Payday Loans

Receive a discount on your interest & fees on your first application!

First Time User Normal User

How much would you like?

max R3000

When do you get paid?

Your repayment duration is

and the total amount is due on:

MINIMUM SALARY REQUIREMENT R10000

Borrowing + Interest & fees Total to repay:

FEE BREAKDOWN: Inititation Fee: | Admin Fee: | Interest: | VAT: | Debicheck Fee:

Safe & Secure Application Process

Take Note we only use DEBI-CHECK Debits that needs to be pre-authorised by consumers before Payday Loans processing.

Please use correct Salary Date as per your Bank Statement

Operating Hours are Mon-Fri 6am to 3pm and Sat 8am to 9am.
Due to Debi-check we approve and pay out loans daily at 12H00 and just before 15H00.

APR

3% per month (which equates to 36% APR).

RENEWAL POLICY

No Renewals of Loans are automatic. All New loans are subject to employment and affordability criteria. A Consumer will qualify for the same amount if it is paid successfully for 3 times. Thereafter limit may be reviewed depending on consumer’s Financial circumstances and affordability. No additional fees are charged to Renew a loan. Each loan carries its standard fees in terms of Chapter 5 of the Credit Act No 34 of 2005.

COLLECTION POLICY

All Collections are done by NAEDO Debit orders and soon to be introduced AC (Authenticated Collections) via FNB.

NON-PAYMENT

Non-payment will result in a R60 service fee charge if the loan is arrears for 30 days. Additional Interest of 3% per month may also be added for up to 2 months. After this the Debt will be handed over to our external collection agency and their Attorneys. Not paying your loan could impact your Credit Rating and make it difficult to qualify for finance at other Credit Providers.

EXAMPLE

If R2000 is borrowed for 20 days.
Initiation Fee: R265.00
Service Fee: R40.00
Interest: R45.30
VAT: R42.70

Total to Repay: R2393.00