Finpug
Finpug.co.za is a South African loan comparison platform connecting borrowers with NCR-registered lenders. Learn who operates it, how it works, and how to verify lender licences.
How to Repay Your Finpug Loan: All Repayment Methods and Advice
Loan repayment is handled directly with the NCR-registered credit provider whose offer you accepted through Finpug. The specific repayment options available to you are determined by your chosen lender. The information below outlines the standard repayment methods used by credit providers operating in the South African digital lending space, which are typical of lenders found on the Finpug platform.
Repayment Methods
Your monthly instalment is automatically debited on the due
Your monthly instalment is automatically debited on the due date each month.
Ensure sufficient funds are available in your account before
Ensure sufficient funds are available in your account before the debit date to avoid dishonour fees (typically R120–R200 per returned debit, per NCA fee caps).
Many lenders use the DebiCheck rail
Many lenders use the DebiCheck rail — a Reserve Bank-regulated direct debit system that requires you to authenticate the debit order mandate via your bank's app or USSD before the first deduction. This protects you from unauthorised debit orders.
Make ad hoc payments before or in addition to scheduled debi
Make ad hoc payments before or in addition to scheduled debit order dates.
Request early settlement (see below).
Request early settlement (see below).
View your outstanding balance, payment history, and remainin
View your outstanding balance, payment history, and remaining instalments.
Dishonour fees: Your bank charges a fee (typically R120–R200
Dishonour fees: Your bank charges a fee (typically R120–R200) for a returned debit order.
Penalty interest: The lender may charge additional interest
Penalty interest: The lender may charge additional interest on the overdue amount, subject to NCA-prescribed caps.
Credit bureau reporting: Missed payments are reported to reg
Credit bureau reporting: Missed payments are reported to registered credit bureaux and remain on your credit profile for up to 5 years.
Legal action: Persistent non-payment may result in the lende
Legal action: Persistent non-payment may result in the lender issuing a Section 129 notice, followed by legal proceedings and potential judgment against you.
Early Repayment
- Make ad hoc payments before or in addition to scheduled debit order dates. - Request early settlement (see below). - View your outstanding balance, payment history, and remaining instalments.
Loan Extension
### 5. Payment Extension / Loan Rollover
Penalties
Under **Section 125 of the National Credit Act**, borrowers have the absolute right to settle an outstanding credit agreement early at any time, without incurring a prepayment penalty. To exercise this right:
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Finpug.co.za is a South African loan comparison platform connecting borrowers with NCR-registered lenders. Learn who operates it, how it works, and how to verify lender licences.