Rating based on 4 reviews

Magma Loans

  • Payday loans up to R3,000
  • Easy online applications
  • Repayment up to 60 days

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Magma Loans homepage
Author Magma Loans. Screenshot of Magma Loans website.
[Accessed June 22, 2020]

About Magma Loans

Magma Loans aim to give you the best payday loans available on the South African market.

Our sole purpose is to please our clients and give them exactly what they need. We are here to provide you with great service that you can count on when you need it the most.

Magma Loans understands your situation. We know that sometimes things go wrong. We also know that the things that go wrong can cost money. This is where payday loans are a great option to help you make things right.

They work with your affordability and income schedule to allow you to get the most out of them. They’re highly flexible and affordable. They’re just what you need to get back up on your feet again.

What we offer, besides loans

Our company is all about convenience, speed, and security. We bring you convenience through our online services. Our online loan application process is completely automated. This means you can apply any time of day and you’ll receive a quick response.

We also offer advice over the phone 5 days a week. And as icing on the cake, we offer a chat service where our consultants will address any of your queries. Our personal cash loans can be deposited directly into your account after approval.

Fast application process

Our fast application process means you’ll have a response within minutes of applying.

If you’re approved, you’ll be asked to accept the terms and conditions of the loan through an electronic signature. If we receive all these before our cut-off time then you’ll have your loan on the same day.

Magma Loans Services

It’s not just what Magma Loans can offer you. It’s also about what we can do for you.

We make payday loans a breeze. Easy to apply for. Easy to understand. Easy to pay back. Our goal is to make the process simpler and easier, just for you.

We do this through our consultants who offer in-depth explanations and answers to any questions you may have. We want to be transparent with you and this is our way of doing it.

All about our payday loans

Magma Loans offers fast loans up to the value of R3000. What’s better than that, is that we allow customers to repay within 60 days. This helps you by giving you an extra month to get your finances together.

We want to help in any way that we can and this is why we allow the 60-day repayment term.

Magma Loans understand which is why we provide you with short-term loans that are a convenient way to access money, whenever when you need it.

How to apply for a payday loan

To apply, you first need to meet our requirements. You have to be employed full time and your salary must be at least R3500.

You’ll need proof of income, in other words, a payslip. And lastly, you’ll need your bank account details and a South African identification number.

Once you have all these, just select the value of the loan you’d like to take out. Also, select the loan period.

Our payday loan calculator will show you the repayment amount, fees, and interest rate before you apply. If you are happy with your loan, click apply now.

Magma Loans – Payday loan

  • Loan Type Payday loans
  • Loan Amount up to R3,000
  • Repayment 7 days to 60 days

Benefits of Magma Loans

  • Quick online loan applications
  • Apply for a payday loan up to R3000

Payday loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Magma Loans making payday loans simple for you

Our online services and call centers are available for your convenience.

We also have a Facebook and Twitter account. Our customers use these pages to leave reviews and comments. Having more than one platform allows us to communicate with you more easily. It allows us to receive more feedback and we’re grateful for this opportunity.

Security of your information

We’re very serious about the safety of your information. We want to ensure the protection of your internet privacy. We have a clear and concise privacy policy that explains all that we do to protect you.

We also want you to understand why we collect the information and what we do with it. We use it to understand our customers better. To know more about our clientele and to tailor our services to better suit your needs and wants. We’re here to help you get a quick payday loan.

Our credentials and accreditations

We’re an accredited firm and are therefore regulated by the National Credit Regulator and update our regulations on an annual basis. Magma Financial Services (Pty) Ltd is here to bring you the instant cash loans you need.

We were established to provide you with short term loans and advice to help manage your money. We lend to all South Africans who qualify and we’ll provide you with the most convenient options. Our loans are easy to apply for. So if you need one, get one today.

Customer Reviews & Testimonials

Magma Loans has such an easy to understand website

Jeremy F
— Midrand —

October 2019

I am so pleased with the 60-day repayment plan

Aviwe C
— Rustenburg —

September 2019

My loan came through within hours and I was so pleased as I needed it

Anneke W
— Pietermaritzburg —

Magma Loans Contact

Physical Address

Opening Hours

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