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RCS Review

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R 2 000
R 249 999
Duration
1 year
APR (est.)
14.38%
Interest rate cost (est.)
R 7 956,39
Total cost (est.)
R 107 956,39
Monthly payment
R 8 996
over 12 months
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Representative example: Estimated repayments of a loan of r30,000 over 36 months at a maximum interest rate of 29.25% apr would be r1,381 per month including fees. Repayment terms can range from 2 - 72 months. Our service is free, and we only work with NCR-licensed lenders in South Africa. Minimum apr is 5% and maximum apr is 60%.
  1. Loan Amount
    R 2 000 - 249 999
  2. Duration
    12 - 60 months
  3. APR
    0 - 28,75%
  4. Min. Age
    18 years

RCS

RCS is a money management partner that simplifies your financial life. With RCS, you enjoy easy access to financial tools like loans, insurance, and financial advice. They can help you finance your dream projects, consolidate debt, and access insurance plans to secure your peace of mind. Their expertise, wide range of options, and customer-centric approach elevate your chances of achieving your financial goals. 

For loans, customers can borrow between R2,000 and R250,000, with repayment periods ranging from 12 to 60 months. The application process comes with quick approvals and disbursement of funds. Everything can be completed within 24 hours. All you need to qualify is a valid South African ID and proof of income. You can even back up your loan with robust customer protection options like insurance to cover repayments in cases of illness, disability.

Loan Products and Features

RCS focuses mainly on personal loans and retail credit. Here's an overview of their offerings:

Personal Loans

Get flexible access to loan amounts from R2,000 to R250,000. Choose repayment terms best suited to your budget, ranging from 12 to 60 months.

Key Benefits:

  • Fixed repayment terms.
  • Competitive interest rates.
  • Flexible repayment periods ranging from 12 to 60 months.
  • Same-day approval for eligible applicants.

Unique Features:

  • No collateral required.
  • Loan protection insurance to safeguard against unforeseen circumstances.

Interest Rates:

  • Starting at 15%.
  • Rates are calculated according to the applicant's credit profile and the National Credit Act guidelines.
  • Fixed rates ensure predictability in monthly repayments.

Retail Credit Solutions

RCS Store Card:

  • Accepted at over 26,000 retail stores nationwide.
  • Interest-free payment options for up to 55 days.
  • Exclusive promotions and discounts.

Fuel Card:

  • Use at selected fuel stations for convenience.
  • Easy repayment terms integrated into your RCS account.

Insurance Products

RCS offers an array of insurance coverage, including loan protection, funeral cover, and credit life insurance. These options keep you financially safeguarded in critical situations.

Application Process: Quick and User-Friendly

RCS’ application process is as simple and convenient as it gets. You can apply online or at the nearest RCS retail outlet. To get your application going, 

  1. Fill out an application on the RCS website or visit any participating retail outlet. Use the online loan calculator to estimate repayments before applying.
  2. Provide necessary documentation, including your ID, proof of income, and recent bank statements.
  3. Get instant feedback. RCS offers same-day approvals, ensuring minimal waiting time.
  4. Receive your funds immediately. Approved loan amounts are transferred directly to your bank account.

Eligibility Criteria and Required Documents:

To qualify for an RCS loan, applicants must meet the following requirements:

  • Be at least 18 years old.
  • Possess a valid South African ID.
  • Have a stable income with proof (payslips or bank statements).
  • Provide proof of address not older than three months.
  • Maintain a good credit history.

Rates and Repayment Terms: Transparent and Flexible

As an NCR-accredited lender, RCS keeps to industry-best standards when it comes to loan charges. Their rates are stated explicitly on their website, so there are zero chances of running into unforeseen charges with them. Here are the rates you can expect:

  • Interest Rates: Determined based on your credit profile, with competitive rates starting from as low as 15%.
  • Flexible Repayment Terms: Choose repayment periods between 12 and 60 months.
  • No Hidden Fees: RCS guarantees upfront disclosure of all costs, including initiation fees and monthly service charges.
  • Early Settlements: Customers can pay off their loans early without incurring penalties, offering additional flexibility.

Conclusion: A Trusted Partner for Financial Growth

RCS offers a line of services that combine accessibility, flexibility, and reliability to empower South Africans to achieve their goals. They cover your financial needs with soft personal loans, a store card for everyday purchases, and insurance protection. Their competitive rates, easy application processes, and a customer-focused approach makes them a trusted partner in the pursuit of financial well-being. What’s more, RCS also provides expertise to guide you every step of the way. 

Explore the options and elevate your finances with RCS today.