Finance27

Finance27 is a South African short-term lender that stands out for one key feature: a maximum APR of just 38%, which is significantly lower than the NCA maximum of 60% charged by most short-term lenders. This makes Finance27 one of the most affordable options in the short-term lending space — a notable distinction in a market where most competitors charge the regulatory maximum.

Finance27 operates as a fully NCR-registered credit provider, offering same-day loans with a simple application process. Their lower-than-market rates attract cost-conscious borrowers who need short-term credit but want to minimise the interest cost.

Loan Products

Finance27 Short-Term Loan

The core product offers R500 to R8,000 with a fixed repayment term of 61 to 65 days. This is a single-product lender — they focus on doing one thing well rather than offering a range of complex products. The loan is designed as a bridge between paydays or for covering unexpected expenses over a 2-month period.

Interest Rates and Fees

• Interest rate: Maximum APR of 38% — significantly below the 60% NCA maximum
• Initiation fee: As per NCA regulations
• Monthly service fee: Up to R69 per month
• Repayment term: Fixed at 61-65 days

The 38% APR is Finance27's major competitive advantage. To illustrate: on a R4,000 loan over 62 days, the interest at 38% APR would be approximately R258, compared to approximately R408 at the standard 60% APR. That's a saving of R150 — meaningful for a borrower on a tight budget.

Application Process

1. Online: Visit finance27.co.za and complete the application form
2. Verification: Finance27 runs credit checks and affordability assessments
3. Approval: Decision typically within hours
4. Payout: Same-day for approved applications during business hours

Eligibility Requirements

• South African citizen or permanent resident
• At least 18 years old
• Proof of employment and income
• Active South African bank account
• Valid SA ID number
• Not under debt review or sequestration

Who Is Finance27 Best For?

Finance27 is the best choice for cost-conscious short-term borrowers who want the lowest possible interest rate on a small loan. If you need R500-R8,000 for about two months and want to pay less interest than at Wonga, Boodle, or FASTA, Finance27's 38% APR cap saves you real money. The fixed 61-65 day term also provides certainty — you know exactly when your loan will be repaid.

The main limitation is flexibility: you cannot choose a shorter or longer term, and there is only one product. If you need a 1-month or 6-month loan, another lender may be more suitable.

Pros

• Lowest short-term rate — maximum APR of 38% vs. industry standard 60%
• Same-day payout
• NCR registered and fully compliant
• Simple, single-product approach — no complexity
• Meaningful cost savings compared to competitors

Cons

• Fixed repayment term of 61-65 days — no flexibility
• Maximum loan of R8,000
• Single product only — no longer-term options
• Less well-known brand than Wonga or Capitec

Regulatory Information

Finance27 (Pty) Ltd is a registered credit provider with the National Credit Regulator. NCR registration number: NCRCP14028. All lending products comply with the National Credit Act 34 of 2005.