About Us

Vela Cash Loans

About Us

000202Vela Cash Loans is based in Mthatha in the Eastern Cape and provides short and long term loans. We have gained a reputation for being a trusted financial service provider, offering quick access to cash at competitive interest rates. Vela Cash Loans was founded by Mbulelo Welcome Kozana in 1999, a one time a collection officer who has built a reputation among his community as running a company which goes out of its way to help those in need.

Our Services

000204We offer small cash loans, quick loans, easy loans, and fast loans:

  • Short term loans, at a rate of 30% interest, repaid in full in one month or less
  • Long term loans, at a rate of 70% interest, repaid in installments over either 6 or 12 months

Do You Qualify for a Loan?

When applying for a Loan from our Company, Clients must:
*Be permanently employed
*Be able to provide pay slips for the previous three months
*Have a personal bank account into which their salary is deposited at the end of each month
*Provide previous three months bank statements
*Have a clean credit record
*Produce a certified copy of their ID
*Provide proof of residence
Once clients have applied for a loan, their application will be processed and we will inform them as to whether or not their application has been approved. In the event that a client’s application is approved, the amount which he/she has applied for will be deposited into their personal bank account within 24 hours.
Vela Cash Loans has the right to refuse any clients who do not meet the above requirements. Legal action will be taken against any clients not making payments on time, as well as those who are inaccessible should we need to contact them, and penalty fees will be charged as well.

Contact Details

Tel: 047 531 4148 / 047 532 4374

Cell: 083 751 9627 / 083 556 6409 / 083 465 9824

Fax: 047 531 4148 / 047 531 2499

Physical Address: 76 Madeira Street, Mthatha, Eastern Cape

Postal Address: P O Box 1057, Mthatha, Eastern Cape, 5100

Email: lutho.vela@telkomsa.net