Quick and Easy Payday loans

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

First Time User Normal User Government Employee

max R3000

and the total amount is due on:
The repayment date is automatically set using your salary pay date
Borrowing + Interest & fees Total to repay:

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

The repayment date cannot be set to a weekend. Please adjust your repayment term.
Safe & Secure Application Process

Due to SARB and published Gazette the Micro lending fee structure has changed with effect from 06 May 2016

Quick & Easy short-term loans | South Africa

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