Please note: Mr Cash Loans and all our credit providers adhere to the NCA (National Credit Act) and is registered Credit providers with the NCR.
The lender will disclose all payment information before you have any obligation to actually take out a loan. Before accepting and signing for the loan, be sure to thoroughly review all information regarding fees and rates. Lenders are required by the National Credit Act to disclose any and all fees that borrowers may be required to pay.
Here is what you need to know about the loans that we offer
• Your rate is fixed for the life of the loan and is determined when you apply for the loan. This means that your rate will not vary from the rate it was awarded. Your interest begins to accrue from the date you signed for the loan.
• Our service providers will tell you upfront what the cost of your loan will be. There are no catches or extra costs providing you stick to the contract.
•These are maximum limits. The interest rate will depend on the loan amount and loan term, some providers may offer lower premiums based on your credit rating and affordability.
Unsecured Short term loans interest rate and cost
- 1 to 6 month repayment period
- loans from R500 to R 8,000
- Interest rate: 5% per month calculated per day on the first loan in a calendar year and 3% per month on subsequent in the same calendar year
- Service fee: of R69 per month, prorated on the first month
- Initiation fee: 16.5% of the first R1000 lend + 10% of the loan amount over R1000, never to exceed R1050 plus 15% VAT is R1207.50.
- Credit Life: R4.50 per R1000 per month
- All fees are vat inclusive
- Get a short term loan
Example of an R8000 loan on a 6 month repayment term
| Loan Amount | Repayment term | Monthly payment | Total Repayment | Initiation Fee | Monthly Fee | Monthly Interest |
| R8000 | 6 months | R1730 | R10,344 | R995 | R69 | 3% |
Unsecured longer term loans interest rate and cost
- 12 to 72 month repayment period
- loans from R3000 to R300,000
- Interest rate: Maximum - Repo rate + 21% per year, Minimum - Determined by credit rating and affordability
- Service Fee: R69 per month
- Initiation fee: 16.5% of the first R1000 lend + 10% of the loan amount over R1000, never to exceed R1050 plus 15% VAT is R1207.50.
- Credit Life: R4.50 per R1000 per month
- All fees are vat inclusive
- Get a longer term loan
Example of an R100,000 loan on a 24 month repayment term
| Loan Amount | Repayment term | Monthly payment | Total repayment | Initiation Fee | Monthly Fee | Yearly Interest |
| R100,000 | 24 months | R6,140.53 | R147,372.72 | R1050 | R69 | 28.5% |