Rating based on 7 reviews


  • Short-term loans up to R5,000
  • Low-interest up to 38%
  • Repayment up to 90 days

In-page navigation

MyMulah homepage
Author MyMulah. Screenshot of MyMulah website.
[Accessed December 8, 2022]

About MyMulah

MyMulah is a well-known group of young skillful online analysis and microfinance specialists who cater to those in need of financial services and support in South Africa.

They are leading specialists in the financial market, which allows them to understand the current economic trends and their clients' needs.

How MyMulah works

For those struggling to make ends meet at the end of the month, MyMulah has the perfect solution. They offer short-term loan solutions that are easy to apply for and safe to use. Instead of working with a mediator, the MyMulah team provides a simpler form of attaining a loan using their online platform.

How they determine products to give to applicants

They use an online scale that shows them the potential risk factors and the amount of credit the client qualifies for. The scale makes it possible for them to make accurate conclusions about each individual's affordability, which protects them as the provider and allows clients to receive affordable repayment options.

MyMulah Services

The main product offered by MyMulah is short-term loans, as their goal is to help those who urgently need access to funds to pay unexpected large bills.

They provide two quick loan products: New clients can borrow up to R4000 and repay it within one month, and existing clients can borrow up to R5000 with three months to repay.

A quick and secure online application process

The entire application process can be completed within seconds using the MyMulah online platform. Part of this process is the credit check which allows for a much faster approval time. The only thing clients need to provide to apply is their employment status and their South African ID number.

Once approved, Mulah transfers the money directly into the client's bank account. If the applicant receives approval before 3:00 pm, they receive their money on the same day.

Banks approved by MyMulah

MyMulah can only approve loan applications if clients have accounts from the following South African banks:

MyMulah – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate up to 38%
  • Loan Amount up to R5,000
  • Repayment 1 day to 90 days
  • Decision 24 hours
  • Monthly Service R165

Benefits of MyMulah

  • Easy online application
  • Flexible repayment plans
  • Competitive interest rates

Short-term loan calculator

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

My Mulah offers short term loans for South Africans

Only applicants that are South African citizens will qualify for a loan.

Additionally, they need to provide proof of regular income and have a valid bank account where the salary gets deposited monthly. Applicants need to provide an ID that reflects that they are over 21.

A 7-step online application process

  1. Calculate your loan amount and term
  2. Fill in the online application form
  3. Mail or fax a copy of your ID and three months of bank statements
  4. Perform a quick credit check
  5. Receive notification about the application result via SMS or email
  6. Accept the offer and sign the contract.
  7. The total amount gets paid directly into the applicant's bank account.

Service fees

Clients have to pay a small service fee of R60 per month and an initiation fee of 15% for loans under R1000. Loans above R1000 get charged an R165 service fee and a 10% initiation fee. MyMulah provides one of the most affordable loans in South Africa.

The interest rate charged on MyMulah loans

Mullah has a fixed interest rate for the entire length of the loan. The amount charged will be made clear in the contract presented to the client and can be discussed before accepting the offer. Interest-rate at Mulah is set at 0.17% per day.

The company calculates interest on the daily outstanding balance but will never exceed the limitations proved by the National Credit Act 34 of 2005. All clients are charged interest on the initial amount of money borrowed according to the loan agreement and continue until the entire settlement is repaid to Mulah.

MyMulah repayment terms

All short-term online loan payments at MyMulah get collected via debit order. Clients receive one month to repay their loan amount, so when their next payday arrives, they will have to refund the entire loan amount. Existing clients receive an extended period of 3 months, which will lower the installment amount.

Late repayment terms and conditions

Clients who cannot make the repayment on time will have to pay interest on the amount from when it is due until the payment gets made. The interest rate stays the same as the rate agreed upon when signing the contract.

Top-up your current loan

Those who can repay their current loan, but need to take out an additional amount for the next month or two, can contact Mullah and request a top-up. Clients need to reach out before the repayment date so that Mulah can make the necessary adjustments. They will inform them about any additional fees charged for making the changes to the agreement.

man holding thumbs up

MyMulah is a trusted & reliable provider of short-term loans

In our review, MyMulah adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ MyMulah is a registered credit provider in South Africa: FSP 2897

Customer Reviews & Testimonials

June 2021

They have helped me in more ways than one. Whenever I have a query I can always phone them and be happy with my response.

Molefe L
— Pretoria —

October 2021

Not my first time borrowing from My Mulah and will use them again in the future as the best short-term loans provider.

Mabaso J
— Johannesburg —

November 2021

The best short-term loan provider in South Africa. l totally recommend them.

Ngema L
— Pretoria —

MyMulah Contact

Physical Address

  • Block A, Waterkloof Rand Corporate Park, 358 Buffelsdrift St, Erasmusrand Pretoria Gauteng 0181 South Africa
  • Get Directions

Postal Address

  • P.O Box 1614 Groenkloof, Pretoria, 0027, South Africa

Opening Hours

  • Monday 08:00 – 16:30
  • Tuesday 08:00 – 16:30
  • Wednesday 08:00 – 16:30
  • Thursday 08:00 – 16:30
  • Friday 08:00 – 16:30
  • Saturday – Closed
  • Sunday – Closed