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ILLUSTRATIVE EXAMPLE
Client borrows R10,000 for 90 days.
| LOAN AMOUNT | REPAYMENT PERIOD | MONTHLY INTEREST | TOTAL COST OF LOAN | INITIATION FEE | MONTHLY FEE | APR |
| R10 000 | 3 months | R500.00 | R2 914.50 | R1 207.50 | R569.00 | 60% |
Fixed rates range from 36% to 60% APR and payment terms range from a minimum of 3 months to a maximum of 24 months. Apart from the initiation and monthly fees shown in the table, the only additional fee is credit life insurance if the borrower does not have this already.
APR & Loan period
Fixed rates range from 4.5% interest and payment options range from 60 days to repay. Apart from the initiation and monthly fees, the only additional fee is credit life insurance if the borrower does not have this already.</p
Renewals
All accounts may be renewed if they are up to date.
Collection
All payments are made via EFT or direct deposits to Fast Cash Auto. There are no debit orders. Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.
Non-payment
Non-payments may result in the matters being escalated.
Contact Us
Location
Benoni, Johannesburg
About
Flexible repayment terms: Fast Cash Auto typically offer flexible repayment terms that can be tailored to your specific needs. You can often choose the length of the loan and the frequency of payments to make sure that it fits within your budget.
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