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    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 3 June 2018.

    rates and fees

    Rates and fees

    You want
    Loan amount (R)
    5 000 25 000 50 000 100 000 250 000

    Term (months)

    Credit facility

    12

    24

    48

    84
    You pay
    Interest rate (%)
    20.50 12.90 – 27.50 12.90 – 27.50 16.30 – 27.45 17.90 – 21.65

    Credit life insurance R/1000 per month

    n/a 2.49 – 4.50 2.49 – 4.50 2.49 – 4.50 2.49 – 4.50

    Once-off initiation fee (R)

    0 –649.75 1 207.50 1 207.50 1 207.50 1 207.50

    Monthly service fee (R)

    35 – 69 69 69 69 69
    Your repayment
    Monthly repayment (R)
    5 154 – 5 815 2 445 – 2 661 2 574 – 3 009 3 111 – 3 883 5 782 – 6 760
    Total repayment (R)
    5 154 – 5 815 29 345 – 31 937 61 765 – 72 220 149 305 – 186 371 485 726 – 567 873

    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: 12.9% - 20.5% (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)