SASSA Loans
There is a noticeable chunk of SASSA beneficiaries searching for SASSA loans at the middle or end of the month when they have spent all their SASSA grant money.
It’s obvious that we all go out of budget often, but today you’re going to learn all about SASSA loans and their reality.
To make it short, note that there is no such loan scheme yet introduced by SASSA as this organization is purely built to provide grants to needy South Africans in their hard times without any return.
It’s a fact that SASSA doesn’t give loans to the public, but there are other ways a SASSA beneficiary can get a loan only when in need of quick money.
How Beneficiary Can Get SASSA Loans
As we are not authorized to tell you the loan schemes from third parties, however you can research on your own to get such benefits.
There are many third-party companies operating in South Africa providing temporary or short-term microloans to beneficiaries of SASSA.
But you must be aware that as all these loans are from third parties, SASSA doesn’t have to do anything with this, if you get any such loan, it will be totally your responsibility.
While taking loans from such companies, you are that company giving the loan agreeing on a contract that doesn’t involve SASSA.
So if you get into any problem or dispute with that company, you have to deal it with that company yourself, and in any type of loss of any legal action taken by that company, SASSA will not be responsible for this.
Also note that. All such companies are promoting these small loans on the name of SASSA loans, but in fact SASSA don’t have to do anything with this.
We don’t recommend taking any loans from these companies, nor are we encouraging or promoting any company to get you a loan from.
It will be truly your own choice, if you find any loan scheme, take it only if you are direly in need of emergency funds by taking into consideration precautions and it will be totally between you and that company.
You can’t use any of SASSA services like online application to get benefits from such loans nor you’re going to see your loan status on SASSA status check.
Try to spend only the grant amount you get from SASSA on a monthly basis, we also have to guide beneficiaries on how to manage finances.
Precautions
- Before taking any loan, take sometime to clearly read the consent or agreement between you and the company providing the loan.
- Always try to spend only the amount you get from SASSA while not believing in any service from any company promoting the name of SASSA.
- It doesn’t matter from which organization you take a loan, you have to pay it back on time to that company.
- All such loans will be temporary.
- If you’re taking such loans, keep in mind that the loan amount is going to be deducted from your monthly SASSA payments in your account.
Final Thoughts
Make your budget wisely when getting benefits from SASSA to get the maximum out of it, it’s highly possible to even save some pennies from the SASSA money if you know how to manage finances.
