Personal Loan Calculator – Estimate Your Repayments

Borrowing Amount

Min: R 500 R 1,500 Max: R 8,000

Repayment Period (Installments)

Choose between 1 to 6 monthly installments. Minimum loan amounts apply for longer terms.

1 Month 2 Months 6 Months

Disbursement Speed

Normal

Within 24 working hours · Standard Fee

Immediate

Within 15 minutes* · Extra Charge

Normal transfers are processed within 24 working hours at the standard fee. Immediate transfers are processed within 15 minutes from application time to the time money gets into the client's bank account (not considering technical difficulties), with an extra charge applied.

Estimated Repayment Schedule

Repayment Installment	Amount Due

* Payments are due on your agreed monthly salary pay date.

Summary Live calculation

Monthly Installment
R 1,086.75
over 2 monthly payments

Principal Loan Amount R 1,500.00

Flat Interest (30.00%) R 450.00

Initiation Fee R 120.00

Subtotal R 2,070.00

Duration Multiplier (2m) 1.05

Total Repayment Amount R 2,173.50

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Calculations are compliant with the National Credit Act (NCA 34 of 2005). Final loan offer is subject to credit assessment and affordability verification.

100% Transparent Lending

How Your Loan Fees & Repayments Are Calculated

We believe in complete financial transparency. Our pricing strictly adheres to the South African National Credit Act (NCA 34 of 2005) with zero hidden charges, no compulsory credit life insurance markups, and no surprise account fees. Here is the exact arithmetic used:

1. Regulated Flat Interest

Principal × 30.00%

A fixed flat interest rate of 30.00% of the borrowed principal. For example, borrowing R1,000 incurs exactly R300.00 in interest; borrowing R1,500 incurs R450.00.

2. Initiation Fee & Speed

Normal vs Immediate

• Normal: Statutory fee of R51.75 + (Principal × 4.55%). Processed within 24 working hours.
• Immediate: An extra charge is applied for priority payout processed within 15 minutes from application time to the time money gets into the client's bank account (not considering technical difficulties).

3. Duration Multiplier

Multiplier = 1.05^(M - 1)

Scales for multi-month terms ($M$):
• 1 Month: 1.00 (No scaling)
• 2 Months: 1.05
• 3 Months: 1.1025
• 4–6 Months: 1.1576 – 1.2763

4. Repayment Schedule

Total = Subtotal × Multiplier

1 Month: Full settlement in a single payment at month end.
2–6 Months: Divided into equal monthly installments timed with your salary pay date.

Real Calculation Examples (Try the Math Yourself)

1 Month Term Normal · 24 Working Hours

R 1,000.00 Loan (Single Payment, Normal)

Processed within 24 working hours

Principal Borrowed: R 1,000.00
30% Regulated Interest: + R 300.00
Initiation Fee: + R 97.25
Subtotal: R 1,397.25
Duration Multiplier (1 Month): × 1.00
Single Full Payment Due: R 1,397.25

2 Months Term Immediate · 15 Minutes*

R 1,500.00 Loan (2 Installments, Immediate)

15 minutes to bank account*

Principal Borrowed: R 1,500.00
30% Regulated Interest: + R 450.00
Initiation Fee (Immediate with extra charge): + R 170.00
Subtotal: R 2,120.00
Duration Multiplier (1.05¹): × 1.05
Total Repayment: R 2,226.00
2 Monthly Installments: R 1,113.00 / month

Our Guarantee: What you calculate here is the exact figure that will be presented on your formal National Credit Act (NCA) Pre-Agreement Statement and Quotation. We never deduct hidden administration fees or surprise insurance premiums from your disbursed funds.