Loan repayment calculator

Estimate repayments on a short-term loan using the fee limits set by the National Credit Act.

Monthly repayment
R1 305
Total to repay
R3 914
Total cost of credit
R914
Interest: R342
Initiation fee (added to the loan): R365
Monthly service fees: R207
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This is an estimate. The lender’s pre-agreement quote states the exact interest, initiation fee and service fee. Defaults use the maximum limits under the National Credit Act 34 of 2005: 5% interest per month on a first short-term loan, an initiation fee of up to R165 plus 10% above R1 000, and a service fee of up to R69 a month.

Lenders to compare

Subject to affordability assessment and approval by the lender.

LoanRadar is a comparison service, not a lender or credit provider. We may earn a fee when you apply through our links. Approval and final cost are set by the lender after an affordability assessment.

Kredio

NCRCP24149 Lends R3 000
Up to
R8 000
Term
Check on lender’s site
Interest
Check on lender’s site

Subject to affordability assessment and approval by the lender.

Creditbar

NCRCP23238 Lends R3 000
Up to
R5 000
Term
7–61 days
Interest
Check on lender’s site

Subject to affordability assessment and approval by the lender.

Crediflow

NCRCP23582 Lends R3 000
Up to
R8 000
Term
Check on lender’s site
Interest
Check on lender’s site

Subject to affordability assessment and approval by the lender.

Crediwise

NCRCP22496
Up to
Check on lender’s site
Term
Check on lender’s site
Interest
Check on lender’s site

Subject to affordability assessment and approval by the lender.

A detailed guide for this page is being prepared by the LoanRadar editorial team.

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