Instaloan

Instaloan – short term loans for MTN customers

The financial industry is a dynamic one, with an ever-changing system in every country. As technological innovations make it easier for people to work, travel and transact, companies are taking advantage of these changes by improving services for their clients and customers.

MTN is a leading mobile technology company that has a large footprint on the African continent. Over the years the company has grown to amass millions of subscribers in South Africa as well as across the continent.

In addition to offering prepaid and contract cellular deals, as well as mobile payment solutions the mobile company has also expanded its services to include loan services.

Through Instaloan, a new service available for valid MTN customers, individuals can get access to convenient short term loans of up to R2500.

What is Instaloan?

Cash Credit, an international tech-based financial services company, partnered with MTN to provider small convenient Insta Loans.

Focused on unsecured lending, Instaloan is a short term finance solution for individuals looking for fast access to cash. The institution offers competitive financial services for the unbanked. In a market like Africa, where more people are getting access to mobile phone technology on a daily basis, Instaloan fulfils an important service.

According to a survey of seven African countries, 42% of Ugandans and 39% of Tanzanians said they use payment services such as M-Pesa and MTN Mobile Money in East Africa. This MTN service looks set to become more popular as mobile money services increase in popularity.

What do you need to qualify for MTN Instaloan?

  • Be at least 18 years old
  • Be a South African citizen
  • Have a regular income
  • Have an active MTN cellphone number

How to apply for an Instaloan:

  • Decide how much you want to borrow and select your repayment term using the convenient credit calculator.
  • Register an account and fill in your personal and banking information. Upload your 3 most recent bank statements.
  • Your information will be verified after which the loan will be finalised.
  • Once approved, you will get an SMS and an email.
  • Login to the website and sign the agreement electronically.

Instaloan contact details

For more information about Instaloan, call 083 900 9008 or visit www.instaloan.co.za

Try our loan calculator or get information about applying for a loan.

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