Repayment is a single DebiCheck debit order, aligned to payday where possible, with manual payment as backup.
Verify NCRCP22362 and Clearwave Innovations (Pty) Ltd on ncr.org.za before signing.
Repayment timeline if a payment is missed
| Timeline | What happens |
|---|---|
| Day 1 | Penalty interest accrues at the NCR-capped rate; SMS reminder sent |
| Day 3–7 | DebiCheck retry attempt |
| Day 30 | Bureau listing recorded as missed |
| Day 60+ | Handover to collections |
| Day 90+ | Potential legal action |
| Verify NCRCP22362 and Clearwave Innovations (Pty) Ltd on ncr.org.za before signing. |
Best practices for repayment
- Align DebiCheck with payday where possible
- Pay early when you can — daily interest makes early settlement cheaper
- Keep repayment proof for several months
- Contact support before hardship becomes a miss — silence leads to retry and bureau listing
Verify NCRCP22362 and Clearwave Innovations (Pty) Ltd on ncr.org.za before signing.
Early settlement
Under NCA Section 125, settle any time — capital plus accrued interest, unpaid fees and pro-rated insurance, no early penalty under R350,000 short-term credit. Use cabinet bank details and loan reference.
Verify NCRCP22362 and Clearwave Innovations (Pty) Ltd on ncr.org.za before signing.
Extension or postponement
Expect a shortfall? Contact Jabulani Money before the due date. Extensions are case-by-case, never automatic, often with extra cost — after the due date the option is gone.
Verify NCRCP22362 and Clearwave Innovations (Pty) Ltd on ncr.org.za before signing.
FAQ — How to repay
Can I repay early without penalty? Yes — no prepayment penalty under the NCA; interest only for days outstanding.
What happens on the first missed payment? Penalty interest starts at the NCR-capped rate immediately; SMS reminder same day.
How do I request a payment extension? Contact support before the due date — extensions are discretionary, never guaranteed.