Loan Terms & Conditions

Last updated: April 2026

1. Loan Amounts

KS Quickloans offers personal micro loans from R500 up to R50,000 subject to affordability assessment and credit checks.

2. Interest Rates

• R500 – R5,000: Interest is capped at 30%, repayable monthly.
• R5,000 – R50,000: Interest is capped at 50% over the loan term.

3. Repayment

Loan repayments are due on the agreed date each month. Late payments may incur additional fees as permitted by the National Credit Act.

4. Eligibility

• South African citizen or permanent resident.
• Valid 13-digit South African ID.
• Proof of regular monthly income.
• Active South African bank account.

5. Affordability Assessment

All applications are subject to an affordability assessment as required by the National Credit Act 34 of 2005.

6. Early Settlement

You may settle your loan early without penalty. Contact accounts@ksquickloans.co.za for a settlement quote.

7. Default

Failure to meet repayment obligations may result in additional charges, listing with credit bureaus, and legal action to recover the outstanding balance.

8. Contact

For questions about your loan, email info@ksquickloans.co.za.