How does My Wallet Cash Loan work? Get it Online Quickly

How does My Wallet Cash Loan work? Get it Online Quickly

There is no need to postpone your plans because you don’t have the money right now. You want to take a holiday? Take it. One of your children wants to study abroad? Send them. Let’s stop saying no to the things that are good for us. One way of finding the money to do these things is requesting loans. Today we want to talk about a company named My Wallet Cash Loans. We will talk about the products thy offer and the documents you need to take them.

How to Apply Online for a My Wallet Loan?

My Wallet is a company that aims at providing top-quality credit lending services to South Africans. They understand that sometimes the need for finance cannot wait. For this reason, they work very hard to make the loan process as fast as possible. For instance, if you find yourself in a medical emergency and you need to pay for medical expenses that cannot wait. With a My Wallet loan you might be able to have the money in less than 24 hours.

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In order to speed the process up, the web developers of My Wallet Cash Loans have created an online application for you to complete online. In this form, you will have to enter your personal information, such as your name and ID, and your financial information: how much you earn and the like. The documents that will be requested (we will talk about requirements below) will be uploaded in this form. In this way, you won’t need to go to a branch of My Wallet. All you need to do will be done online. After you complete this application, My Wallet will contact you to inform you about their decision and the offer they can make you.

What are the Requirements for a My Wallet Payday Loan?

A payday loan is a type of financial instrument that helps you cover for an expense you did not budget since it was not planned. This expense can be the cost of replacing a tyre of your car, for example. You take out a payday loan to buy the tyre and you pay it back when you receive your salary in a single installment or in up to six installments (depending on the lender).

My Wallet offers short-term and long term loans with fixed and convenient interest rates. These are the requirements you need to meet to be able to request a loan at My Wallet Cash Loans:

  • Copy of your ID (it has to be of South Africa)
  • The Latest three bank statements (this means that you have to own a bank account under your name)
  • The Latest proof of income (payslips)

Once you provide My Wallet with these documents, the lender will start verifying them. Also, they will run affordability and a credit record check on you to assess if you are able to repay the loan.

4 Qualifying Criteria to be Eligible to Complete My Wallet App Process

My Wallet Cash Loans is a credit lending company that is registered with the National Credit Regulator. This means that they absolutely have to comply with the rules and norms established by the National Credit Act. This piece of legislation was passed to ensure that credit transactions are carried out in a transparent way to protect customer’s security.

All financial companies that meet the standards set by the NCR have to perform affordability and credit history checks on their customers to evaluate if they will safely be able to pay back the loans they request. “Safely” means that you can pay back the loan without having financial problems; paying the loan and still be able to pay for your rent, your food, your children’s education, etc.

To be eligible to ask for the loans offered by My Wallet Cash Loans you will need to meet the following 4 qualifying criteria:

  1. Being a resident of South Africa
  2. Being over 18 and less than 65 years of age
  3. Being formally employed
  4. Earning more than R3 000 a month

The money you borrow from My Wallet can be used for any reason you want. You can use it to buy something you need, to cover for an unplanned expense or even to take a holiday or send one or your children to university. You decide what to do with the money.

Where can you Find a My Wallet Cash Loans Office in Queenstown?

You won’t need to visit the offices of My Wallet Cash Loans since, as we told you above, you can apply completely online. This means that you can take out a unsecured or secured loan at My Wallet wherever you are in South Africa.

However, there are some of us who prefer to have that face-to-face contact before making investement loans decisions. If this is your case and you live in Queenstown you will be able to do that since they have their main offices at Shop 11, Walker Square, 42 Midblock Road, Queenstown.

Is there a My Wallet Cash Loans Branch in East London?

Fortunately enough, My Wallet has five branches in the Eastern Cape. Two of their offices are in East London. If for any reason you want to go pay them a visit, write down their address:

  • 128 Oxford Street, East London, Eastern Cape
  • 20 Devereux Avenue, Vincent, East London, Eastern Cape

What are My Wallet Cash Loans Contact Numbers?

If you need to know more information about the products mentioned in this article, you are invited to leave your questions or comments below. We will be thrilled to read you and do everything we can to help you out.

But, you may prefer to contact My Wallet Cash Loans directly. Here are the contact numbers and e-mail address:

  • Phone: 0107860117
  • E-mail:

Whatever your plans or your needs, you can meet them with a My Wallet Cash Loans. Now that you read this article you know what products you can request from them, what documents and qualifying criteria you need to meet, and how to contact them in case you want to ask them a question or you have a doubt. 

Preguntas Frecuentes

How much money I can borrow?

With My Wallet Cash Loans you can borrow up to R2 000. Repayment options are convenient and customized to your needs. The aim of this company is to provide for fast extra money to help you achieve your goals in life

Is this company reliable?

This company is registered with the National Credit Regulator. They adhere to all the regulations established by the NCA and enforced by the NCR. This means that they cannot charge higher interest rates than the ones permitted by this governmental organization and that all transactions will be performed in a transparent and straightforward manner.

How much will it take to have my money on my bank account?

If you have a bank account on Nedbank, FNB, Absa, and Std, the money will be transferred into your bank account in less than 24 hours after your loan application is approved by My Wallet. If you have a bank account in another bank, the money will be transferred in 48 hours.

I want to apply for a loan of R2500.

The maximum amount of money that you can ask for at My Wallet Cash Loans is R 2,000. In order to apply for these loans, you will have to either call them or visit one of the five branches located in Queenstown, Vincent, East London, and Mthatha. You can also leave them a message online.

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