Annual rate
Confirm whether the rate is fixed or may change and how it affects the instalment.
Loan comparison
Compare more than the advertised monthly instalment.
A proper loan comparison considers the annual rate, repayment period, monthly instalment, total repayment, conditions and flexibility of the proposed agreement.
Loan comparison
Use the same amount and term when comparing options.
Comparisons become unreliable when one offer uses a different amount or repayment period. Place the proposals on an equivalent basis and examine the complete repayment rather than one promotional figure.
Speak with the VUKA teamRepayment period
A longer term may reduce the monthly amount while increasing the total repayment.
Complete obligation
Review the full quotation, payment dates, early-settlement position and consequences of missed payments.
Application preparation
A disciplined comparison checklist
Record each proposal in the same format before deciding which structure is appropriate.
- Amount advanced to the customer
- Annual rate and repayment frequency
- Number and value of instalments
- Total amount repayable over the full term
VUKA finance guidance
Make the decision from complete information.
Applications are assessed individually. The approved amount, repayment period and final credit terms depend on affordability, verification and the completed assessment.
R10,000Configured minimum application amount
6 monthsConfigured minimum repayment period
6% p.a.Current website planning rate
Every application is assessed on its own verified information.
The approved amount, term and repayment schedule are communicated after the assessment and before customer acceptance.