| Parameter | Value |
|---|---|
| Minimum amount | R500 |
| Maximum amount | R4 000 (first loan) |
| Term | Up to ≈ 35 days for first-time clients (payday-aligned) |
| Interest rate | Within NCA cap for short-term credit (currently up to 5% per month on first short-term agreement of ≤ R8 000) |
| Initiation fee | NCR cap (currently up to R165 + 10% of amount above R1 000, max R1 207.50) |
| Monthly service fee | Up to R69 incl. VAT (NCR cap) |
| Credit life insurance | Optional, capped premium |
Borrower requirements
- 18 years or older.
- South African resident with valid SA ID.
- Active South African bank account in own name (Capitec, FNB, Standard Bank, Absa, Nedbank, TymeBank, Discovery).
- Verifiable income — latest bank statement (typically 3 months).
- Active mobile phone for OTP.
Cost-of-credit example
For an illustrative R3 000 short-term loan repaid in 30 days:
- Interest @ 5% per month = R150
- Initiation fee = R165 + 10% × (R3 000 − R1 000) = R365
- Service fee = R69
- Credit life insurance (optional) ≈ R6
- Total repayable ≈ R3 590
Risk warning. Short-term credit is expensive on an annualised basis. If you cannot repay on the agreed date, you will incur penalty interest, possible debit-order fees and a credit-bureau listing. Use short-term loans for genuine emergencies only.