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 24 July 2020.

Term loan rates and fees

Loan amount (R)	25 000	50 000	100 000	250 000
Term (months)	12	24	48	84
Interest rate (%)	12.90 - 24.50	12.90 - 24.5	14.20 - 24.50	16.30 - 22.40
Credit life insurance R/1000 per month	4.00 - 4.50	4.00 - 4.50	4.00 - 4.50	4.00 - 4.50
Monthly service fee	69	69	69	69
Once-off initiation fee (R)	1 207.50	1 207.50	1 207.50	1 207.50
Monthly repayment (R)	2 468 - 2 623	2 618 - 2930	3 095 - 3 707	5 815 - 6 884
Total repayment (R)	29 616- 31 471	62 834- 70 308	148 566 - 177 945	488 454 - 578 254

25 000
Term (months)	12
Interest rate (%)	12.90 - 24.50
Credit life insurance R/1000 per month	4.00 - 4.50
Monthly service fee	69
Once-off initiation fee (R)	1 207.50
Monthly repayment (R)	2 468 - 2 623
Total repayment (R)	29 616- 31 471
50 000
Term (months)	24
Interest rate (%)	12.90 - 24.5
Credit life insurance R/1000 per month	4.00 - 4.50
Monthly service fee	69
Once-off initiation fee (R)	1 207.50
Monthly repayment (R)	2 618 - 2930
Total repayment (R)	62 834- 70 308
100 000
Term (months)	48
Interest rate (%)	14.20 - 24.50
Credit life insurance R/1000 per month	4.00 - 4.50
Monthly service fee	69
Once-off initiation fee (R)	1 207.50
Monthly repayment (R)	3 095 - 3 707
Total repayment (R)	148 566 - 177 945
250 000
Term (months)	84
Interest rate (%)	16.30 - 22.40
Credit life insurance R/1000 per month	4.00 - 4.50
Monthly service fee	69
Once-off initiation fee (R)	1 207.50
Monthly repayment (R)	5 815 - 6 884
Total repayment (R)	488 454 - 578 254

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.