Interest rates and fee's
Unauthorized copying of any part of this site will result in legal action
All rights reserved © Copyright 2009-2014 SA Loan Services
All applications done are within full NCR guidelines and as such as related fee's and interests are as prescribed below.
Before signing any contract or in the event that any contract is accepted by you we or the loan provider will provide a quotation which will include detailed information such as the interest rate you are being charged , the monthly service fee , the monthly insurance cost and initiation fee as well as the total monthly installment payable and the total repayment of all installments . You then have the option the accept or decline this quote at your own discretion.
What credit providers typically charge.
Interest rate for short term loans ( 3 - 6 months ) - 5% per a month ( 60% per a year )
Interest rate for long term loans - Between 31% - 32.10% per a Year
An initiation fee of R150 per a credit credit plus 10 percent of the loan amount but to never exceed R1000
Monthly service fee is R57 including Vat
Monthly insurance premium - This may vary from the different credit providers , credit providers may make insurance compulsory when taking a loan.
You may use this information above to calculate an estimated installment on any loan amount you wish to borrow.
Use of this website and applying for any product or service is subject to accepting our terms and conditions and Disclaimer