Initiation fee: paid upfront in cash/deducted from the credit limit
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R0
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Nominal Annual Interest Rate (Variable)
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17.50 %
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The interest rate is subject to the maximum annual variable interest rate allowed by the NCA.
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Personalised Annual Variable Interest Rate
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13.00 %
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Should you conduct your Credit Agreement favourably (within the ambit of the terms and conditions) we may reward you with a rebate on the interest rate payable which is subject to customer profile and scoring.
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Service fee
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R 69.00 (includes VAT)
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This fee is payable monthly
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Estimated monthly instalment payable (including capital, interest, fees and VAT)
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R 798.00
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Estimated minimum monthly repayment amount, including, interest, fees, and charges.
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Estimated total of all instalments including capital interest, fees and VAT
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R 59 578.00
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This amount is calculated on the assumption that:
a. Your interest rate does not change over the 12 month period
b. On approval, you use the total Credit Limit
c. You pay us the monthly instalment over a 12 month period
d. You do not withdraw again up to the original Credit Limit.
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