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 22 May 2020.

know what you get, know what you pay

Term loan rates and fees

Loan amount (R)25 00050 000100 000250 000
Term (months)12244884
Interest rate (%)12.90 - 24.7512.90 - 24.7514.20 - 24.7516.30 - 22.40
Credit life insurance R/1000 per month4.00 - 4.504.00 - 4.504.00 - 4.504.00 - 4.50
Monthly service fee69696969
Once-off initiation fee (R)1 207.501 207.501 207.501 207.50
Monthly repayment (R)2 468 - 2 6262 618 - 29363 095 - 3 7225 815 - 6 884
Total repayment (R)29 616- 31 51062 834- 70 467148 566 - 178 652488 454 - 578 254
25 000
Term (months)12
Interest rate (%)12.90 - 24.75
Credit life insurance R/1000 per month4.00 - 4.50
Monthly service fee69
Once-off initiation fee (R)1 207.50
Monthly repayment (R)2 468 - 2 626
Total repayment (R)29 616- 31 510
50 000
Term (months)24
Interest rate (%)12.90 - 24.75
Credit life insurance R/1000 per month4.00 - 4.50
Monthly service fee69
Once-off initiation fee (R)1 207.50
Monthly repayment (R)2 618 - 2936
Total repayment (R)62 834- 70 467
100 000
Term (months)48
Interest rate (%)14.20 - 24.75
Credit life insurance R/1000 per month4.00 - 4.50
Monthly service fee69
Once-off initiation fee (R)1 207.50
Monthly repayment (R)3 095 - 3 722
Total repayment (R)148 566 - 178 652
250 000
Term (months)84
Interest rate (%)16.30 - 22.40
Credit life insurance R/1000 per month4.00 - 4.50
Monthly service fee69
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.


Credit card rates and fees

  • Initiation fee: R100
  • Monthly fee: R40
  • Interest rate: 7.25% - 17.75% (based on your credit profile)

Access facility rates and fees

  • Initiation fee: up to R300
  • Monthly fee: R0 (without active balance owing) R69 (with active balance owing)
  • Interest rate: 12.4% - 17.75% (based on your credit profile)

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