Personal Loan Calculator

The repayment amount will be calculated based on the loan amount, the period of the loan, and the interest and fees that are charged. Read how you can manually calculate your loan repayments here.

All applications are dependent on how quickly we receive the required documentation from you as well as the application being passed through our internal processes. Once approved, your loan will be deposited into your bank account within 24 hours. For more information, read How Quickly Can I Get a Personal Loan.

You must pay at least the minimum amount due as indicated on your statement by the due date. You must pay us by debit order. There are no penalty fees charged should you wish to settle your loan in full.

Based on the provisions of the National Credit Act, we will calculate the amount of any interest, fees and other costs that will be charged to your account. These amounts will be shown on your statement. The rate of interest that we charge to your account will be reflected on your pre-agreement, but will never be more than the maximum annual interest rate permitted by the National Credit Act from time to time. The interest rate is linked to the repo rate* and will be fixed for the period of the agreement.
Interest is calculated on a daily basis and added to the principal debt (in other words, compounded) on a monthly basis.

If you are in arrears, additional interest will be charged on overdue amounts at the same rate as the interest rate applicable in terms of the loan agreement. Arrear interest will be collected with your next debit order. For more information on the calculation of interest, read How are personal loan interests calculated?

*Read How Does The South African Repo Rate Affect Your Loan for more information.

You will need to ensure your credit score is in good standing, however, your credit score is not the only consideration. Most financial service providers apply their own rules to each application. Here is more information on what credit score is needed for a loan.