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.