Mulah is in the business of providing you with short-term loan finance for those days when your bank balance can do with a bit of a boost. Sometimes unforeseen events can place financial strain on even the most astute budgeters, other times you may just need a little more luxury in your life.
That is where Mulah can help. You can choose the amount you would like to loan as well as when you would like to pay it back within the 32 day repayment period. Always in time for that next pay check. We don't have fancy hidden clauses and we like to keep it simple. From the get-go we'll let you know exactly how much your Mulah loan repayment will cost you, allowing you to stay on top of your financial situation.
Mulah is a Responsible credit provider and adheres to all the laws as set out by the National Credit regulator to also help prevent our client from situations of over -indebtedness.
Mulah is a registered credit provider. (NCR No. NCRCP 12668).
If it is the first time you are applying for a Mulah Loan the loan limit is R2500. The more loans you make and repay, the higher your Mulah trust rating gets. The higher your trust rating becomes, the more money you qualify to borrow, up to R8000!
You can easily calculate the days. Interest and costs of the loan until your next payday when you will be required to repay the loan. Simply slide the Mulah widget to select the loan amount and the number of days till your next payday. Keep in mind that Mulah will expect the repayment by the date which you have selected, so be reasonable and realistic please. After your first loan, future loan applications are even easier and quicker to complete.
That's right, we can only approve your Mulah Loan if the banking details provided by you are with one of the following banks:
If your bank is not listed above don't despair, check back at a later date, we will continue to add banks that fascilitate our business, some are just late bloomers. Watch this space!
Once your application is approved, your Mulah Loan could take as little as 60 seconds to be paid into your bank account. For the time being our payments are linked to bank hours so the payment period may fluctuate. We're working on making constant, instant availability possible. Watch this space.
If it is a weekday between 8:00 and 15:00 your Mulah will be paid the same day. After 15:00 on weekedays your Mulah may take until the following morning to clear, just in time for breakfast. Over weekends or public holidays your Mulah will be paid out early in the morning on the next working day.
Don't be too disheartened if your loan does not get approved. We go to great lengths to help our customers secure short-term loan finance when they really need it. Rejected applicants have the opportunity to contact us directly and make an appeal for a loan. In our appeal process we will manually asses your situation, take a closer look at your application and do our best to get you your Mulah.
To appeal, submit the following documents, as well as your reference number, to email@example.com: or Fax it to: +27 (86) 599 6280
For further information, please contact us on +27 (87) 237 7010 or email us at firstname.lastname@example.org.
Responsible lending means that we will not grant anyone a loan who will not, within reason, be able to repay it. As an authorised financial service provider registered with the NCR, Mulah is in full compliance with all relevant legislative requirements around short-term loan finance. We pride ourselves in our innovative service which offers you, the customer complete transparency when making the decision to apply for loan finance. We will only grant loans that will not affect our clients negatively over the course of their repayment.
To this ends we have made the process as easy to understand as possible. All fees associated with loan repayments are noted upfront and our documnetation is easy to access and simple to understand. Our quotations are clear and valid for five days from their delivery and we will run credit checks of all applicants with the Credit Bureu to ensure that they are capable of repaying loans granted.
All loan applicant will also receive our assesment and feedback on their loan requests.
In support of the industry wide initiative by the Payments Association of South Africa (PASA), FNB has implemented DebiCheck to put you in control of your debit orders.
What is DebiCheck?
Due to an increasing number of unauthorised debit orders being submitted into the payment system, DebiCheck will require you to electronically confirm the DebiCheck debit order details before a creditor or service provider can debit your account.
You will be able to review the DebiCheck debit order details on your preferred channel, ensuring increased security and putting you in control of your debit orders.
How does it work?
DebiCheck puts you in control, giving you the assurance that debit orders going off your account have been approved and agreed to by you.
For a step-by-step guide on how to review and manage DebiCheck debit orders, go to FNB Assist (under the “Information” menu) on the FNB Banking App.
For more information, visit DebiCheck, alternatively visit DebiCheck.co.za