Payday Loan

One repayment on your next agreed pay date. Short by design, and priced accordingly.

The rate

33% one instalment

Who this is for

You are earning and have an agreed pay date coming up. If you need more than one month to repay, the Payroll Loan will cost you far less.

A worked example

Borrow K5,000. The arrangement fee is K900, so K4,100 reaches you. Interest is K1,650. You repay K6,650 in one instalment on your due date. Settle at least 7 days early and you repay K6,500 instead — a saving of K150.

Interest rate	33% for the period
Arrangement fee	18%, deducted before the money reaches you
Amount	K1,000 – K100,000
Repayment	One instalment on your agreed due date
Early Settlement Discount	Settle 7 days early and the rate drops to 30%
Late payment	10% per month after a 7-day grace period
Extension	You may request one. It is not automatic and must be approved.