Personal Loan

Between R4 000 and R150 000

Some important loan conditions to take note of are as follows:

  • Please only apply if you have a 100 % clear credit record
  • No credit bureau listings.
  • Only 100% clear credit record.  Consent to credit check.
  • Maximum age is 65.
  • Must have permanent source of income  –  minimum R3 000 per month.
  • Employed clients  – copy of latest payslip required.
  • Self-employed clients  –  3 months latest bank statements and pay advice required.
  • Must be willing to be marketed to, but can opt out at any stage.
  • Loan amount must be paid by EFT into the bank account into which the monthly income is paid.

If you do not have a clear credit record, please do not apply as you would be automatically declined.

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Fixed repayment amounts
Loan amount Over 24 months Total amount repayable Over 36 months Total amount repayable Over 48 months Total amount repayable Over 60 months Total amount repayable Over 72 months Total amount repayable
5000 402 9638 326 11725 289 13880 268 16099 0 0
20000 1327 31854 1041 37461 903 43322 824 49426 774 55757
40000 2515 60361 1958 70482 1690 81100 1536 92189 1441 103719
60000 3703 88867 2875 103504 2477 118878 2249 134952 2107 151681
80000 4891 117374 3792 136526 3264 156656 2962 177715 2773 199642
100000 6078 145880 4710 169548 4051 194435 3675 220478 3439 247604
120000 7266 174387 5627 202569 4838 232213 4387 263241 4105 295566
140000 8454 202893 6544 235591 5625 269991 5100 306004 4771 343528
150000 9048 217146 7003 252102 6018 288880 5456 327386 5104 367509

Loans are subject to the National Credit Act No.34 of 2005. All loan applications are considered and are subject to credit approval. The interest rate with regards to a Personal Loan varies between 25%** and 28%** per annum (compounded monthly). All loan include a once-off initiation fee of up to R 1 197** and a monthly service fee of R68.40**. Your rate and initiation fee will be determined according to your personal risk profile. For illustration purposes, the figures in this table are calculated at an interest rate of 28% per annum. The repayments indicated also include a monthly premium for the Personal Protection Plan of R4.50** per thousand of your loan or part thereof. ** Rates and fees are current as at 6 May 2016 and are subject to change at the discretion of the lender.