PrimeLoans

PrimeLoans

About this app

PrimeLoans is an application to quickly get money on credit for any purpose. We work in strict accordance with the regulatory policy of South Africa.

It's easy to use:
1. install the app on your smartphone;
2. go through a short registration, where you specify the necessary data;
3. choose the loan amount;
4. confirm the application and wait for the decision;

Requirements:
- document – South Africa ID only;
- age 23-62 years;
- official employment and confirmed income.

PrimeLoans Product Description
Loan amount: ZAR 500.0 - 4,000.0
Loan term: Min term: 62 days, Max term: 90 days
Max APR: in the Calendar year interest rate is 116.06%.

Fee:
Initiation fee depends on the loan principal
The Initiation fee amount is charged when the loan is activated.

Service fee amount:
Number of days until the end of the month in current month * (60R / number of days in the disbursement month).

Example:
A typical example of obtaining a loan using the calculation of interest rate and commissions:
If you apply for ZAR 2000 loan for 90 days under 0.167% per day, the cost of the loan will be
- 2000 ZAR principal;
- interest 300.6 ZAR
- Initiation fee

1. If the loan principal is =< 1300R
For first loan - 15% of the principal
For repeated loan - 15% of the principal

Example, loan principal = 900R, loan type = any
When the loan is activated the amount of initiation fee is charged in one payment = 15% * loan principal = 0,15 * 900 = 135R

2. If the loan principal is 1300R < X <= 4000 R
2000 - loan principal
For first loan = 165R + 10% * (loan principal - 1000R)
For repeated loan =165R + 10% * (loan principal - 1000R)

Example, loan principal = 2000R, loan type = any
When the loan is activated the amount of initiation fee is charged in one payment = 165R + 10% * (2000 - 1000) = 265R;

- Service fee. If the date of issue is September 15th (30 days in September), then there are 15 days left until the end of the month. So the calculation formula is:15*(60/30) = 30 ZAR+60+60;
Total: 2715.6 ZAR


Prime Loans Technology (Pty) Ltd is a company duly incorporated and registered under the laws of South Africa, with a company registration no. 2024/739416/07 and the National Credit Regulator registration number NCRCP20937.
Always study the terms and conditions and the disclosure statements before proceeding with any transaction.

Contact us：
For any questions, feedback, or hesitations, please contact us via the following methods:
Website: https://primeloans.co.za/
Phone: [phone]
Email: [e-mail]
Privacy Policy: https://primeloans.co.za/privacy-policy/