ZEZEZ IMALI

NATIONAL CREDIT REGULATOR

zezez is a registered as credit provide with National Credit Regulator (NCR). The repayments on our Payday loans are in line with NCR guidelines.  

 

Please refer to the example below:

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 Cap Amount              Initiation fee                  Service fee                       Interest                               VAT                        Total Rep

      R 500.00                    R 100.00                           R 60.00                              R 16.00                             R 24.00                     R    700.00

      R 1000.00                  R 150.00                           R 60.00                              R 28.00                             R 32.00                     R 1 270.00

      R 2000.00                  R  250.00                          R 60.00                              R 60.00                             R 50.00                     R  2420.00

Note: the above table is only an example on a 30 day agreement and it should only be viewed as such. Contact us for comprehensive quotation, Interest will be calculated on the average daily outstanding balance, accrued daily and shall not exceed the maximum rate allowed by the National Credit Act 34 of 2005.You will be charged Interest on the Principal Debt from the date on which the Loan is made until the full Settlement Value is paid to us.

A monthly service fee will be levied and added to the Principal Debt. The amount of this service fee is provided in the Quotation.

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LONG TERM/PERSONAL LOANS​

When you decide to take out a Long Term Personal Loan, one of the consultants at the different banks we work through will determine your interest rate and initiation fee according to your personal risk profile. Your loan repayment term can range from 12 months to 6 years, and the interest rate is between 15% and 28.25% per annum (compounded monthly).

Let’s look at an illustrative example of a loan at an interest rate of 24.5% per annum: The loan amount is R50 000 plus a once-off initiation fee of R1 207.50 and a monthly admin fee of R69, over 6 years. This means that the total cost of the loan will be R102 085.93, which is a maximum Annual Percentage Rate (APR) of 27.29%.

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LATE PAYMENTS

In an event that we are unable to collect money from your salary account as stipulated on your loan agreement, we will contact you to let you know about the failed collection, and discuss with you how to make a payment. The late payment charges will apply from the date that we were unable to collect. It is the client s responsibility to make sure there are sufficient funds in their account to cover the debit order.

NON PAYMENT

Continues Non-payment of loan will result in additional charges being debited to your loan account. After 90 days of non-payment, your account will be handed over to external debt collecting firm. The firm may add further charges to your account. And your credit rating will also be negatively affected.   

CREDIT LIMIT INCREASES

We review credit limits and do affordability checks every time the clients make a request upon renewing their loans. 

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• Need Assistance

• Leave a message in the chat box on the right.

• If our agents are offline, leave a message and we will contact you.

• Give us a call

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• Insurance

• Insurance policies - we have a range of optional policies 

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• Business Hours

• Monday to Friday 08:00 - 17:00

• Please note that all applications approved will be paid out on the following day.

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