What you can get:

Up to R 3 000 for new customers, up to R 8 000 for existing customers, with 6 months to pay.

What you’ll need:

A cellphone number
SA ID number
Bank account details
Latest bank statement
Proof of income
Proof of residence

How to apply:

1. Choose the amount you need
2. Choose how long you will need to repay
3. Click "Apply Now" and proceed to finalise your loan

Up to R4000 for new customers, up to R8000 for existing customers, now with 6 months to pay.

What you’ll need:


A cellphone number
SA ID number
Bank account details
Last 3 months proof of income

Choose your loan amount and term and get started.

Please Select Your Branch

APR

5% per month (which equates to a maximum of 60% APR) for the first loan of the year and 3% per month (which equates to a maximum of 36% APR) for other loans in the same calendar year.

Repayment Terms

Repayments will be made over no less than 2 months and no more than 6 months. 

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 60 days.
Initiation Fee: R255.00
Service Fee: R104.50
Interest: R58.32
VAT: R00.00

Total to Repay: R2610.62