Key parameters
| Parameter | Value |
|---|---|
| Minimum amount | R500 |
| Maximum amount (first loan) | R4,000 |
| Term | Up to ≈ 35 days for first-time clients, payday-aligned |
| Interest rate | Within the NCA cap — up to 5% per month on a first short-term agreement of R8,000 or less |
| Initiation fee | NCR cap — up to R165 plus 10% of the amount above R1,000, maximum R1,207.50 |
| Monthly service fee | Up to R69 incl. VAT (NCR cap) |
| Credit life insurance | Optional, capped premium |
| Verify NCRCP22362 and Clearwave Innovations (Pty) Ltd on ncr.org.za before signing. |
Requirements to qualify
- Age 18+
- SA resident with valid ID
- Active SA bank account in your name — Capitec, FNB, Standard Bank, ABSA, Nedbank, TymeBank, Discovery
- Verifiable income — usually three months' bank statements
- Active mobile for OTP
Verify NCRCP22362 and Clearwave Innovations (Pty) Ltd on ncr.org.za before signing.
Example cost breakdown
Illustrative example for a R3,000 loan repaid in 30 days:
| Cost component | Amount (ZAR) |
|---|---|
| Interest (5% per month) | R150.00 |
| Initiation fee = R165 + 10% × (R3,000 − R1,000) | R365.00 |
| Monthly service fee | R69.00 |
| Credit life insurance (optional) | ≈ R6.00 |
| Total repayable (approx.) | ≈ R3,590.00 |
| Actual costs depend on your individual pre-agreement quotation and risk profile; this table is illustrative only. |
Verify NCRCP22362 and Clearwave Innovations (Pty) Ltd on ncr.org.za before signing.
Risk warning
Short-term credit is costly when annualised. Missing the due date brings penalty interest, debit-order fees and bureau listings. Use only for real emergencies — never to plug a gap from a previous loan.
Verify NCRCP22362 and Clearwave Innovations (Pty) Ltd on ncr.org.za before signing.
FAQ — Terms
What is the maximum I can borrow from Jabulani Money? R4,000 first loan; repeat clients with good history may get slightly more over time.
Are there hidden fees? No — NCR caps apply and all fees must appear in your pre-agreement quotation before signing.
Can I settle my Jabulani Money loan early? Yes — no penalty under NCA Section 125.