Loan repayment terms range from 12 months to 60 months. The maximum interest rate with regards to a Auto & General Personal Loan* is 27.50% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile. An illustrative example of a loan at an interest rate of 27.50% would be: Loan amount of R7, 500 borrowed for 24 months. Annual Interest Rate: 27.50%. Initiation fee (charged upfront): R936. Monthly service fee: R69 Total Amount payable: R13 312. Monthly instalment amount: R555. Please note our interest rate will never exceed the maximum as prescribed by the NCA of 27.50%. Fees subject to change based on risk profile.
Auto & General personal loans are administered and managed by RCS, a registered Credit and authorised Financial Services Provider.