Asset Lending

© 2016 Asset Lending. Our Loans are for a maximum period of 180 days. In terms of the National Credit Act the Max interest rate charged is 5% for the first month and 3% for every subsequent month in the same 12-month period, therefore the maximum rate per client per loan is 20%. Loans are structured 30 days at a time and can be settled without penalty. Our loans are offered in strict accordance to the terms of the National Credit Act, the National Credit Regulator and the 2nd Hand Goods Act, and we are compliant with all local and state regulations. Our Fees, Finance Charges and Interest are expressly detailed in our contracts so our clients are always 100% certain of how much they have to repay to settle their loan. No affordability checks, credit checks, income or employment verifications are required and you will receive cash payment immediately once the deal has been approved. Our minimum term is 2 month and the maximum is 6 months. Loan Example: The amount of money we can advance against your movable assets depends on the value, term of the loan and condition of the items and will be assessed by one of our appraisal experts at no cost to you. Loan amount: R10,000 | First Month Finance Charge: R500 | Initiation/Admin (one time) Fee: R1050 | Total Repurchase Price: R11,550. If the loan is extended the Finance Charge for additional months (to a Maximum of 6 months) will be R300. Our minimum APR is 30% and maximum is 38%. The fees applicable to loans are as prescribed in the National Credit Act: Initiation fee (once off) = R165 for the first R1,000 and 10% of every R1,000 after that to a maximum of R1,050 Monthly admin fee = R60 per month