Rates & Fees

Direct Lenders

Keep in mind that sapersonalloans.co.za is not a direct lender, and we do not provide loans to consumers. We aid in the process, so that customers will get the loans that best match their needs. We have contracts with various direct lenders to whom we submit your application, based on your personal profile and loan requirements.

The lender will then disclose all payment information before you have any obligation to actually take out a loan. Before accepting and signing for the loan, be sure to thoroughly review all information regarding fees and rates. Lenders are required by the National Credit Act to disclose any and all fees that borrowers may be required to pay.
Interest Rates

Your rate is fixed for the life of the loan and is determined when you apply for the loan. This means that your rate will not vary from the rate it was awarded. Your interest begins to accrue from the date you signed for the loan.

Our service providers will tell you upfront what the cost of your loan will be. There are no catches or extra costs providing you stick to the contract. Our short term service providers have an annual interest rate of 32.10%. They also show you an example of the cost of an average loan to show you a clear breakdown of interest and fees. Included in this is a R57 per month service fee that helps cover the cost of the administration of your account and an initiation fee which all fall in line with the NCA. Fees include 14% VAT.

Example Installments : R15 000 Loan

Term: Approximate Installment: Max Installment:
24 Months R1,074.84 R1,074.84
36 Months R852.51 R852.51
48 Months R746.36 R746.36
60 Months R686.43 R686.43

sapersonalloans.co.za is not a financial services provider. All content provided on this site is for information purposes only and in no way constitutes legal or financial advice.