How To Get SASSA Easypay Green Card – Apply Online

Post category:Guide / SASSA

Do you not know if the term “SASSA EasyPay Green Card” refers to the SASSA card or another bank card connected to SASSA? If so, today will put your misunderstanding to an end.

Easypay Green Card is not associated with SASSA; it is an independent company. The SASSA said that they are not associated with Easypay.

Easypay Green Card is a financing service provided by MoneyLine, a subsidiary of Net1 Company.

What is EasyPay Green Card?

In South Africa, a private company called EasyPay lends money to borrowers with interest. EasyPay declared in an official statement that they would only accept loan applications from SASSA beneficiaries. People misinterpreted this statement, thinking that SASSA was using EasyPay to provide loans to its recipients.

EasyPay specified the eligibility requirements before granting the loans. Because SASSA recipients receive their grant money directly into their accounts each month, they meet the requirement of having a monthly income to be eligible for a loan.

It doesn’t mean that EasyPay and SASSA are directly related. Furthermore, SASSA grants are not associated with the debit card that EasyPay issues, referred to as the EasyPay Green Card.

Check SRD Status Online

Is SASSA Connected with EasyPay?

No, SASSA has declared that it is not connected to EasyPay. The following claim is what caused this misconception.

As stated by EasyPay, “If EasyPay cardholders need to get EasyPay loans, then they ought to be the SASSA SRD supply holder first.”

The announcement that SASSA is providing loans in partnership with EasyPay is unclear. However, such an issue does not exist in any way.

Different B/W SASSA Green Card & EasyPay Green Card

It’s critical to understand how the two vary to make wise financial decisions. These might consist of:

Issuing Organization: While the EasyPay Green Card is issued by the personal economic services company EasyPay, the SASSA card is issued by the South African Social Security Agency.
Purpose: The SASSA card facilitates transactions by providing beneficiaries with a reliable means of receiving their grants. Like a debit card, the EasyPay Green Card is a prepaid card for general financial management.
Eligibility: Only those who meet specified requirements can receive an SASSA card. This could involve things like age, disability, or financial standing. There are terms and limitations regarding the eligibility requirements of the EasyPay Green Card.

How Does EasyPay Loans Work?

The SASSA grant recipients must first apply for an EasyPay green card to be eligible for the loan. The person who receives the card can apply for loans ranging from R410 to R1050. This card will assist the borrower in obtaining a loan and offer a simple and convenient method of receiving and handling the funds from the loan.

Six months are given to you for loan repayment after you receive it. Compared to traditional loan firms in South Africa, the interest rate is approximately 164%, and the service cost is approximately 31% of the initial amount.

How to Apply for an EasyPay Green Card?

You are now fully aware of the relationship between Easypay and SASSA. If you would still like to apply for an EasyPay green card, please complete the steps listed below:

Go to the Net1 Financial service branch that is closest to you.
Don’t forget to add your cell phone and any required FICA paperwork.
Identity document: RSA green barcoded ID book or smart ID card.
Address verification, like a current utility bill or bank statement. It needs to be dated no more than three months ago.
Have a consultation with a branch consultant.
Complete the EPE card application procedure.

That is all. Usually, the procedure takes ten minutes. Please remember that you will have to use the interest from your monthly grant payments to pay back your EasyPay loan after it has been approved.

Summing It Up

The EasyPay Green Card and the SASSA card are two distinct financial products different companies offer. The SASSA card, distributed by SASSA, is intended for recipients of social grants and gives them access to manage their grant funds.

On the other hand, consumers can monitor their accounts and make purchases using the EasyPay Green Card, a prepaid card from EasyPay that isn’t associated with SASSA.

FAQs

No, Easypay, a private loan company, offers a different financial product called the SASSA Easypay Green Card. It is not the same as the South African Social Security Agency’s SASSA card.

No, your SASSA grant is not connected to the Easypay Green Card. It is not directly related to SASSA funding; rather, it is a prepaid debit card for general financial management.

The Easypay Green Card is not exclusive to SASSA recipients, despite Easypay’s initial announcement that they would only permit beneficiaries to apply for loans. The terms and conditions of Easypay determine eligibility.