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Loan Calculator
See every instalment, the interest and the levy before you apply. Once you own one full share ($100), borrow from $50 up to 4 × your share capital plus savings.
Lending has not started yet. We are not approving or paying out loans yet. You can apply now and your application is kept in the queue, but no loan will be approved until our monthly repayment schedule system is ready. We will tell you when lending starts.
Loan Terms: 3 equal monthly instalments · 10% a month on the reducing balance, worked out on the amount you request · 5% Loan Protection Levy on the amount you request, deducted from the amount paid out · no admin fee
Loan Breakdown
Amount Requested
$200.00
🛡️ LPF Levy (5%)
$10.00
Deducted from the amount paid out
Total Interest
$41.27
Total Repayable
$241.27
The three instalments. No admin fee
Net Cash Paid Out to You
$190.00
Amount requested minus the LPF levy
3-Month Repayment Schedule
| Month | Instalment | Interest | Principal | Still Owed |
|---|---|---|---|---|
| Month 1 | $80.42 | $20.00 | $60.42 | $139.58 |
| Month 2 | $80.42 | $13.96 | $66.46 | $73.12 |
| Month 3 | $80.43 | $7.31 | $73.12 | $0.00 |
Interest each month is 10% of the amount still owed. Amounts are rounded to the cent; any rounding difference is in the last instalment.
Ready to apply? Contact us via WhatsApp to start your loan application.
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