Our application process is totally online. It allows us to process your application faster and get money to you sooner. The information we ask for is designed to satisfy the regulatory obligations we have without overburdening you with detailed requirements. It’s fast, easy and convenient. You can apply now in just 5 minutes

You apply online via our website at www.myspendza.com You can also access our service with any mobile device.

If you’re 18, a resident of South Africa, and can afford to repay it, then you’re eligible for a loan with us.

You need to demonstrate a regular income stream to be eligible for a loan.

Yes, we will carry out a credit check during the Application process but that doesn’t mean that if you have had problems in the past we’ll automatically reject your Application. We’re more interested in your recent history and your current capacity to repay the loan. 

We need to do a few things: we need to verify you are who you say you are; we need to do some basic credit enquiries; and we need to check you can afford the loan you’re asking for. In the past, this would take days to complete, however recent advances in technology have allowed us to carry out these enquiries totally online, in a secure manner. During the Application process we will ask to enter the following information:

- South African ID Number.

- A valid cell phone number that is capable of receiving an SMS.

- Your Banking details. 

This will allow us to assess your bank statements. Ultimately, this will help us ensure that you do not fall into difficulties in making the repayments due under a loan or incurring further costs and charges. 

No person can access your internet banking details. When you enter your banking credentials on our website they are immediately encrypted. The encrypted details are stored in a highly secure data centre which has a single use, to generate a read-only data-feed which we will use to assess the affordability of the loan.

As an organisation, security of data and prevention of fraud are fundamental to us. We are permitted read-only access to your transactional account, so will only ever be able to view your account. Your internet banking details are encrypted and held securely by our professional service providers. Our partner, Decision Logic, is permitted read-only access to your current account, so will only ever be able to view your account. We do not have the ability to change any of your banking details or set up standing orders/direct debits. All data is securely handled in accordance with data protection laws and our privacy policy.

They will be used by us to make lending decisions about you and stored by us as long as necessary to assist us in managing your account.

We would recommend that you review the Terms and Conditions of your internet banking provider. Before you decide to submit your banking credentials, we stress that security is of paramount importance, we would especially mention that:

- Your data is encrypted in transit.

- We do not have any functionality over your bank account

- We only have access to a read-only service.

The Application process takes less than 5 minutes and you can have your money in minutes.

Spendza Loans is an online business. If we need further information or you need to contact us, you can do this using the following details:

Telephone: +27615341828

Email: Nomvuyotshekela@gmail.com