MBC Finance Personal Loans Services in South Africa

MBC Finance

What is MBC Finance?

MBC Finance is a company providing short-term personal loans to South Africans. They’re an accredited financial service provider who has been operating for more than 14 years now. Their business is compliant with the requirements imposed by the National Credit Act so rest assured you’re in good hands when you apply for a loan from them.

MBC Finance can loan up to R2 000 which can be repaid over a 30-day period. This is enough for clients who find themselves short of money when they really need it.

There’s not much paperwork to do in getting a loan from MBC Finance SA. The simplicity and expediency of their online process is their edge over competing lenders.

With their quick approval scheme, you can receive the money on the same day you applied. This holds true as long as you submit all the required documents on time.

Aside from short-term loans, MBC Finance SA also offers payday and long-term loans.

MBC Finance conducts credit checks to see if you’re fit to comply with your loan obligations. They won’t approve your request if it will just plunge you further into debt.

MBC Finance - Personal LoansGetting Your Loan

To request for a personal loan, simply complete the application form found on their site.

The minimum amount you can apply for is R500; max is R2 000. This range applies to for new clients of MBC Finance. If you’re an existing client, the company may allow you to loan a much bigger amount as long as you can ensure timely repayments.

MBC Finance SA will not approve your loan if you’re undergoing debt review, administration, or have a really bad credit history.

Interest & Fees

Their personal loans have fixed interest rates. This means the rate will stay the same all throughout your repayment period.

The rate itself, though, may vary depending on how long it will take you to clear the debt. MBC Finance will decide on the interest rate they’ll impose on your loan based on your credit profile.

Repayment Schedule

For short-term loans, the limit is 30 days. However, bigger amounts can be scheduled for a longer timeframe.

Repayments are done automatically by deducting the amount from your bank account. Failure to repay the loan on the agreed terms may negatively affect your credit rating.


Prepare the following documents in advance if you plan to apply for an MBC Finance personal loan.

  • Clear copy of your valid ID
  • Most recent payslip
  • Bank statement of the past 3 months
  • Proof of residence

These documents can be uploaded to their website together with your application form.

You must also be permanently employed in a company operating a legitimate business. It should also be the same employer you’ve been working with for the past 6 months. These criteria are important in making sure you have a monthly salary that can repay your loan obligations on time.

Contact Details

You can contact MBC Finance by filling out the contact form available on their website. Input your queries together with your contact information and they’ll get in touch with you as soon as they can.

Or, you can give them a call or drop them an email through the following channels:

Phone: 031 823 7994

Email: online@mbcfin.co.za

Take note of their office hours to ensure you get the needed response on time.

Monday to Friday: 8:00 AM to 4:00 PM

Saturdays: 8:00 AM to 11:00 AM