| Parameter | Value |
|---|---|
| Amount | From ≈ R500 (short-term tier) to R250 000 (personal-loan tier) |
| Term | 3 to 72 months |
| Maximum APR | 60% per annum (NCA cap on unsecured short-term credit) |
| Initiation fee | Per NCR schedule — typically capped at R1 207.50 incl. VAT for unsecured agreements above R8 050 |
| Monthly service fee | Up to R69.00 incl. VAT (NCR cap) |
| Credit life insurance | Optional and disclosed pre-contract; capped by NCR rate |
Borrower requirements (typical across panel)
- 18 years or older.
- South African resident with valid SA ID.
- Active South African bank account in your name.
- Verifiable income (latest 3 months' bank statements or payslips).
- Active mobile phone for OTP and lender contact.
Example cost of credit
For a personal loan of R30 000 over 24 months at an APR of 28% (typical mid-panel quote, illustrative only):
- Monthly instalment ≈ R1 651
- Total interest paid ≈ R9 624
- Initiation fee (one-off) ≈ R1 207.50
- Service fee (monthly) ≈ R69
- Total cost of credit (interest + fees + insurance, illustrative) ≈ R12 477
- Total repayable ≈ R42 477
Mandatory risk warning. This example is illustrative only. The actual APR, fees and instalment depend entirely on the matched lender's affordability assessment. Credit can be expensive — never sign a credit agreement before you have read and understood the pre-agreement quotation (Section 92 NCA).