Mpowa Finance Review
Quick overview
- Amount: R500 - R1.000
- Term: 1 - 31 days
- Age: 18 + years:
Mpowa Finance table of repayments
| Amount | Fee | Total payment | Term |
| R1.000 | R269.40 | R1.269.40 | 31 days |
A representative example
Loan Amount R1000 taken out on 1st of the month repayable on 31st of the month. Initiation Fee: R171 incl VAT. Service Fee: R68.40 incl VAT. Interest: R50 (1st loan) subsequent loan R30. Interest rate: 5%pm 60%pa 1st loan in a calendar year. 3%pm 36%pa for subsequent loan taken out in that same calendar year. Credit Cost Multiple incl VAT 1.29 1st loan & 1.27 for a subsequent loan in same calendar year. Outstanding Loan Amount: R1289.40 1st loan R1269.40 subsequent loan.
Mpowa Finance experience and discussion
Mpowa Finance experiences
Tell us your experience with Mpowa Finance at info@coolfinance.co.za and we will publish it anonymously into our discussion.
Is Mpowa Finance a scam?
No. The product is absolutely fine and no need to worry about anything hidden. The company MPOWA Finance (Pty) Ltd. really provides these loans.
Lincoln Ndirangu(LinkedIn)Lincoln Ndirangu is a professional freelance web copywriter based in Nairobi, Kenya. For over 7 years, writing for the web and engaging the online audience has been primary focus and passion.More information...