Herewith a summary of a R500 000 loan:
26 weeks / 6 months @ 25%
- Approved loan amount: R500 000.00
- Once off facility fee: R125 000.00 (25%)
- Total facility: R625 000.00
- Weekly repayment over 26 weeks: R24 038.46 per week
Monthly repayment over 6 months: R104 166.67
30 weeks / 7 months @ 30%
- Approved loan amount: R500 000.00
- Once off facility fee: R150 000.00 (30%)
- Total facility: R650 000.00
- Weekly repayment over 30 weeks: R21 666.67 per week
Monthly repayment over 7 months: R92 857.14 per month
34 weeks / 8 months @ 35%
- Approved loan amount: R500 000.00
- Once off facility fee: R175 000.00 (35%)
- Total facility: R675 000.00
- Weekly repayment over 34 weeks: R19 852.94 per week
Monthly repayment over 8 months: R84 375.00 per month
Rellum Investments do not offer any loans but acts as an intermediary in facilitating your financial requirements and provide an administration service to process your loans.