Loans FAQ

Frequently Asked Questions

Who is RCS?

RCS is a registered consumer finance business that offers financial services for your lifestyle needs – including cards, loans and insurance

How do I apply for an RCS Loan?

You can apply for an RCS Loan by completing the Loans Quick Check and we’ll call you back to complete the application or you can call us on 0861 SAYRCS (0861729727)

What do I need to apply?

To apply for an RCS Loan you must:

  • be 18 years or older
  • have a valid SA ID or Drivers Licence
  • have a bank account
  • be employed and earn R2 000 or more per month
  • You will be required to provide proof of income documentation


What size loan can I get?

Based on your individual circumstances, you may be granted a loan ranging in value from R1 000 to R150 000

How will you determine if I qualify for an RCS Loan?

As registered credit and authorised financial services provider, RCS is governed by the National Credit Act in assessing whether we can provide you with credit.

We will conduct an assessment which uses your credit score (which provides us with your credit history and tells us how well you have been managing all your credit in the past) as well as your income and expenses. Based on all this information we will determine whether we can grant you credit at this time


How much will my RCS Loan cost?

Based on your individual assessment, you will be charged a monthly service fee for the management of your account and interest, in accordance with the NCA regulations.

How do I pay my monthly loan instalment?

Your monthly loan instalment will be automatically debited from your bank account on a date you selected at time of application

What if I can’t pay my monthly instalment?

Give us a call on 0861 SAY RCS (0861729727) and we will try to assist you in finding a solution that meets your needs

What is Customer Protection Insurance?

Customer Protection Insurance (CPI) is insurance cover that covers your outstanding balance (or a portion of the outstanding balance) in the event of
death, permanent disability, temporary disability or loss of income. For more information, please see our Terms and Conditions.