Mobileloans

.of Days+ 6.5%TRANSMISSION FEE=TOTAL to REPAY

0.5% * E500=E2.50; Once-off Transmission Fee: 6.5%*E500=E32.50
E500 + (E6.50*15 Days)+ E32.50.=? E500+E75+E32.50= E607.50

SMS: MCL LoanAmount Days DueDate DueAmount

MCL 500 15 10/06/14 600

SMS to: 6677

Example 2. A E700 loan for 10 days borrowed on the 26/05/14 is calculated thus:

PRINCIPAL LOAN + SERVICE CHARGE(0.5%*Loan)*No.of Days+ 6.5%TRANSMISSION FEE=TOTAL to REPAY

0.5% * E700=E3.50; Once-off Transmission Fee: 6.5%*E700=E45.50
E700 + (E3.50*10 Days)+ E45.50=? E700+E35+E45.50= E780.50

SMS: MCL LoanAmount Days DueDate DueAmount

MCL 700 15 05/06/14 805

SMS to: 6677

If DueAmount divided by your NET INCOME does not exceed 15%, then your application will automatically be successful. You will then receive the cash via Mobile Money in less than 30 minutes!!!!!Please ONLY apply for an amount that meets the 15% else your application will FAIL.


***Minimum Loan E500******Minimum days 20*******
***Maximum Loan E,6000****Maximum days 30 days*****

Questions to ask yourself before you SMS:

1. Have I submitted my most recent payslip to MCL?
3. Have I activated my MTN Mobile Money account?
4. Do I meet the 15% requirement?
5. Have I accurately entered the LoanAmount Days DueDate DueAmount?
6. Have I entered MCL before the LoanAmount? If 1-6 is all YES, then SMS to 6677 and you will get your cash in less than 30 minutes!!!!! To sign up for MobileCashLoans, simply download and print MCL forms on our page, fill in your details fully and sign, attach your most recent payslip and id. THEN drop off the MVTel building @ Sidvwashini in Mbabane or scan and email to: [email protected]. Once registered, you will receive a confirmatory SMS from us; and then you can start applying when in need via SMS.