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Please note that all our lenders are registered with the National Credit Regulator (NCR).
Fees and interest charged in terms of chapter 5 of the National Credit Act (NCA) no 34 of 2005:
Initiation Fee of 15% of the Loan Amount up to R1 000, thereafter 10 % (+ VAT) Services Fee of R50 per month (+ VAT)
Interest charged: Per Day: 0.17% Per Month: 5% Per Annum: 60%
PLEASE NOTE: Every Lender has their own policy - this is only a guideline for a cash loan. Our various lenders offers personal loans up to R250 000.
Loan amount: | R1 000 |
Term: | 1 month |
Initiation Fee: | R150 |
Services Fee: | R57 |
Interest: | 32.74% |
Total Instalment: | R1 474 |