Select Loan Amount

How much do you need?

When is your next payday?

Interest:

Fees:

Total Repayment:

Enter your South African ID Number

By submitting your information you are allowing or providing Protea Loans with a consent to do a credit check with a credit bureau

APR

3% per month (with a maximum APR of 38%).

No Renewal of loans are automatic. All new loans are subject to employment and affordability criteria. A consumer must submit latest bank statements including payslips to determine financial circumstances and affordability. No additional fees are charged to renew a loan. Each loan carries its standard fees in terms of Chapter 5 of the Credit Act No 34 of 2005.

COLLECTION POLICY

All Collections are done by DebiCheck.

NON-PAYMENT

Non-payment will result in a R60 service fee charge if the loan is arrears for 30 days. Additional Interest of 3% per month may also be added for up to 2 months. After this the Debt will be handed over to our external collection agency and their Attorneys. Not paying your loan could impact your Credit Rating and make it difficult to qualify for finance at other Credit Providers.

EXAMPLE

If R4000 is borrowed for 60 days

Fees: R550.00

Total Interest and Fees: R950.00

Total to Repay: R4950.00

Please note that these are only approximate figures. All rates are calculated on a daily basis as stipulated by the National Credit Regulator. Please request a quote from us to determine the actual repayment amount and installment(s) should you wish to apply for a loan.

How to Apply:

Enter your amount up to R 4000
Enter you personal details, employer and bank details
Do affordability of your monthly expenses
Upload your documents (PS.Press UPLOAD once documents is selected)
You will receive an email once the application was completed

How much do you need?

When is your next payday?

Fee Breakdown

APR

REPAYMENT TERMS

RENEWAL POLICY

COLLECTION POLICY

NON-PAYMENT

EXAMPLE