These are quick access, easy application loans. No documentation required. Apply anytime 24/7, get paid into your MoMo wallet immediately upon successful application.

Anyone, who is MoMo registered, have a south African ID. Be over the age of 18 years. Natural person.you will be advised of eligibility, to increase your chances of eligibility you need to be an active MoMo wallet user.

Login on MoMo App/USSD, apply, check if you are eligible, if you are eligible, click on the Apply Button. Complete the application screens. 

Step 1- Log into MoMo, register for MTM MoMo
Step 2-Go to loan Menu.
Step 3-Select Qwilkloan by JUMO
Step 4-Accept T & C, consent clause.
Step 5- Apply for a loan, if eligible, select amount
Step 6- Accept Quote and Agreement
Step 7- Funds disbursed.

Yes, dependant on your eligibility and affordability assessment outcome, a customer can apply for more than one loan at a time.

No documentation is required for Qwikloan, the credit provider will advise you of your eligibility for a loan.

A customer will be able to manually pay back their loan before or on the due date. There will also be an auto repayment scheduler facility that customer can set-up for instalment repayment and repayment of overdue accounts. The repayments will be made from the customers MoMo wallet.

Register on MTN MoMo, you will be advised of eligibility, to increase your chances of eligibility you need to be an active MoMo wallet user.

To increase your chances of eligibility you need to be an active MoMo wallet user. Meaning if you don’t qualify you must continue to use your MoMo wallet to transact, increasing your chance of qualifying for a loan. As you repay your Qwikloan you will build a healthy credit profile increasing your chances of qualifying for larger value loans.

Yes, this Loan product is National Credit Regulator (NCR) compliant and thus related fees and charges will be applicable. But we offer low interest rates thus making the loan affordable

If you log into your MoMo account and apply for the loan and qualify you will be provided with a repayment quote. You can either continue with the application or cancel.

Yes, you can go into you MoMo app and your active loan will appear under loans, you can click on repay loan, and choose what amount you want to repay or settle in full.

Yes, if you are a registered MoMo customer, you may apply. Remember MoMo customers don’t have to be on the MTN network to registered for MoMo.