Products
We offer a variety of products; short-term, medium-term, and long-term loans as well as insurance products.
Flexible short-term loans to cover immediate expenses
Payday
- Repayment: One instalment (on your next payday)
- Minimum loan amount: R1,000
- Maximum for first-time borrowers: R2,000
Payday+
- Repayment: Two monthly instalments
- Minimum loan amount: R3,000
Payday+2
- Repayment: Three monthly instalments
- Minimum loan amount: R4,000
- Perfect for structured short-term budgeting needs
Loan Amounts
- Minimum loan amount that can be given out to individuals is R1000,00
- Maximum loan amount that can be given out to individuals is R5000,00
- First time users can borrow a maximum of R2000,00 and after checking affordability.
- Qualification for higher amounts is dependent upon the repayment records on previous loans with SizabonkeFS and a client’s current credit score.
Please Note
All loans are subject to credit approval. Terms and conditions apply. Please contact us for more details.
Tailored funding to help your business grow - reviewed case by case.
We know every microbusiness has its own story and ambitions. Our medium and long-term funding solutions are assessed individually so we can design support that fits your cashflow, growth plans and risk profile.
Whether you're scaling operations, buying equipment, or expanding into new markets, we'll work with you to find the right structure and terms.
What to expect
- Personal assessment of your business needs and repayment capacity.
- Flexible terms aligned to your growth timeline.
- Support for capital expenditure, inventory, working capital and expansion.
- Transparent criteria - we explain what we need and why.
How we assess applications.
- Business overview and purpose of funds.
- Historic cashflow / projected cashflows.
- Collateral guarantees (if applicable).
- Repayment plan tailored to your business cycle.
SizaCover Overview
SizaCover provides a range of insurance solutions designed for individuals and microfinanciers. These include standalone for funeral cover for peace of mind and credit life insurance with optional lifestyle and funeral benefits. tied to loans. Below, we outline our key products, features, eligibility and benefits to help you choose the right coverage.
Standalone Funeral Cover
This product offers flexible funeral insurance that can be taken out independently, without needing a Loan. Its ideal for existing client seeking death-only coverage for themselves and their family, while providing microfinanciers an opportunity to generate additional income.
Key Features
- Coverage: Pays out in the event of the main member's death (no coverage for events like retrenchment).
- Policy Limit: One policy per policyholder.
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Eligibility:
- Age: 18 to 65 years for up to R25,000 cover; 66 to 75 years for up to R7,500 cover.
- Available to both South African citizens and non-citizens with a valid South African ID or passport and bank account.
- Beneficiaries: Add up to 5 (spouse, biological or legally adopted children). Beneficiaries over 18 can apply for their own policy.
- Waiting Periods:
- Natural causes: 6 months for main member, spouse, and children.
- Unnatural causes: No waiting period.
- Suicide: 24 months.
- Cancellation: Cancel in writing with 30 days' notice, or automatically due to non-payment (with notifications per Long-Term Insurance Act).
Coverage Plans
| Plan | Monthly Premium | Payout Amount |
|---|---|---|
| Plan A | R79 | R7,500 |
| Plan B | R143 | R15,000 |
| Plan C | R188 | R25,000 |
Credit Life Insurance (CLI) with Living Lifestyle & Funeral Benefits
This product combines credit life insurance to protect loan balances with optional add-ons for disability, retrenchment, and enhanced funeral/lifestyle benefits. It covers only the main member (loan applicant) and is tied to loans for added security.
Key Features
- CLI Coverage: Settles the outstanding loan balance in the event of death.
- Additional Optional Benefits: Full loan settlement for temporary/permanent disability, retrenchment, or death if unable to earn income.
- Eligibility: Main member only; must be tied to an active loan.
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Waiting Periods (for Funeral Add-On)
- Natural causes: 6 months for main member and children; spouse and children also 6 months.
- Unnatural causes: None.
- Suicide: 24 months.