Koodo made my loan application process so straightforward! I had cash in my account within a day.
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Precious K.
May 10, 2023
While the loan features are decent, I wish the repayment terms were a bit better.
Frequently asked questions
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What are the interest rates for the loans?
Our maximum annual percentage rate is 38%.
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What is the repayment period for the loans?
Repayment periods are up to 30 days.
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How can I apply for a loan?
You can apply online or via WhatsApp by submitting your identification documents and payslips.
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What happens if I can't repay my loan on time?
Non-payment will incur a R50 service fee and 5% interest added each month. Failure to pay for two months may result in the account being handed to a debt collection agency.