Our annual percentage rate is 60% per year.
All payments are collected via debit order.
Our renewals are not automatic, new loans and loan extensions will be handled as a new loan agreement and the same rates and interest will apply for these loans.
Non-payment of your account will result in a R60 service fee and 5% interest added every month.
Failure to repay a loan will lead to Credit Reference Agencies being notified and potential legal action being taken, both of which could impair your credit rating.