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Understanding Sassa Grants & Sassa Loans

Social Assistance is an income transfer in the form of grants provided by government. A social grant refers to grants paid by the South African Social Security Agency that is: disability grant; grant for older persons and war veteran’s grant; foster child grant; care dependency grant; child support grant and grant-in-aid.

If Your Application For A Grant Is Unsuccessful

You must be informed in writing of the reasons for the refusal of the grant application, as well as your right to request the decision to be reconsidered within 90 days of notification.

Methods Of Payment

Once your grant is approved, you will be issued with a SASSA payment card. This card is used to access your grant money. If you wish to use alternative methods of payment such as • Banks including Postbank, or • Institutions, you must contact your nearest SASSA office Please note that the SASSA card is the only official social grant payment card Note: If you are unable to collect the grant yourself you may nominate a procurator to collect it on your behalf.

What Is A Means Test

In South Africa Social Assistance is subject to means testing which implies that SASSA evaluates the income and assets of the person applying for social assistance in order to determine whether the person’s means are below a stipulated amount.

This means test is a way of determining whether a person qualifies to receive a grant as grants are indeed meant for those who have insufficient means to support themselves. The means test varies from one grant type to another.

Tell me more about SASSA Loans Online?

Individuals can apply for a SASSA Loan at their nearest SASSA Office.

Loan amounts range from R240 to a maximum of R1000.

Loans are repayable between 1 and 6 months.

Getting a Loan with Bad Credit

Bad credit loans are also sometimes referred to as blacklisted loans and simply refer to a personal cash loan that is offered to an individual that has a bad credit history.

One way to get a loan from a bank when you are blacklisted is to offer up security in the form of your home or equity in your home.  Although with a bad credit rating it is difficult to get a loan at a cheap rate. This is Largely because of the risk associated to lending to clients with a low Credit rating. However the good news is, most south african loan companies offer loans for blacklisted people and even run debt consolidation programs for them to help them get back on their feet. Debt consolidation is basically putting all your various loans into one loan payment. This helps reduce the rate of default by the client.

On the other hand, offering security allows you to secured a personal loan with bad credit and a lower interest rate to boot. Another form of security is that of your vehicle, provided that you own it outright, you could use it to secure a loan quickly and easily.

Finally, if you’re looking for a small, unsecured short-term loan you could opt to make use of a bad credit lender who deals specifically with people who are blacklisted or have poor credit. This, although one of the only options for those with a tainted credit history may be significantly more expensive than a secured loan and will only offer you a small sum of money. This can be a blessing in disguise, Apply for a Loan today.

SASSA Debit Card with Postbank

The SASSA Account is linked to a Debit Card which will enable beneficiaries to transact electronically everywhere where a VISA or MasterCard logo is displayed.

The SASSA account will be restricted to the payment of Social Assistance and any other Social Security Related Benefits, as directed by SASSA.

Here are the facts about SASSA loans:

  • Section 20(0) of the Social Assistance Act, 2004 (Act 13 of 2004) states that it is unlawful to transfer/cede or pledge your social grant, meaning that it is illegal to put your SASSA card down as collateral for a loan
  • Money lenders can be arrested if they are caught in possession of payment cards used for surety for loans

When applying for a loan remember:

  • It is required, by law, for any and all money lending firms to display their NCR certificate. If you don’t see one, or if you request to see one and it is not made available to you, this should be a waving red flag
  • Credit providers should also display their NCR sticker on their premises
  • Money lenders often ask recipients to move over from their AllPay cards to the EasyPay Everywhere cards. SASSA has made it clear that if recipients choose to do so they will “not be under the regulatory protection” of the state