Know Your Rates And Fees
RainFin Account
Registration Fee
FREE
Transfers to a RainFin bank account1 FREE
Transfers to a SA bank account FREE
Representation rights verification FREE
Personal Borrowing
Application Fee FREE
Mandatory Credit Check Fee FREE
Once Off Initiation Fee 2.85%
(subject to NCA maximum)
Monthly Service Fee R 35.00
Business Borrowing
Application Fee FREE
Mandatory Credit Check Fee FREE
Once Off Initiation Fee 2.85%
(No maximum)
Monthly Service Fee R 60.00
Service Fee on Personal Loans
Loan Term Amortised Loan
1 Year 0.90%
2 Year 1.14%
3 Year 1.55%
4 Year 1.95%
Service Fee on Business Loans
Loan Term Amortised Loan
1 Year 0.90%
2 Year 1.14%
3 Year 1.55%
4 Year 1.95%
The fees are paid each month on principal and interest payments depending on the maturity of your loan
Late Payments (Paid by Borrower)
Debt Notification Postage R25.00 Fee
Debt Notification by Email R 0.65
(Sent by email)
Interest Rates
Repo rate7.00%
Prime Lending Rate 10.50%
Rates as published on: 18-Apr-2016

All prices include VAT.

1 Your bank will charge you for transferring money to a RainFin bank account according to their specific fees