| Parameter | Value |
|---|---|
| Minimum amount | R500 |
| Maximum amount (first loan) | R4 000 |
| Term | 5 – 41 days |
| Interest | Within NCA cap (up to 5% per month on short-term credit ≤ R8 000 on a first agreement) |
| Initiation fee | NCR cap (up to R165 + 10% of amount above R1 000) |
| Service fee | Up to R69 incl. VAT/month (NCR cap) |
| Credit life insurance | Optional, NCR-capped |
| Collection rail | DebiCheck debit order |
| Income verification | TruID |
Borrower requirements
- 18 years or older.
- Valid SA ID.
- South African resident.
- Active SA bank account in own name.
- Latest 3 months' bank statements (or TruID consent).
- Active mobile phone for OTP.
Cost example
For an illustrative R3 000 loan over 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 loans are expensive on an annualised basis. Read the full pre-agreement quotation; settle the loan on time to avoid penalty interest and credit-bureau listings.