How to apply for a Shoprite MFIN Loan

The mfin personal loan is offered by the South African food retail giant Shoprite Checkers in partnership with MFIN. The Shoprite MFIN loan amount starts from R1000 to R7500 and comes with the most affordable and lowest interest rates you can find in South Africa.

The partnership between Shoprite and MFIN enables endless opportunities for Shoprite customers who are shopping at Shoprite because Shoprite has the reputation of offering low prices, and with the Shoprite MFIN personal loan, customers are guaranteed low interest rates as well.

What does the Shoprite MFIN loan offer

The Shoprite MFIN personal loan offers the lowest interest rate that you can find in the South African loan industry, and also offers a flexible amount of personal loans that you can apply for. The loan amount and interest rates are as below:

• If you apply for an R1000 loan, then you will pay R291.08 p/m interest
• If you apply for an R3000 loan, then you will pay R730.03 p/m interest
• If you apply for an R7500 loan, then you will pay R1717.68 p/m interest

How to apply for a Shoprite MFIN loan

There are several ways to apply for the Shoprite MFIN loan:

You can apply at any Shoprite store near you:

• Then, when you get there, go to any till point and tell the cashier you want to apply for the Mfin loan
• Present your ID or Smart ID card
• Tell the cashier how much you need
• Then wait for 15 minutes, you will then get the sms informing you if your loan application has been successfully approved or not
• If approved, you will get the money immediately

You can also apply online at www.mfin.io

• On the website, you will find an application form. Fill the form with the required information
• After submitting the form information then an MFIN consultant will get in touch with you to complete the application.

Requirements needed to apply for a Shoprite MFIN loan

You must meet the eligibility requirements below before applying for the loan

• You must be 18 years or older
• Must be South African citizens with supporting documents: ID card/document  
• Employed or have a stable source of income with supporting documents: 3 months bank statement & payslips
• You must have a good credit record
• The information provided must be correct

If you meet all the requirements, you can start applying for the loan using anyone of those applying methods mentioned above, you must bear in mind that if you meet the requirements qualifying for the loan is inevitable.

Shoprite MFIN loan contact details

Get in touch with Mfin Customer Services on: 0861 34 6346.

for more on personal loans head here