Answers to common questions about borrowing with Brightminds Microlending.
We offer two short-term loan products: Cash Express, repayable within 1 month at a 25% flat interest rate, and the EasyFlexi Loan, repayable over 2 to 3 months at a 22% flat interest rate per month. Use our Loan Calculator to see estimated repayments for either option.
Loan amounts are subject to an affordability assessment. Our online calculator shows figures across the P500 to P6,000 range for illustration; your approved amount will be confirmed once your application has been assessed.
You will need: a 3-month bank statement, confirmation of employment, a copy of your ID or Passport, your current payslip, and proof of residence (a utility bill, lease agreement or affidavit).
Once your application and documents are submitted, our team reviews affordability and eligibility as quickly as possible. You'll be notified of the outcome directly.
Yes. Brightminds Consultancy (Pty) Ltd t/a Brightminds Microlending is a registered Non-Banking Financial Institution, licensed and regulated by NBFIRA.
Yes. After you apply or generate a quote, you'll receive a unique reference number you can use to track your application status.
Please contact us as soon as possible if you anticipate difficulty repaying. Borrowing more than you can afford to repay can lead to financial difficulties — we encourage responsible borrowing in line with NBFIRA regulation.
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