Client borrows R10,000 for 90 days.
Total Cost of Loan
Fixed rates range from 36% to 60% APR and payment terms range from a minimum of 3 months to a maximum of 24 months. Apart from the initiation and monthly fees shown in the table, the only additional fee is credit life insurance if the borrower does not have this already.
Non-payment may result in the matter being escalated.
All accounts may be renewed if they are up to date.
All payments are made via debit order on a monthly bases.