PrimeLoans 앱 분석 (9월 25일)

PrimeLoans Product Description: Loan amounts: ZAR 500 – ZAR 4,000 Loan terms: minimum 61 days, maximum 90 days (we offer loan terms ranging from 61 to 90 days. If the repayment date falls on a weekend or public holiday, the loan term will be automatically adjusted to the nearest business day — making repayments simple and convenient). Maximum APR: 29.2% Initiation fee and Service fee shown in the app include VAT (15%) Fees: Initiation fee — charged once, on activation. Fee depends on Loan amount: * For loans up to ZAR 1,300: 15% of the loan amount. * For loans from ZAR 1,300 up to ZAR 4,000. The fee is calculated as: ZAR 165 + 10% × (loan amount − ZAR 1,000). The initiation fee is shown VAT-inclusive, with VAT (15%) on the initiation fee amount charged at the same time. Service fee — depends on the number of calendar months covered by the loan. Charged on activation. Calculation: * If loan spans two months: Service fee = (number of days until the end of the month in current month) × (ZAR 60 ÷ days in disbursement month) + ZAR 60 for the final month. * If loan spans more than two months: Service fee = (number of days until the end of the month in current month) × (ZAR 60 ÷ days in disbursement month) + ZAR 60 × number of subsequent months. The service fee is shown VAT-inclusive, with VAT (15%) on the service fee amount charged at the same time. Interest is calculated at the applicable daily rate and displayed in the pre-agreement calculation. Interest amount = (loan amount + Initiation fee) × daily interest rate × term. Example: Loan amount (Disbursement): ZAR 2,000.00 Term: 75 days (Disbursement date 17 Oct → Maturity date 30 Dec) Daily rate: 0.08% = 0.0008 Interest = (2,000 + 265) × 0.0008 × 75 ≈ ZAR 136.50 (The calculation amount has been rounded) Initiation fee = 165 + 0.10 × (2,000 − 1,000) = ZAR 265.00 Service fee = 14 × (60 ÷ 31) + 120 = ZAR 147.10 VAT (15%) on Initiation fee: 265.00 × 0.15 = ZAR 39.75 VAT (15%) on Service fee: 147.10 × 0.15 = ZAR 22.07 Total VAT = ZAR 61.82 Final calculation: Principal 2,000.00 + Interest 136.50 + Initiation 265.00 + Service 147.10 + VAT 61.82 = ZAR 2,610.42 Total repayable (VAT on top): ZAR 2,610.42 For any questions, feedback, or hesitations, please contact us via the following methods: Website: https://PrimeLoans.co.za/ Phone: +27 21 139 0909 email: support@primeloans.co.za General information: Prime Loans Technology (Pty) Ltd is a company duly incorporated and registered under the laws of South Africa, with a company registration no. 2024/739416/07 and the National Credit Regulator registration number NCRCP20937 Privacy policy: https://primeloans.co.za/privacy-policy/