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.
