Annual rate
The annual rate influences the finance charge and monthly instalment over the selected term.
Rates and loan terms
Review the rate, term and total repayment as one decision.
The configured website rate and calculator provide a planning basis. The final credit terms are confirmed only after the application has been assessed and the applicant has received the applicable documentation.
Rates and loan terms
A lower instalment can carry a longer financial commitment.
The repayment period affects both the monthly instalment and the total amount paid. Applicants should select a term that remains affordable without extending the obligation beyond what is reasonably necessary.
Speak with the VUKA teamRepayment period
VUKA website settings currently begin at 6 months and may be adjusted by the administrator.
Approved schedule
The final schedule records the approved amount, term, instalment and total repayment.
Application preparation
Questions to answer before acceptance
Read the complete proposal and confirm that the obligation remains manageable throughout the repayment period.
- What is the approved amount?
- How many instalments are payable and on which dates?
- What is the total repayment over the full term?
- Can the repayment be maintained if normal monthly costs increase?
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.