SELECT THE DESIRED AMOUNT

SELECT YOUR SALARY PAY DATE

 
The loan payment calculator (“the ruler”) allows estimating the approximate repayable amount, which will be very close to the actual amount to be paid. Once your application has been provisionally approved, you can contact us should you wish to obtain a quote.
Interest:
Fees:
Total Repayment:





By submitting your information you are allowing or providing Loan Active (PTY) LTD with a consent to do a credit check with a credit bureau


EXAMPLE:

If R2,000 is borrowed for 20 days.

Initiation Fee: R265.00

Service Fee: R40.00

Interest: R45.30

VAT: R42.70


Total to Repay: R2,393.00

 

Repayment amount will include additional charges as follows:

 

Interest (5% per month for the first loan landed in the year, and thereafter within the same year at 3% per month when you reapply for a loan); service fee; initiation fee. Total amount to repay will be calculated a selected period of time.

 

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.

          REPAYMENT TERMS

 

Interest and fees are calculated based on regulations stated in Chapter 5 of National Credit Act (NCA) no: 34 of 2005. According to NCA, annual credit rate for small short-term loans is 60% (Annual Percentage Rate, APR 60%). Repayment will not exceed 2 months.

 

         RENEWAL POLICY

 

No Renewals of Loans are automatic. All New loans are subject to employment and affordability criteria. A Consumer will qualify for the same amount if it is paid successfully for 3 times. Thereafter limit may be reviewed depending on consumer’s Financial circumstances and affordability. No additional fees are charged to Renew a loan.


         COLLECTION POLICY

 

All Collections are done by NAEDO Debit orders and soon to be introduced AC (Authenticated Collections) via FNB.

 

         NON-PAYMENT

 

Non-payment will result in a R80 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. Not paying your loan could impact your Credit Rating and make it difficult to qualify for finance at other Credit Providers.

 

 how it works

 

WHY CHOOSE

 

 

 apply now

 

WE ARE REGISTERED

WE ARE REGISTERED

 

Loan Active is a registered Pty Ltd company, Companies and Intellectual Property Commission (CIPC) of South Africa registration number: 2017/241075/07. Loan Active is an authorised Financial Services and Registered Credit Provider, National Credit Regulator (NCR) registration number: NCRCP9757.

WE ARE TRANSPERANT AND RESPONSIBLE LENDERS

WE ARE TRANSPERANT AND RESPONSIBLE LENDERS

 

Loan Active is a micro finance company specialising in online personal short-term loans. We strictly follow the rules and regulations of the micro finance industry, there are no hidden costs and loans are approved based on careful assessment of a client’s affordability profile. Client’s private information is kept strictly confidential.

WE ARE FAST AND OPERATING FULLY ONLINE

WE ARE FAST AND OPERATING FULLY ONLINE

 

Once you have submitted the required supporting documentation, the decision is made and the money is transferred into your bank account as soon as possible.  There is no need to visit our office to get the loan or to pay it back– the entire loan application process is 100% online. You can go on our website and apply when it is convenient for you, using your personal computer or a smart mobile device. We use NAEDO (Non – Authenticated Early Debit Order) system to debit your account. Our advanced online platform allows an online signature, which simplifies and speeds up the application process.

WE PROVIDE GOOD CUSTOMER SERVICE

WE PROVIDE GOOD CUSTOMER SERVICE

 

Providing a good service is of a great importance to us. We do our best to keep fast turnaround time and make sure the money is on your account as soon as possible. After submitting an online application, you can choose the most convenient way to supply us with the required documentation-you can upload, email or FAX your documents to us. We are ready to facilitate the application process and answer your queries over the phone, email or a message sent from our website.