Loan terms
One price. Two ways to repay.
The terms that apply to every new Dial-a-Bag loan and renewal. No initiation fees, no service fees.
Interest
26%
charged once on the amount you borrow, never monthly
Loans from N$ 2,000
1 to 3 months
repaid in equal instalments on your salary dates
Smaller loans
Next payday
one payment of the full total
What you repay
Examples at common amounts. Government charges are stamp duty of N$ 5.00 and the NAMFISA levy of 1.03%. Your pre-agreement statement shows your exact figures before you sign.
| You borrow | Term | Interest | Government charges | Total to repay | Instalments |
|---|---|---|---|---|---|
| N$ 1,000 | Next salary date | N$ 260.00 | N$ 15.30 | N$ 1,275.30 | 1 × N$ 1,275.30 |
| N$ 2,000 | 2 months | N$ 520.00 | N$ 25.60 | N$ 2,545.60 | 2 × N$ 1,272.80 |
| N$ 3,000 | 3 months | N$ 780.00 | N$ 35.90 | N$ 3,815.90 | 3 × N$ 1,271.97last N$ 1,271.96 (rounding) |
| N$ 10,000 | 3 months | N$ 2,600.00 | N$ 108.00 | N$ 12,708.00 | 3 × N$ 4,236.00 |
Also part of every loan
- Settle early at any time: you pay interest only for the time you used the money.
- Cancel in writing within 3 days of signing, at no cost.
- Default interest of up to 5% of an overdue amount, for no more than 3 months.
- Instalments stay within a third of your gross salary.