Loan amountR 500 – R 8 000
Repayment term5–90 days
Interest rateNot publishedRequest the rate and full fee breakdown

What to know at a glance

Terms in days, not calendar months. 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 homepage calculator’s information panel publishes initiation and monthly service fees. Confirm the full borrowing cost and any insurance in the pre-agreement quotation.

Initiation fee
The calculator states 16.5% of the first R1,000 lent, plus 10% of the amount above R1,000, capped at 15% of the loan amount. VAT is added to the fee and cap. Confirm the rand amount in your quote.
Monthly service fee
R69 per month in the calculator information panel. That panel does not explicitly state VAT treatment or how the fee is pro-rated for shorter loans; confirm these in your quote.
Credit life / protection
The reviewed pages do not confirm compulsory status, a premium, calculation basis or covered events. Request the applicable insurance terms; unknown costs are not zero.

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 public calculator spans R500–R8,000 and 5–90 days. Ninety days is not treated as three calendar months. No distinct first-time/returning limit was confirmed. Available combinations depend on assessment.

Before you apply

  • SA ID number
  • Cellphone number and email address
  • Bank account and employment details
  • Latest 3 months bank statements showing the latest 3 salary deposits
  • Fixed income and affordability assessment
  • Electronic agreement and DebiCheck authorisation

What happens next?

The button takes you to Lime24’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: NCRCP8077. This is not a live registry verification. Check the NCR register and confirm the legal entity before applying.