

Example Loan: | |||||||
Loan Amount | Repayment Term | Monthly Instalment | Initiation Fee | Service Fee | Interest Rate | Total Repayable | APR |
R 7,000.00 | 3 months | R 2,990.65 | R 850.00 | R 60.00 | 5% p.m. | R 8,971.95 | 162% |
R 7,000.00 | 6 months | R 1,634.82 | R 850.00 | R 60.00 | 5% p.m. | R 9,808.92 | 127% |
Maximum APR 248.04% |