Mulah offers innovative microfinancing to South African citizens, helping them out when they are cash-strapped and making the application process as quick and user-friendly as possible.

Mulah specializes in short-term financing and payday loans. The loans are quick to apply for and you don’t have to sign your life away to get the money.

You apply for a loan and they work out the amount of money you can qualify for. Then you authorize them to take the money back on payday. (Or a date within 30 days of the loan being granted.)

How Mulah Works

All you need to do is to register on the site. Then use the sliding calculator to figure out how much you want to apply for. As you move the slider, you get to see exactly how much the repayment will be.

If you are happy with the amount and the fees charged, you simply apply for the loan. You will then need to fill in your personal details, including your full names, ID number and banking details.

The company then does a credit check. You will get an SMS to let you know if the application has been Mulah Loansapproved or not.

If it is approved, the money is transferred to your bank account straight away.

Repayments are simple – this is a payday loan, so the amount is taken off in one sum on your payday.

Why is a Mulah Payday Loan Different?

Your credit payment history is not as important with a payday loan because the money is taken off in one amount. So, there is not as much emphasis on whether or not you pay your accounts on time.

That does not mean to say that you won’t be properly vetted. You will still need to pass the affordability tests to ensure that you can comfortably repay the amount on the day you select.

The company does not support reckless lending but is more lenient than a bank would be. That said, be advised that payday loans are usually more expensive than your standard bank loan. The advantage here is the application is fast and you see upfront how much you will pay.

How Much Can I Borrow from Mulah?

To start off with, new clients can borrow a maximum of R2 500. As you establish a good payment record with the company by paying your loans off on time, you may qualify for up to R8 000.

It is very important to remember that this amount will depend on how much you can afford, so even with a sterling payment history, you might not qualify for the maximum.

What Can I Use the Money For?

That is another difference between payday loans and regular financing – you can use the money for whatever you like. In fact, they won’t even ask you why you are applying for the loan.

Can the Loan Term Be Extended?

All the loans are repayable within 30 days of being granted. If you want to apply for an extension past this date, you need to contact the company before the funds are due. Just be aware that the extension, if granted, will be treated as a new loan application.

You will pay the same fees and have to undergo the same application process again.


All info was correct at time of publishing