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Community


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Community

A one-stop forum for all your banking questions

RCP Loan

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New Contributor

If I pay off 15% of my original amount borrowed would my montly repayment amount then change if I borrow more money on my RCP?

 

For example; If my repayment amount has been R1000 a month and I borrow R10000 more on my RCP, would i then pay say R1600 a month?

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Community Coordinator

Hello @Seanchan ,

 

Please note that the RCP loan installment is fixed for the duration of your agreement. The difference will be your available funds.

 

Let us know should you need further assistance on this.

 

Regards,

Boitumelo

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