Our interest rate hasn't changed in the two years of our existence. And I don't foresee it changing for the near future, which is a good thing.
The other good thing is that we have no hidden fees, no admin fees, and no additional costs whatsoever. Our interest rate is simple and to the point, and by the way, it's the most affordable in South Africa guaranteed. We will match or beat any other rate on the market.
So what is our current interest rate? It is R1 per R1000 per day. The idea with that is for every R1000 that you take, we charge you R1. So if you take R100 000, we will charge you R100.
If you take R100 000 from us, it would be R100 per day and if you take the money for 30 days, it would be R3000 in interest, that is the most affordable for sure. And we'll match or beat anyone else. So if you take R100 000, at the end of the term of 30 days, we would get R103 000 back and whatever other money that you were due from the sale would go to you.
It's pretty straightforward. That's our current interest rate to answer that question, and we are looking forward to assisting you at that rate and getting you your money, now.
Gal Ezra,
Managing Director,
Empower Funding