Your Loan is calculated on your Loan amount and consists of Interest and fees as set out by the National Credit Regulator
Fees are as follows:
Service fee – R60 per month plus VAT (Calculated Pro-Rata for the month)
Initiation fee – Loans under R1200 is 15% fee plus VAT
Loans above R1200 is R165 plus 10% for any capital above R1000 plus VAT
Interest Rate – 3% of the Capital
For First Time users this Formula have been reduced to provide the consumer with a Discount
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