298, Moore Street Cnr Valley Road, East London, 5201.
[email protected]
Tel: 27 (011) 053 7545, 27 61 338 9562
Fax: 086 678 1322
9th September, 2013.
Habibullah Shaikhnag
ID: 4911195090083
Mafikeng 2745,
P.O Box 2674
LOAN APPROVAL LETTER
With reference to your Loan application requesting for a Loan Amount of R100, 000.00
I am pleased to communicate the APPROVAL of a Personal Loan of R100, 000.00 at 3.5% per annum
for a duration of 5 years to you by the management of WONGA Loans.
Below is the Loan Repayment schedule for the Loan amount.
LOAN REPAYMENT SCHEDULE:
===
Loan Amount: R100, 000.00
Loan Interest Rate: 3.5%
Loan Term: 5 years
Monthly Loan Payment: R1, 819.17
Number of Payments: 60
Cumulative Payments: R109, 150.50
Total Interest Paid: R9, 150.50
Note: The monthly loan payment was calculated at 59 payments of R1, 819.17 plus a final payment of
R1, 819.47. Be informed that Loan Sum paid before actual maturity is discounted at 12.5% of undue
interest rate.
Congratulations once again.
Wonga Finance SA (Pty) Company No. 2010/015269/07. A Registered Credit Provider. NCRCP 5033
LOAN TERM AND CONDITIONS
1. Loan Contract / Administration Fee: You
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