Loan SA processes 400 000 applications monthly. We also assist those that may have a poor credit rating.The application process is simple. All you need to do is complete the application form below and you will receive an instant answer on your application.
Need help, call our contact centre on 087 654 1966. We are standing by to assist you.
Our Operating hours are: Mon-Fri 8:00am - 4:30pm and Sat 8:00am - 1.00pm.
Missed our contact centre operating hours. Dont worry our service operates 24 hours a day and you can Apply Online at anytime.
ANNUAL PERCENTAGE RATES
RR X 2.2 r.Maximum APR = (RR x 1.7) + 15% per year
Minimum period offered by registered credit providers: 6 (Six) Months
Maximum Period offered by registered credit providers : 60 (Sixty) Months
Maximum Annual Percentage Rate (APR): 27% (Repo Rate + 21%)
IMPLICATIONS OF NON PAYMENT
It is important however that you repay the loan on the agreed date. On the repayment date the lender will try to collect the full amount from your bank account. If this is unsuccessful due to you not having sufficient funds in your account, the lender will make subsequent attempts to collect all or part of the money. If you are likely to experience any issues with repayment it is important to contact the lender as soon as possible.If no resolution has been found the next step is to pass your account to a debt collection agency where additional fees may be encountered.
Lenders permits a second loan only after three successful payments.
ILLUSTRATIVE EXAMPLE ON A 36 MONTH LOAN
Loan amount: R50 000
Term: 36 month
Services Fee: R1000
APR (10.71%): R8681
Total Instalment: R1630
Total Amount Payable: R59 716