Loan amountR 500 – R 7 000
Repayment term1 month
Interest rateNot publishedConfirm interest and all costs in your quotation

What to know at a glance

One-month borrowing. The published borrowing range starts at R 500. Approval and your final terms depend on the lender’s assessment.

Fees and the full cost

The official FAQ publishes an initiation-fee formula and monthly service/insurance charges, but not a complete tariff. Clause 13 of the currently linked website terms directs borrowers to their individual loan quotation and application for the loan conditions.

Initiation fee
The FAQ states R165 on the first R1,000 advanced plus 10% of the amount above R1,000, plus VAT. It lists caps of 15% of the loan amount or R1,050 plus VAT without identifying which applies to each product. Confirm the product-specific cap and amount in writing.
Monthly service fee
A monthly service fee is charged to the loan account. The FAQ and currently linked website-terms PDF do not give its numerical amount or separate VAT breakdown. Request the itemised fee in your loan quotation; the website terms are not a pricing schedule.
Credit life / protection
The FAQ says credit protection is included in the loan contract and charged monthly, with death, permanent disability and retrenchment cover during the original term. Own insurance is allowed with proof. The premium, calculation basis, full exclusions and detailed replacement requirements remain unconfirmed. The public insurance directory describes funeral and education products; those documents do not establish the terms of this loan’s credit-life cover.

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

This is the one-month product; do not apply the separate two-to-six-month or longer-term conditions to it. Specific rates and the full insurance schedule need a written quote.

Before you apply

  • South African citizen aged 21–60
  • Monthly income of at least R3,500, paid into your bank account
  • Permanent employment for more than six months; not under debt review or administration
  • ID, latest two payslips, three months of bank statements and recent proof of address; first-time applicants should confirm original/stamped document requirements

Other Letsatsi Finance options

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

What happens next?

The button takes you to Letsatsi Finance’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: NCRCP895. This is not a live registry verification. Check the NCR register and confirm the legal entity before applying.