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Interest & Fees

  • Service Fee: R50 per month. Daily charge, not monthly – R 1-64 per day.
  • Initiation Fee: Loans under R1000: R 150
  • Interest Rate: 0.16% per day. 5% per month.
  • Insurance: 1% on total amount payable on reducing capital.

Credit Protection

The loan is covered at the credit provider in the case of:

  • Death
  • Disability
  • Retrenchment

 

Cover includes:

  • A death benefit of up to R 5000 at no additional fee. This gets paid out directly to the family in case of death.
  • No maximum age
  • No medicals are required
uF-ico 1st Floor, Central Park Complex, Corner Rex Henderson and Frankbull road, Empangeni, 3880.
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