To apply for a home improvement loan
You must be a South African resident between the ages of 18 and 65
Your wage or salary of at least R5,000 a month must be paid into your personal bank account
You may also apply if you are self-employed, have a permanent or fixed-term contract, or you are a pensioner
Documents you’ll need to take to the store
Your valid South African identity card or document
Your stamped bank statements for the past three months
Your most recent payslip, or letter from your employer as proof of income if you are on contract
If you are retired, you can submit proof of your pension payments
This is a representative example of what you can expect to pay.
Loan amount
R50,000 borrowed over 84 months
Monthly instalment amount
R1,923.47
Monthly service fee
R69
Total amount payable
R115,408.20
Annual maximum interest rate
29.25%
Maximum annual percentage rate
34.05%
Initiation fee
R1,207.50
See our pricing guide for 2023
