LOAN CALCULATOR

If life was perfect, you wouldn't fear unexpected and unavoidable expenses, and opportunity - whose timing is often off - would only present itself when you were most prepared for it. But life isn't perfect, and sometimes even the most well prepared of us need to rely on a personal loan to make ends meet or bring a plan together.

LOAN COSTS

When calculating the total cost of a loan, take the following three factors into account:
Interest: your interest rate is determined by your credit score
Fees: these include an initiation fee and monthly service fees
Credit insurance: a credit provider might require you to have credit insurance.

Never take out a loan only because you qualified for it. Always calculate the total cost of a loan as well as your monthly repayments to ensure that you can afford it.

Yes
No

Related blogs Articles

When to take out a personal loan

When to take out a personal loan

Ideally, you'd never need a loan. But life happens and sometimes you need extra cash to cover an unforeseen expense. Cars break down, pets get sick, and appliances.

What is the cost of credit

What is the cost of credit

Life is full of surprises, and sometimes you're faced with an expense that you're just not prepared for. In such cases, many people will rely on a personal loan.

How to get a-better interest rate on a loan

How to get a-better interest rate on a loan

Loans don't come in a one-size-fits-all. Your financial situation may call for a loan that's larger or smaller and a repayment period that is longer or shorter.

Yes
No

Payment options range from 1 to 84 months. Max interest rate of 27.5%. Fees apply.
*Representative Example: Credit of R5,000 borrowed for 3 months. Monthly interest: R35.31 (reducing monthly). Once off initiation fee: R649.75. Monthly admin fee R69. Total Amount Payable: R5,915.72