RATES AND FEES
NATIONAL CREDIT REGULATOR
We are a registered as credit provider with National Credit Regulator (NCR). The repayments on our Short term loans are in line with NCR guidelines. Please refer to the example below:
| LOAN AMOUNT | Initiation fee | Service fee | Interest | TERMS | TOTAL REPAYMENT |
|---|---|---|---|---|---|
| R 500.00 | R 75.00 | R 108.00 | R 25.00 | 30 Days | R 708.00 |
| R 1000.00 | R 150.00 | R 108.00 | R 50.00 | 30 Days | R 1308.00 |
| R 2000.00 | R 265.00 | R 108.00 | R 100.00 | 30 Days | R 2473.00 |
| R 3000.00 | R 365.00 | R 108.00 | R150.00 | 30 Days | R 3623.00 |
Note: the above table is only an example and it should only be viewed as such. Contact us for comprehensive quotation.
LATE PAYMENTS
NON PAYMENT
Continuous non-payment of your loan will result in additional charges being debited to your account. After 60 days of non-payment, your account will be handed over to external debt collecting attorneys. The attorneys may add further charges to your account. And your credit rating will also be negatively affected.
LOAN RENEWAL
Clients may renew their loans for as long as they require the funds. The loan renewal may be done after every successful collection. There is no waiting period.
CREDIT LIMIT INCREASES
We review credit limits every time the client makes a request upon renewing their loans.
“We are aware that scammers occasionally attempt to target legitimate businesses like ours. To protect our clients and maintain the integrity of our services, we have implemented advanced fraud detection systems. Any fraudulent activity identified will be reported, thoroughly investigated, and prosecuted in accordance with the law.”
“If you are applying for a loan, please ensure that all application requirements and verification processes are followed to help us deliver a consistent, efficient, and excellent service experience for all our valued clients.
