Loan amountR 1 000 – R 7 200
Repayment term61–65 days
Interest rateConfirm current ratePublished APR label needs an itemised quote

What to know at a glance

Day-based repayment range. The published borrowing range starts at R 1 000. Approval and your final terms depend on the lender’s assessment.

Fees and the full cost

The R5,000 homepage example combines R868 of fees and R74 interest for a R5,942 total; the fees are not itemised. The terms allow early settlement without advance notice, with unpaid principal, interest, fees, charges and any insurance payable up to the settlement date.

Initiation fee
The FAQ says Finance27 does not request payment before a loan is paid out. That does not establish a zero initiation fee: the R868 combined-fee example is not itemised. A separate amount, formula and VAT treatment remain unconfirmed; request the written breakdown.
Monthly service fee
The homepage and How It Works page say a service fee and interest are added monthly when a loan is unpaid, but give no numerical service charge or VAT split. The example combines fees. Confirm the ordinary service charge, charging period and any arrears charges in the quote.
Credit life / protection
The Early Settlement section refers to any insurance payable up to settlement. That reference does not establish mandatory cover, a premium, calculation basis, benefits or replacement rights. No applicable credit-life policy or premium schedule was confirmed in the reviewed public material. Request these documents before accepting a quote; unconfirmed does not mean free.

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

The homepage publishes 61–65 days, while generic FAQ copy describes next-payday borrowing. We preserve the explicit day range and do not convert it to months. The site advertises a maximum APR of 38%, but the example does not establish its duration or full cost basis; Fairloan does not present that as a verified all-in comparison rate.

Before you apply

  • South African citizen above 18 years of age
  • Employed, with a regular salary paid into an active bank account in your own name
  • Credit and affordability assessment; income, expense, employer and banking information supplied directly to the lender

What happens next?

The button takes you to Finance27’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: NCRCP7084. This is not a live registry verification. Check the NCR register and confirm the legal entity before applying.