Credit

know what you get, know what you pay

If you’re planning on applying for credit or a credit card, here are the numbers you’ll need to know. The rates and fees below are effective as of 17 January 2020.

know what you get, know what you pay

Rates and fees

Loan amount (R)5 00025 00050 000100 000250 000
Term (months)Credit facility12244884
Interest rate (%)20.2512.90 - 27.2512.90 - 27.2514.20 - 27.2516.30 - 22.40
Credit life insurance R/1000 per monthn/a2.42 - 4.502.42 - 4.502.42 - 4.502.42 - 4.50
Credit life insurance R/1000 per monthn/a2.42 - 4.502.42 - 4.502.42 - 4.502.42 - 4.50
Once-off initiation fee (R)0 - 649.751 207.501 207.501 207.501 207.50
Once-off initiation fee (R)0 - 649.751 207.501 207.501 207.501 207.50
Monthly repayment (R)5 153 - 5 8142 444 - 2 6582 571 - 30022 995 - 3 8715 528 - 6 884
Total repayment (R)5 153 - 5 81429 333 - 31 89861 716 - 72 059143 750 - 185 794464 317 - 578 254
5 000
Term (months)Credit facility
Interest rate (%)20.25
Credit life insurance R/1000 per monthn/a
Credit life insurance R/1000 per monthn/a
Once-off initiation fee (R)0 - 649.75
Once-off initiation fee (R)0 - 649.75
Monthly repayment (R)5 153 - 5 814
Total repayment (R)5 153 - 5 814
25 000
Term (months)12
Interest rate (%)12.90 - 27.25
Credit life insurance R/1000 per month2.42 - 4.50
Credit life insurance R/1000 per month2.42 - 4.50
Once-off initiation fee (R)1 207.50
Once-off initiation fee (R)1 207.50
Monthly repayment (R)2 444 - 2 658
Total repayment (R)29 333 - 31 898
50 000
Term (months)24
Interest rate (%)12.90 - 27.25
Credit life insurance R/1000 per month2.42 - 4.50
Credit life insurance R/1000 per month2.42 - 4.50
Once-off initiation fee (R)1 207.50
Once-off initiation fee (R)1 207.50
Monthly repayment (R)2 571 - 3002
Total repayment (R)61 716 - 72 059
100 000
Term (months)48
Interest rate (%)14.20 - 27.25
Credit life insurance R/1000 per month2.42 - 4.50
Credit life insurance R/1000 per month2.42 - 4.50
Once-off initiation fee (R)1 207.50
Once-off initiation fee (R)1 207.50
Monthly repayment (R)2 995 - 3 871
Total repayment (R)143 750 - 185 794
250 000
Term (months)84
Interest rate (%)16.30 - 22.40
Credit life insurance R/1000 per month2.42 - 4.50
Credit life insurance R/1000 per month2.42 - 4.50
Once-off initiation fee (R)1 207.50
Once-off initiation fee (R)1 207.50
Monthly repayment (R)5 528 - 6 884
Total repayment (R)464 317 - 578 254

Please note that these are examples only. You can choose any term for your loan (up to 84 months) to make your monthly repayments more affordable. Your actual credit amount and credit interest rate will be based on your individual credit profile and affordability.


Credit card rates and fees

  • Initiation fee: R100
  • Monthly fee: R35
  • Interest rate: 9.75% - 20.25% (based on your credit profile)

Credit facility rates and fees

  • Initiation fee: R172.5 for the first R1000 transfer up to R649.75 for following transfers
  • Monthly fee: R35 (without active balance owing) R69 (with active balance owing)

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