Rating based on 8 reviews

MBC Finance

  • Short-term Loans up to R4,000
  • Low-interest starting from 32%
  • Repayment up to 30 days

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MBC Finance homepage
Author MBC Finance. Screenshot of MBC Finance website.
[Accessed May 11, 2023]

About MBC Finance

MBC Finance was established over 14 years ago and has grown in leaps and bounds over the years.

They’ve gained a great deal of relevant and useful information on how to best improve their clients’ experiences in the finance and credit domain. Their exceptional quality service delivery has positively contributed to their large fan base made up of satisfied clients.

Partners with Compuscan and Altech NuPay

MBC Finance uses Compuscan, which is a South African credit bureau that complies with the National Credit Act.

Compuscan provides consumers and creditors with detailed credit information all throughout the African continent. MBC Finance also uses Altech NuPay to transact their client's debit orders in a seamless and convenient way.

What separates MBC Finance from other lenders?

MBC Finance tries its best to make everything easy as ABC. They have a solution-oriented mindset, making it possible for their clients to receive whatever they need. This is what makes them different from other lenders.

  • Web-based application system.
  • They use real-time analytics, making you know your application status immediately.
  • More money in your pocket as you save yourself from unessential calls and sending of documents manually.
  • Fixed repayment term, which means regardless of any changes in interest rates, your loan repayment remains unchanged.

Extra money for your needs

If there’s one thing that MBC Finance knows is that we all require extra money from time to time. Their plan of action helps you get the best online loan offer you can afford.

Affordability assessments are conducted to protect you from over-indebtedness, leading you to be in control of your finances.

MBC Finance Services

MBC Finance short-term loans allow you to relish and afford the simple things that life has to offer. A short-term loan is a good choice, most particularly in a period of financial uncertainty and economic crisis.

In today’s fast-paced world, which is strongly reliant on the internet, MBC Finance took advantage of this and created short-term loans that are easily accessible and a click away.

Fast, easy and cost-efficient process

A fast, easy, and cost-efficient process is guaranteed at MBC Finance. You don’t have to wait hours on the phone line to speak to a consultant, nor do you have to waste time travelling to see them. It only takes a couple of minutes for your application to be approved, just as long as all required documents are provided.

Stay out of debt with MBC Finance

MBC Finance provides short-term loans that can keep you out of debt. Their short-term loans are affordable, giving you permission to repay your loan on time without any struggle.

The fact that you’ve to pay back your loan in a short period of time means you can have one less stressful thing out of the way.

MBC Finance repayment terms

MBC Finance repayment terms are easy to understand, and they fit in well with your financial plans. The instalment amount is based on the loan term you’ve selected.

You can discard any trips to make payments, as they strictly prefer monthly debit order payments on your salary date. Their monthly instalments include their interest rate, service, and initiation fee.

How will you know if your loan has been approved?

MBC Finance notifies you of your short-term loan approval status through your personal email address.

If you're satisfied with the loan on offer, your short-term loan contract will be electronically sent to you via email, thereafter you’ll need to sign and return by emailing the signed contract back to them. Following this, the cash amount is deposited into your bank account to use as you desire.

MBC Finance – Short-term Loan

  • Loan Type Short-term Loans
  • Interest Rate from 32%
  • Loan Amount up to R4,000
  • Repayment 7 days to 30 days

Benefits of MBC Finance

  • Affordable short-term loans
  • No paperwork
  • Easy online applications
  • Loans are approved quickly

Short-term Loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This short-term loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

How to apply for a short-term loan with MBC Finance

If you need a short-term loan with MBC Finance, there are two available options.

If you’re a first-time applicant, then you’ll go ahead with this option. If you’re a returning applicant, then you’ll take the existing client option. What’s interesting about MBC Finance is that they sometimes give blacklisted applicants a chance. This requires your affordability to be carefully evaluated.

What are the adverse effects of not making a payment?

If there’s a delay in your payment, this leads to your loan cost increasing. Continuously skipping payments results in your credit records being badly affected. This jeopardises your creditworthiness and limits your chance of being granted another loan in the future.

What documents are needed to approve your application?

  • A copy of your ID
  • Recent payslip
  • Recent three-month bank statement
  • Proof of address

All the mentioned documents should be scanned when uploaded to their website. Once you’ve sent all the right information, these will be assessed instantly, and you’ll be informed about the outcome of your application. Getting an approved notification, means you can expect the funds to be directly deposited into your bank account instantly.

A credit check is required during the application process

Being the only one of its kind, MBC Finance designed out-of-the-box methods that can assist you to succeed and be a few steps ahead. Since everything is conducted online, you receive numerous benefits.

They have a modern credit check system that detects how well you’ve been paying.
This credit check is a necessary step in the application process, as it highlights your credit history and gives in-depth insights about how you’re likely to pay. Paying your MBC Finance short-term loan on time greatly improves your credit score.

What can cause your loan application to be declined?

There are many reasons why your loan application can be unsuccessful. Below are the listed reasons for non-approval.

  • You’re unable to meet their repayment term
  • You’re under debt review
  • You’re not earning the required salary
  • You’re under an administration order
  • You’ve not been working for more than 6 months
  • You produced unethical documents
  • Negative credit history
  • Your company’s unrecognised

Wondering how much you can borrow?

At MBC Finance you can apply for a short-term loan from an amount starting from R500 to R1000. This is for first-time applicants.

If you’ve applied with MBC Finance before and re-applying as you’ve built a credible reputation with them. You stand to gain a short-term loan amount that’s bigger, provided that you can afford it.

man holding thumbs up

MBC Finance is a trusted & reliable provider of short-term loans

In our review, MBC Finance adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ MBC Finance is a registered credit provider in South Africa: NCRCP506

MBC Finance Contact

Physical Address

  • Shop 4, Palm Centre, Corner Old Main Rd, Isipingo Rail Durban 4133 South Africa
  • Get Directions

Opening Hours

  • Monday 08:00 – 17:30
  • Tuesday 08:00 – 17:30
  • Wednesday 08:00 – 17:30
  • Thursday 08:00 – 17:30
  • Friday 09:00 – 17:00
  • Saturday 11:00 – 15:30
  • Sunday – Closed