Loan amountR 500 – R 5 000
Repayment term1–6 months
Interest rateConfirm ratePublic rate labels differ

What to know at a glance

For new customers. The range below applies to this customer group. It is not a limit offered to everyone.

1–6 months; customer limits apply. The published borrowing range starts at R 500. Approval and your final terms depend on the lender’s assessment.

Fees and the full cost

Support publishes a fee formula; the homepage insurance amount is only a representative example. Confirm the complete quote, including VAT.

Initiation fee
R165 plus 10% of the loan amount above R1,000, capped at 15% of the loan amount; add 15% VAT to the fee and cap, as stated in Support.
Monthly service fee
R60 per month plus 15% VAT (R69).
Credit life / protection
The homepage’s R6,000 / 6-month example is above the R5,000 new-customer limit, so its R18 insurance figure does not establish your premium. A new-customer premium, billing basis, compulsory status, covered events and replacement-cover conditions are not confirmed. Request the current policy and quote.

Compare your total repayment as well as the monthly instalment. Ask for a written quote showing the exact rate, initiation fee, service fees and insurance applicable to you.

A detail worth checking

Support gives 0.17% per day; the homepage example uses 3% per month and separately labels a maximum APR of 60%. These are not treated as one comparable rate. Available amount/term combinations and the returning-customer minimum must be confirmed.

Before you apply

  • South African ID
  • Age 18 or older
  • Access to internet banking
  • Verifiable income for the last 90 days
  • Employment and income information
  • Online banking link and affordability check

Other Boodle options

These products or customer groups have their own limits and pricing.

What happens next?

The button takes you to Boodle’s official product page. You decide whether to start an application there. The lender may request documents, obtain consent for credit checks and assess affordability.

Browsing Fairloan does not constitute an application. We do not collect your identity number, documents or contact details, and we cannot predict approval.

Sources and registration

Registration information published by the lender: NCRCP5361. This is not a live registry verification. Check the NCR register and confirm the legal entity before applying.