements vary.

3.Loan Application:

 You need to complete a loan application form or provide information about the amount you wish to borrow.


 Some Mashonisa loans require collateral, such as personal assets, as security for the loan.

5.Repayment Terms:

 Be prepared to discuss or agree upon repayment terms, including the loan amount, interest rate, and the repayment schedule.

6.Contact Information: 

You must provide contact information, such as your address and phone number.

Step by Step Methods for Applying for Mashonisa Loans 

1.Visit the Official Website:

 In order to apply for a Mashonisa loan visit in order to apply online.

2.Click on loan application:

On the website page,click on the loan application and you will be redirected to another page where the online loan application form will be displayed.

3.Provide Necessary Information:

  You are required to provide information such as the reason for the loan,your name, loan amount,then finally your email,so that they can contact you with the various offers available. 

4. Await response from Mashonisa.

   When they are able to get a matching loan offer they will contact you via the email address you provided or other contact details provided on the application form. 

5.Review Loan Terms and Conditions:

Once you receive the loan offer, you are expected to go through to see if the terms and conditions are okay for you or you would have to look for another offer. 

6.Accept the Loan Offer :

  If the terms and conditions of the loan are favourable,  then you can go ahead to accept the loan offer.

7. Loan Disbursement:

    Once you have accepted the loan offer ,wait for the agreed amount to be disbursed into the account you previously provided.

Mashonisa Loans Customer Support Contact Details 

Customer enquiries Email :

Customer Care Telephone Number :

079 295 6642

Frequently Asked Questions 

What exactly are Mashonisa loans?

Mashonisa loans are short-term loans provided to assist in filling the financial gap between two paydays. Therefore, this loan might be very helpful if you are short on money and your next payday is still a few days away.

Who can apply for this loan?

Typically, in order to be eligible, you must attest that you are a South African citizen, have a fixed monthly income, have a legitimate bank account, and are at least 18 years old.

How can Mashonisa assist me?

Mashonisa is a website that finds lenders willing to help with loans at a set interest rate and makes short-term loans available whenever you need them. 

Is my personal information secure against hackers and fraudsters?

Yes, Mashonisa has a dedicated team of professionals working to keep hackers out of our system and stop fraudsters from utilising false information.

How long will it take to get approval?

The length of time it takes to receive approval is entirely up to the lender. Once we have connected you with a lender, our work is done. The approval process often lasts a few hours to a full working day.


Mashonisa loans are a popular type of unofficial finance in South Africa. Although they might offer quick access to funds, because of their frequently high interest rates and informal nature, borrowers should use caution. 

To make wise financial decisions, it’s essential to completely comprehend the loan’s conditions, weigh the dangers, and look into other financing options where feasible.