Repayment
Loans are repaid in a single instalment collected by debit order on your next payday, within 30 days of payout. Please make sure there are sufficient funds in the account on that date.
Rates and fees
Everything an ADGAS loan costs.
Published in full, in one place. Our charges are set within the limits of the National Credit Act, and the total repayable is confirmed in writing before you sign anything.
The full schedule
What every loan amount costs.
Interest, service fee, initiation fee and VAT, for each amount we lend. This is the whole schedule — there is nothing else to add.
Fee schedule
Single repayment within 30 days · maximum 38% APR · all amounts include VAT
| Loan amount | Interest | Service fee | Initiation fee | VAT | Total repayable |
|---|---|---|---|---|---|
| R500 | R25 | R68 | R75 | R21.45 | R689.45 |
| R1 000 | R50 | R68 | R150 | R32.70 | R1 300.70 |
| R2 000 | R100 | R135 | R300 | R65.25 | R2 600.25 |
| R3 000 | R150 | R190 | R450 | R96.00 | R3 886.00 |
| R4 000 | R200 | R250 | R600 | R127.50 | R5 177.50 |
| R5 000 | R250 | R350 | R750 | R165.00 | R6 515.00 |
Figures are illustrative examples for a loan repaid in full within 30 days and include VAT. Your final amount is confirmed in your credit agreement before you accept it. Fees are charged in accordance with the National Credit Act 34 of 2005 and its regulations.
The important detail
Important terms you should read before you apply.
None of this is buried in fine print. If anything here is unclear, call us and we will talk it through.
Late payment
Late payment charges apply from the date on which we were unable to collect. If you know a payment will be missed, contact us beforehand so we can make an arrangement.
Non-payment
An account in arrears attracts a R50 monthly service fee plus 5% interest on the outstanding balance. After two months the account is handed to external debt collectors, which adds their costs and is reported to the credit bureaus, affecting your credit record.
Renewals
When you renew a loan it is treated as an entirely new loan. The same interest, service fee and initiation fee apply and a fresh affordability assessment is completed.
Credit limit increases
Limits are reviewed when you request a renewal. A clean repayment history helps, but any increase still depends on your income and affordability at that time.
Early settlement
You may settle your loan early at any time. Contact us before your debit order date and we will confirm the settlement amount, so you are not charged for credit you did not use.
Responsible lending. Short-term credit is designed to bridge a gap until payday. It is not a solution for long-term financial difficulty. Every application is subject to a credit bureau enquiry and an affordability assessment in terms of the National Credit Act, and we will decline an application where repayment would leave you worse off.