Loan terms
One short-term loan. Stated in full.
Everything about our loan is on this page: the amounts, the term, the interest, what it costs, who qualifies and what you need to apply.
- Loan amount
- R500 to R8,000
- Term
- One month, fixed
- Interest
- 40% for the term, fixed at payout
- Daily interest
- None. The balance does not grow over the month.
- Repayment
- Single repayment, due 30 days after payout
- Payout
- Paid into your bank account once approved and signed
What it costs
Worked repayment examples.
At 40% interest over one month, every R1,000 borrowed costs R400 in interest. The table shows the total repayable at common amounts.
| Amount borrowed | Interest (40%) | Total repayable |
|---|---|---|
| R500 | R200 | R700 |
| R1 000 | R400 | R1 400 |
| R2 000 | R800 | R2 800 |
| R3 000 | R1 200 | R4 200 |
| R5 000 | R2 000 | R7 000 |
| R8 000 | R3 200 | R11 200 |
Figures are illustrative. Your approved amount depends on the affordability assessment.
Who can apply
Eligibility
- You are 18 years or older.
- You are a South African citizen or permanent resident.
- You earn a regular income paid into a bank account.
- The repayment is affordable based on your income and obligations.
What to bring
Required documents
- Your South African ID (green ID book or smart ID card).
- Your latest payslip or proof of income.
- A bank statement showing your last three salary deposits.
- Proof of residential address.
Borrow responsibly
Understand the cost before you borrow.
A short-term loan is a useful tool for a genuine, temporary shortfall. It is an expensive way to fund ongoing expenses. Borrow only what you need, make sure the single repayment fits your budget, and repay on time to avoid additional collection costs. If you are unsure whether a loan is right for you, speak to us before you apply.
