No – we do all applications via telephone, fax, email or directly via our website.

No – we will need a complete online application.

We calculate all interest and fees in line with the National Credit Act and applicable regulations.

Total Repay = Borrowing + Costs & Interest Rate Costs & Interest Rate, Installment and Total Repay are estimated values.

Interest: All the rates and fees fall within the prescribed “Short term Credit Transactions” as published in the National Credit Act 34 of 2005.

Interest Rates – The APR (Annual percentage rate for qualifying clients will be 28%)

Initiation fees – This is the maximum initiation fee we are allowed to charge
R165.00 + VAT per credit agreement, plus 10% of the amount of the agreement in excess of R1000.00, but never to exceed R1050.00 This amount exclude VAT and must also be added to the fee.

Service fee – This is a monthly service fee
R60.00 + VAT (Pro Rata)

You need to send an email to marsia@lowbudgetloans.co.za as soon as possible to discuss a Payment Arrangement.