Apply for a Loan

ARSSA Loans (Pty) Ltd provides loans subject to NCR regulations. By applying, you agree to provide accurate information, allow credit checks, and repay according to the agreed schedule.

Fees and interest charges by ARSSA Loans (Pty) Ltd in terms of chapter 5 of Credit Act no.34 of 2005:

• Initiation Fee of R165+VAT on loan amount up to R1000, thereafter 10%.
• Service Fee of R60 per month.
• Interest of 5% per month (0.17% per day. 60% p.a) for the first loan in a Calendar year. 3% (0.1% per day. 36% p.a) for any loan thereafter in that calendar year.
• Interest of 3% per month will accrue on all outstanding balances.
• All attempts will be made to contact the client to agree repayment terms, whereafter the account will be handed over to an external Debtor Collector who will add on their collection fees.
• Non-payment will result in a client's National Credit Profile showing an unpaid account in arrears. Other credit providers assess these credit profiles when making lending decisions. Non-payment will impact your Credit Rating negatively and will affect future credit applications.
• Renewal is not automatic and is subject to credit rating, employment and affordability criteria.
• Based on the above criteria ARSSA Loans (Pty) Ltd will re-adjust your loan offer if your circumstances have changed significantly since your previous application.
• You may apply for a loan increase after 3 successful payments.