How much would you like to borrow?
How many months would you like to pay it off over?
Instalment **
Please note this calculator is provided for your benefit and is an estimation only **
Summary of Interest and Fees
Initiation fee:
R 165.00 of first R 1,000.00 advanced, plus 10% of the loan amount over R 1,000.00 plus VAT, capped at 15% of loan amount of R 1,050.00 plus VAT
Service fee:
R69.00 per month Incl VAT
Credit life insurance:
R 4.50 per R 1,000.00 per month
Interest rate:
0.16% per day (60% Annual Interest Rate)
Fees (incl. 15% VAT) and interest based on Chapter 5 regulations of NCA, no 34 of 2005