How can I calculate my repayments?

You can use our online calculator by clicking here.

Our calculation is only an example of how the loan and load period can affect your repayments. Although we do our best to give you accurate calculations, they will not be binding on us. Please refer to the terms and conditions of your loan agreement for more details.

What is the credit cost multiple?

The credit cost multiple is the extra amount you’re paying in addition to the loan amount.

To calculate this, we add up the loan amount, interest, and service fees, and then divide the result by your loan amount. For instance, if your credit cost multiple is 1.3, then you’ll be paying R1.3 for each Rand borrowed.

What is the minimum and maximum I can borrow?

The minimum loan amount is R500 and the maximum loan amount is R10000.

What is the minimum and maximum loan period?

The minimum period is 1 month and maximum 12 months.

What is debt review?

In 2007, the National Credit Act introduced debt review (or debt counselling) to provide support for South Africans struggling with debt. It can help with various debt obligations, such as housing, car repayments, credit cards, accounts, and asset repossession.

Should you be unable to pay back your loans, a debt counsellor will put together a repayment plan for you to reduce the amount of each instalment and pay your loans back over a longer time.  Debt counselling is not like blacklisting and any record of being under review will be removed from your credit record once the process has concluded.

How much interest will I pay?

Our interest rates are regulated by the National Credit Act (NCA). Please refer to the terms and conditions of your loan agreement for more details.

What is a credit check?

A credit report will also show where and how often you have applied for credit in the past 24-months, as well as any court record information, such as judgments.
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