Elevate Funds provides accessible microfinance solutions, empowering individuals and small businesses with financial resources to achieve their goals.
Up to R5 000 Credit Card or Cash deposited into your bank account
Easy & Convenient Credit from R500 to R5000
ELEVATE FUNDS is based on friendships, understanding, compassion, mutual trust and most importantly sharing. These principles coupled with our core values, form the foundation of our organisational culture.
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Fully compliant with National Credit Regulator guidelines
Choose one of the options below to apply for a payday loan
Clear and competitive rates with no hidden fees
MAXIMUM APR: Our maximum annual percentage rate is 38%.
REPAYMENT DAYS: We offer repayment periods from 61 to 65 days.
COLLECTION: All payments are done via debit order.
RENEWALS: When you renew a loan, it will be seen as a new loan and therefore the same interest and rates will apply as for the new loans.
Non-payment of your account will result in an R50 service fee and 5% interest added every month. If you fail to make payment for two months, your account will be handed over to an external debt collection company.
Not repaying your loan on time will decrease your credit rating and might make it difficult to qualify for finance at other credit providers in future.
Elevate Funds is registered as credit provider with National Credit Regulator (NCR). The repayments on our Payday loans are in line with NCR guidelines.
Please refer to the example below:
| Cap Amount | Initiation fee | Service fee | Interest | VAT | Total Rep |
|---|---|---|---|---|---|
| R 500.00 | R 75.00 | R 85.00 | R 26.00 | R 24.00 | R 710.00 |
| R 1000.00 | R 150.00 | R 85.00 | R 50.00 | R 32.00 | R 1370.00 |
| R 2000.00 | R 250.00 | R 85.00 | R 95.00 | R 50.00 | R 2480.00 |