Get a cash loan of up to R150,000 in only thirty seconds. Need to make ends meet? Then an option to aid, such as a pay day loan, is available. Because the requirements of each individual are unique, we provide a variety of loan amounts ranging from R100 to R150,000. You may be eligible for a loan today if you are a citizen of South Africa, at least 18 years old, currently working, and have a bank account.
Rates as well as one-time expenses for starting coverage might change according on the particular risk profile of each customer. The length of time given to make payments on a personal loan might vary anywhere from three months to a maximum of six years. There is a maximum annual percentage rate of interest that may be charged, which is currently set at 28 percent (compounded monthly).
If a loan of R10,000 is taken out at an interest rate of 28 percent per annum, along with a monthly admin rate of R45 and an administration fee of R150, the total cost of the loan will be R13,490, which corresponds to an annual percentage rate (APR) of 34.9 percent. The monthly admin rate is calculated as follows: Rates as well as one-time expenses for starting coverage might change according on the particular risk profile of each customer.