Loan Calculator
Calculate your loan repayment based on available loan amounts and terms. Note: A mandatory R30 credit insurance fee is applied to mitigate lender risk by protecting against borrower default, ensuring loan repayment security as allowed under Section 103(1)(b) for ancillary charges, subject to National Credit Regulator approval.
Loan Amount: R0.00
Interest (First Loan): R0.00
Interest (Subsequent Loan): R0.00
Initiation Fee: R0.00
Service Fee: R0.00
Credit Insurance Fee (Mandatory): R0.00 (R30 fixed to mitigate lender risk)
Total Repayment (First Loan): R0.00
Total Repayment (Subsequent Loan): R0.00
Total Cost of Credit (First Loan): 0.00%
Total Cost of Credit (Subsequent Loan): 0.00%
Loan Product Details
| Loan Category | Loan Amount | First Loan Interest Rate | Subsequent Loan Interest Rate | Initiation Fee | Service Fee | Credit Insurance | Total Repayment (First Loan) | Total Repayment (Subsequent Loan) | Total Fee Percentage (First Loan) | Total Fee Percentage (Subsequent Loan) |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Days to Payday | R500 | 2.33% (R11.65) | 1.4% (R7) | R81.7 | R26.7 | R30 | R650.05 | R645.4 | 30.01% | 29.08% |
| 14 Days to Payday | R750 | 2.33% (R17.48) | 1.4% (R10.5) | R135 | R50 | R30 | R982.48 | R975.5 | 30.09% | 30.06% |
| 14 Days to Payday | R1000 | 2.33% (R23.3) | 1.4% (R14) | R165 | R60 | R30 | R1,278.3 | R1,269 | 27.83% | 26.9% |
| 30 Days to Payday | R1500 | 5% (R75) | 3% (R45) | R215 | R60 | R30 | R1,880 | R1,850 | 25.33% | 23.33% |
| 30 Days to Payday | R2000 | 5% (R100) | 3% (R60) | R265 | R60 | R30 | R2,455 | R2,415 | 22.75% | 20.75% |
| 30 Days to Payday | R2500 | 5% (R125) | 3% (R75) | R315 | R60 | R30 | R3,030 | R2,980 | 21.2% | 19.2% |