Loan products

InstaFund - Products - Car
InstaFund Car
BORROWER MINIMUM REQUIREMENTS
  • Borrower to be a registered SA Company
  • Minimum Turnover of R1mio per annum
  • Minimum 12 months track record
  • Borrower to demonstrate ability to repay
MINIMUM LOAN AMOUNT

Minimum Loan Amount R50,000.

MAXIMUM LOAN AMOUNT

No specific maximum limits imposed. However, the maximum amount we have funded in the past has been R200,000.

INTEREST RATE *

From 3% per month

LOAN TERM

Maximum Term 24 months.

LOAN PURPOSE

To purchase a car.

REPAYMENTS **

Monthly or Weekly.

InstaFund - Products - Equipment
InstaFund Equipment
BORROWER MINIMUM REQUIREMENTS
  • Borrower to be a registered SA Company
  • Minimum Turnover of R1mio per annum
  • Minimum 12 months track record
  • Borrower to demonstrate ability to repay
MINIMUM LOAN AMOUNT

Minimum Loan Amount R50,000.

MAXIMUM LOAN AMOUNT

No specific maximum limits imposed. However, the maximum amount we have funded in the past has been R1,000,000.

INTEREST RATE *

From 3% per month

LOAN TERM

Maximum Term 24 months.

LOAN PURPOSE

To purchase equipment.

REPAYMENTS **

Monthly or Weekly.

InstaFund - Products - Working Capital
InstaFund Working Capital
BORROWER MINIMUM REQUIREMENTS
  • Borrower to be a registered SA Company
  • Minimum Turnover of R1mio per annum
  • Minimum 12 months track record
  • Borrower to demonstrate ability to repay
MINIMUM LOAN AMOUNT

Minimum Loan Amount R50,000.

MAXIMUM LOAN AMOUNT

No specific maximum limits imposed. However, the maximum amount we have funded in the past has been R2,000,000.

INTEREST RATE *

From 3% per month

LOAN TERM

Maximum Term 12 months.

LOAN PURPOSE

To finance suppliers, stock and debtors.

REPAYMENTS **

We try to match the cash proceeds received by the Borrower with the repayments due to us.

OTHER COSTS
  • The Borrower receives an upfront quote showing all the costs related to the loan – there are no hidden costs.
  • There are no application fees and no upfront payments.
  • Once our quote is accepted and the agreements are signed, we expect that you conduct your business without any deviations to what has been agreed.  If your situation changes for the worse, you would need to approach us with a refinancing request, which if granted may lead to additional costs that will be disclosed upfront to you. Please note that non-payment may affect your credit rating, which may affect your ability to  borrow in the future.
  • Should you delay any scheduled repayments, you may be charged a penalty fee in addition to the interest costs agreed. This penalty fee will be displayed in our upfront quote to you – there are no surprises.
  • Should you choose to early settle your loan, you will be charged an early settlement fee. The early settlement fee will be displayed in our upfront quote to you – there are no surprises.
FOOTNOTES

* The interest rate is dependent on the Borrower’s risk profile. We look at past cash flows & profitability to determine the repayment ability of the Borrower.

** We consider the Borrower’s requirement and ability to service the loan. We also consider the specific transaction requiring funding.