How much do you need?

When is your next payday?

Interest:

Fees:

Total Repayment:

Enter your South African ID Number




By submitting your information you are allowing or providing WFS with a consent to do a credit check with a credit bureau

Repayment period:
Minimum: 60 Day
Maximum: 90 Days
APR
Our annual percentage rate is 36%

Please note that these are only approximate figures. All rates are calculated on a daily basis as stipulated by the National Credit Regulator. Please request a quote from us to determine the actual repayment amount and installment(s) should you wish to apply for a loan.

APR

5% per month (which equates to a maximum of 60% APR) for the first loan of the year and 3% per month (which equates to a maximum of 36% APR) for other loans in the same calendar year.

Repayment Terms

Repayments will be made over no less than 2 months and no more than 6 months. 

RENEWAL POLICY

No Renewals of Loans are automatic. All New loans are subject to employment and affordability criteria. A Consumer will qualify for the same amount if it is paid successfully for 3 times. Thereafter limit may be reviewed depending on consumer’s Financial circumstances and affordability. No additional fees are charged to Renew a loan. Each loan carries its standard fees in terms of Chapter 5 of the Credit Act No 34 of 2005.

COLLECTION POLICY

All Collections are done by NAEDO Debit orders and soon to be introduced AC (Authenticated Collections) via FNB.

NON-PAYMENT

Non-payment will result in a R60 service fee charge if the loan is arrears for 30 days. Additional Interest of 3% per month may also be added for up to 2 months. After this the Debt will be handed over to our external collection agency and their Attorneys. Not paying your loan could impact your Credit Rating and make it difficult to qualify for finance at other Credit Providers.

EXAMPLE

If R2000 is borrowed for 60 days.
Initiation Fee: R255.00
Service Fee: R104.50
Interest: R58.32
VAT: R00.00

Total to Repay: R2610.62

REQUIRED DOCUMENTS TO APPLY:

REQUIRED DOCUMENTS TO APPLY:

You must be 18 years or older


Have a valid South African ID number


Latest 3 months bank statement


Have a valid cell phone number


Your bank account details


Proof of residence

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WHY CHOOSE WFS SERVICES?

WHY CHOOSE WFS SERVICES?

Conveniently Electronic.
With our paperless safe and secure, online credit application platform, we will ensure that all your information will be kept private and confidential.

Flexible Terms.
Apply for a loan from anywhere within the borders of the Republic of South Africa. Pay off your loan early and save on interest.

Transparency.
We offer competitive rates all while complying to the National Credit Act. There are no hidden charges. We make all our fees completely clear upfront before you apply.

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COVID-19


WFS Loans would like to reassure our clients that we will be fully operational during the national quarantine implemented by the president due to the Coronavirus (COVID-19).


All loans will be processed as usual, with same day pay outs, providing our clients with the service they’ve come to expect from WFS Loans.


The financial wellbeing and health of our clients remain our top priority.


WFS Loans will be operating as normal, and this situation will not have any impact on our service provided to you as our client.


We urge all our clients to please stay in contact regarding any payment arrangements, should you not be able to meet your obligations.


If you have any queries, please contact us at phfgbzre@jvyyvnzfsvanapr.pb.mn