Please use the following application form to start the loan application process, and a consultant will contact you to finalize your application. You can apply for a consumer loan from R100 and R300,000
A representative example: would be an R50 000 loan with an interest rate of 24.5% annually, plus a one-time initiation fee of R1 207.50 (added to the loan amount in this example) and a monthly admin fee of R69.00, for a total cost of R 103 155.57 over 72 months.
The maximum annual interest rate is 27.5%, including fees. Terms for repayment might be one to seventy-two months.
Mashonisa is not a lender; rather, it is an online loan broker. We collaborate with South African lenders who hold NCR licences, and our service is free. Lender-imposed interest rates, which include an initiation and service fee, can begin as low as 20% APR. The interest rate that is given is determined by the credit score of the applicants as well as other variables at the lenders’ discretion.