Credit

know what you get, know what you pay

If you’re planning on applying for credit or a credit card, here are the numbers you’ll need to know. The rates and fees below are effective as of 19 July 2019.

know what you get, know what you pay

Rates and fees

Loan amount (R)5 00025 00050 000100 000250 000
Term (months)Credit facility12244884
Interest rate (%)20.5012.90 - 27.5012.90 - 27.9014.20 - 27.4016.30 - 21.70
Credit life insurance R/1000 per monthn/a2.42 - 4.502.42 - 4.502.42 - 4.502.42 - 4.50
Credit life insurance R/1000 per monthn/a2.42 - 4.502.42 - 4.502.42 - 4.502.42 - 4.50
Once-off initiation fee (R)0 - 649.751 207.501 207.501 207.501 207.50
Once-off initiation fee (R)0 - 649.751 207.501 207.501 207.501 207.50
Monthly repayment (R)5 154 - 5 8152 444 - 2 6612 571 - 30092 995 - 38805 528 - 6 769
Total repayment (R)5 154 - 5 81529 333 - 31 93761 716 - 72 220143 750 - 186 227464 317 - 568 562
5 000
Term (months)Credit facility
Interest rate (%)20.50
Credit life insurance R/1000 per monthn/a
Credit life insurance R/1000 per monthn/a
Once-off initiation fee (R)0 - 649.75
Once-off initiation fee (R)0 - 649.75
Monthly repayment (R)5 154 - 5 815
Total repayment (R)5 154 - 5 815
25 000
Term (months)12
Interest rate (%)12.90 - 27.50
Credit life insurance R/1000 per month2.42 - 4.50
Credit life insurance R/1000 per month2.42 - 4.50
Once-off initiation fee (R)1 207.50
Once-off initiation fee (R)1 207.50
Monthly repayment (R)2 444 - 2 661
Total repayment (R)29 333 - 31 937
50 000
Term (months)24
Interest rate (%)12.90 - 27.90
Credit life insurance R/1000 per month2.42 - 4.50
Credit life insurance R/1000 per month2.42 - 4.50
Once-off initiation fee (R)1 207.50
Once-off initiation fee (R)1 207.50
Monthly repayment (R)2 571 - 3009
Total repayment (R)61 716 - 72 220
100 000
Term (months)48
Interest rate (%)14.20 - 27.40
Credit life insurance R/1000 per month2.42 - 4.50
Credit life insurance R/1000 per month2.42 - 4.50
Once-off initiation fee (R)1 207.50
Once-off initiation fee (R)1 207.50
Monthly repayment (R)2 995 - 3880
Total repayment (R)143 750 - 186 227
250 000
Term (months)84
Interest rate (%)16.30 - 21.70
Credit life insurance R/1000 per month2.42 - 4.50
Credit life insurance R/1000 per month2.42 - 4.50
Once-off initiation fee (R)1 207.50
Once-off initiation fee (R)1 207.50
Monthly repayment (R)5 528 - 6 769
Total repayment (R)464 317 - 568 562

Please note that these are examples only. You can choose any term for your loan (up to 84 months) to make your monthly repayments more affordable. Your actual credit amount and credit interest rate will be based on your individual credit profile and affordability.


Credit card rates and fees

  • Initiation fee: R100
  • Monthly fee: R35
  • Interest rate: 10.00% - 20.50% (based on your credit profile)

Credit facility rates and fees

  • Initiation fee: R172.5 for the first R1000 transfer up to R649.75 for following transfers
  • Monthly fee: R35 (without active balance owing) R69 (with active balance owing)

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