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Making an early repayment on your instalment loan
You may early repay the instalment loan in full, but not part of it at any time. If you wish to repay your Loan early, you can simply make the request via ZA Bank App.
You will be required to pay the remaining principal, plus the accrued but unpaid interest for the instalment that you make early settlement, plus any other sum due to us. We will also charge you an early settlement fee of 2% of the outstanding principal amount.
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Questions related to “Instalment Loan”
Instalment loan required documentsWhen will the loan be credited to my account upon approval?How soon can I re-apply for a loan after refusalRequired monthly income for loan applicationsHow to repay your loan
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*‘No.1’ is defined by ZA Bank’s leading position in the virtual banking industry in terms of personal deposits and loan amount as of 30 June 2021.
ZA Bank has also gained the support of more than 400,000 users as of 31 July 2021, becoming the largest virtual bank in terms of user base. Source: media reports.
ZA Bank has also gained the support of more than 400,000 users as of 31 July 2021, becoming the largest virtual bank in terms of user base. Source: media reports.