sASSA loans
SASSA is a South African Social Security agency which provides social grants to those who are under the poverty line and unable to get basic needs of their life. But the news which is circulating throughout the country that SASSA is providing loans to grant beneficiaries isn’t true. This is clarified on SASSA official channels that they are not providing any kind of loan. We see on our google search engine and many rumors are circulating that SASSA is providing loans via cellphone. In this article we will navigate the truth or fiction about SASSA loans via cellphone.
Loans For Recipients of SASSA:
This is absolutely false that SASSA is providing loans itself to their beneficiaries who are under the poverty line. But some lenders and microfinance institutions offer loans especially targeting SASSA beneficiaries. They will consider your grant payment as your monthly income for eligibility reasons. These loans will come with their own terms and conditions and policies as these are not specific loans from SASSA.
Read More: SASSA Application Appeal Process
Disinformation and Scams:
Be careful about rumors which are spreading on social media about “SASSA loans” through your phone. These might be scams in order to take advantage of your financial weakness. SASSA is informing on their official channels about such schemes that you must beware of them and is actively giving them warning.
Lack of Certainty Regarding SASSA Grants:
There is some confusion new beneficiaries are facing regarding SASSA grants and their terminology. As grants provided by SASSA are not refundable and those are for their help in order to meet their daily expenses to live a happy life.
Substitute of Quick Loans:
Although legit lenders some microfinance organizations are providing loans with their own terms and policies while SASSA itself is not providing any kind of loan to their beneficiaries. However, by following cautions you can beware of potential scammers. Remember that by planning your entire month’s finances and using alternative support you can avoid any kind of loan for your entire life.
Conclusion
Remember that don’t even give your personal or banking information over the phone to anyone who claims that they are providing a loan on behalf of SASSA. As it might be a scam. However some legit organizations are providing loans such as shoprite and capitec. You can reach them if you really need a loan. If you are looking to check the status of your grant visit statussassa.com.