Applicable fees charged on asset finance loans for individual clients
Monthly fees
Monthly admin fee
R69.00
The monthly admin fee is a monthly bank fee that is charged for the administration of an account in terms of the National Credit Act.
Initiation fees
Compulsory initiation fee Once Off
R1207.50
The initiation fee is a compulsory once off bank fee that is charged when opening a new account in terms of the National Credit Act. The initiation fee can be financed as part of the loan (this is generally the case), or paid separately.