Sassa Loans For Child Grants: Frequently Asked Questions
Sassa Loans for Child Grants: Don’t be left in the dark. Get the answers to your frequently asked questions here.
How do I qualify for a Sassa loan for child grant
If you are a South African citizen, you may qualify for a Sassa loan for child grant. This loan is available to help you with the costs associated with having a child, such as medical expenses, childcare, and education. To qualify, you must be employed and earn a certain amount of money each month. You will also need to have a good credit history and be able to repay the loan in full within a certain period of time.
What is the maximum amount I can borrow from Sassa for a child grant
If you are the primary caregiver of a child, you may be eligible for a child grant from Sassa. The maximum amount that you can borrow from Sassa for a child grant is R1 700 per month.
How do I repay a Sassa loan for child grant
If you have received a loan from Sassa in order to cover the costs of your child grant, there are a few different options available to you when it comes to repaying the loan. The first option is to simply repay the loan in full, with interest, as soon as you are able. You can do this by setting up a direct debit from your bank account, or by making regular payments into a Sassa account.
If you are unable to repay the loan in full, you can also enter into a repayment plan with Sassa. This will involve making smaller payments over a longer period of time, until the loan is repaid in full. You will need to make an initial payment towards the loan, and then make regular payments until the balance is cleared.
If you are struggling to repay the loan, or are unable to meet the terms of your repayment plan, you can contact Sassa and request a review of your circumstances. This may result in your repayment plan being extended, or your loan being written off altogether.
What is the interest rate on a Sassa loan for child grant
The interest rate on a Sassa loan for child grant is 0%.
Are there any other fees associated with a Sassa loan for child grant
No, there are no other fees associated with a Sassa loan for child grant.
How long do I have to repay a Sassa loan for child grant
If you receive a Sassa loan for your child grant, you will have to repay the loan within 12 months. The repayment period begins on the date that the loan is disbursed to you.
What happens if I can’t repay my Sassa loan for child grant
If you can’t repay your Sassa loan for child grant, don’t worry! There are a few things that could happen.
The first thing that could happen is that your loan will go into collections. This means that a debt collector will try to contact you to get the money that you owe. If they are successful, they will likely take the money out of your bank account or garnish your wages.
The second thing that could happen is that your credit score will go down. This can make it difficult to get loans in the future.
The third thing that could happen is that you may have to pay a late fee. This is usually a small amount of money, but it can add up over time.
Don’t let these things scare you! If you can’t repay your Sassa loan, just remember to stay calm and contact Sassa for help.
How often can I apply for a Sassa loan for child grant
If you are the primary care giver of a child, you may be eligible for a Sassa loan. This loan is meant to help with the costs associated with raising a child. You can apply for a Sassa loan once every six months.
What supporting documentation do I need to apply for a Sassa loan for child grant
There are a few things you’ll need to provide in order to apply for a Sassa loan for child grant:
-Your child’s birth certificate
-Proof of your income (e.g. payslips, tax returns)
-Proof of your expenses (e.g. utility bills, rent/mortgage payments)
-A completed application form
If you have all of the required documentation, the process is relatively straightforward. However, if you’re missing any of the above items, it may delay your application or result in it being rejected outright. So make sure you have everything in order before applying!
Can someone else apply for a Sassa loan on my behalf for a child grant
If you are the primary carer of a child in South Africa, you may be eligible for a child support grant from the South African Social Security Agency (SASSA). This grant is means-tested, which means that your household income will be taken into account when determining whether or not you are eligible for the grant. If you are receiving the grant, you may also be eligible for a loan from SASSA to help with the costs of raising a child. If you are unable to apply for the loan yourself, someone else can apply on your behalf.