C General

Cost of Living

Cost of Living
How much money you need every month just to exist — rent, food, transport, electricity, data. In Johannesburg it's way higher than Durban or Cape Town. If your rent is R8,000 in Sandton but only R3,500 in a township, that's the difference in your cost of living.

Usage Examples

"Thandi moved from the Joburg CBD to Soweto and her cost of living dropped by 35% just on rent. Suddenly she could actually save money."

"When lenders check if you can afford a loan, they're looking at your cost of living. If your income barely covers your basics, they're not lending you R100,000."

"Load shedding has tanked a lot of people's budgets — suddenly the cost of living in South Africa spiked because electricity is intermittent and backup power is hectic."

Ready to Apply?

Now that you understand the terms, take the next step and apply for a loan today.