FairLoan

About FairLoan

FairLoan offers a convenient online personal loan application channel. We are committed to simplifying the process through technology, helping eligible South African citizens access financial support when needed. All loan products strictly comply with relevant South African laws and regulations.

Our Service Features

Fully Online: You can complete the application process online via your mobile phone without visiting a branch. The process is simple and convenient.

Automatic Assessment: After submitting your application, the system will conduct a credit assessment based on the information you provide (including big data analytics and artificial intelligence technology). The assessment results will be used as a reference for approval.

No Collateral Required: Compared to traditional bank loans, this application does not require physical collateral or third-party guarantees, but you will need to provide accurate and complete personal and financial information for review.

Loan Product Details

Loan Amount: Rand 500 to Rand 500,000

Loan Term: 91 to 365 days

Annual Interest Rate (APR): Maximum 20%

Daily Interest Rate: Calculated based on the annual interest rate, approximately 0.0547% (20% ÷ 365)

Other Fees: No service fee

Fee Calculation Example

If you apply for a loan of Rand 500,000 with an annual interest rate of 20% and a term of 180 days, then:

Interest = 500,000 × 0.0547% × 180 ≈ Rand 49,315

Total Repayment = Principal 500,000 + Interest 49,315 = Rand 549,315

(This example is for reference only; the actual amount may vary.)

Basic Application Requirements

Ages 18 and above, 18-35 years old South African citizen aged 18 or older

Hold a valid South African bank account

Have a good credit history (this will be one of the verification criteria)

Contact Us
For any questions, suggestions, or assistance, please feel free to contact us:

📧 Email: [email protected]

Privacy Protection

We value the security of your personal information. For information regarding the collection, use, and deletion of information, please see our privacy policy:

https://apip.snapcredity.com/privacy-policy.html