Loans

Apply for a loan up to a maximum amount of R50 000, after one year Samba membership.

What do you need to know about Samba loans?

  • The interest rate is fixed at 12%* per annum, which means that your monthly instalment remains the same for the full term.
  • The repayment period is up to 24 months.
  • Maximum loan amount is R50 000.

What do I need?

  • Completed loan application form.
  • Most recent month’s bank statement or most recent payslip or financial statements, if self employed.
  • A copy of your ID.
  • Proof of Residence.
 

How to apply?

Click here for the application form.

An illustration of the instalment:

LOANTERMMONTHLY INSTALLMENT
(@12% p.a)*
TOTAL PAID
R 5 00024 MonthsR 235.37R 5 648.88
R 15 00024 MonthsR 706.10R 16 946.40
R 25 00024 MonthsR 1 176.83R 28 243.92
R 40 00024 MonthsR 1 882.92R 45 190.08
R 50 00024 MonthsR 2 353.65R 56 487.60

Calculator

Use our handy calculator to work out an estimate instalment.



Samba provides the calculators for convenience. Samba gives no warranty as to the accuracy, reliability and completeness of any information, formulae or calculations provided through the use of the calculator and does not accept any liability for loss or damage of whatsoever nature, which may be attributable to the reliance on and use of the calculator. Samba's terms and conditions apply to all finance applications.

* The costs and interest can change from time to time as determined by the credit provider. Terms and conditions are applicable. Applications and loan amount are subject to approval. Only available for Samba members after one year membership.