Three Components. Nothing More.
A bridging finance agreement under the NCA can only include the following charges. AMFinance will never add undisclosed administration levies, broker mark-ups, or exit penalties.
1. Interest
Interest accrues daily on the outstanding balance from the date the funds are disbursed. For short-term bridging credit the NCA caps interest at 5% per month (Section 2, Part A of the NCA Rate Schedule). Our standard rate is 3% – 4% per month depending on risk profile and product type — well within the statutory ceiling.
The exact annual percentage rate (APR) is disclosed in your pre-agreement statement (Form 20) before you sign.
2. Initiation Fee
A once-off fee charged for originating and processing your application. The NCA prescribes the maximum initiation fee formula:
Above R1,000: R200 + 10% of (Principal − R1,000)
Absolute cap: R1,207.50 per agreement (VAT inclusive) for personal loans. Commercial bridging agreements have a different schedule — disclosed in your quote.
The initiation fee may be added to the principal (capitalised) or paid upfront — your choice.
3. Monthly Service Fee
A fixed monthly administration charge covering account maintenance and statement processing. The NCA caps this at R69.00 per month (VAT inclusive) for personal credit agreements.
Bridging advances that settle within 30 days are charged a single month's fee only.
See Exactly What Your Bridging Loan Will Cost
Adjust the sliders below. All figures are indicative and for illustration only. Your actual costs will be detailed in a personalised pre-agreement statement (NCA Form 20).
Loan Parameters
Your Indicative Cost Breakdown
✅ No early-settlement penalty — AMFinance charges interest only for the days the funds were outstanding. You are never penalised for repaying ahead of schedule.
All figures are illustrative only and do not constitute a credit quotation or offer. Actual rates, fees, and terms are subject to a full credit assessment and will be set out in a compliant NCA pre-agreement statement (Form 20) and credit agreement prior to disbursement.
Repay Early, Pay Less — Always.
Bridging finance is designed to be short-term by nature. Property transfers, invoice settlements, and purchase order payments often happen faster than expected — and we think that is a good thing for everyone.
Because AMFinance calculates interest on a daily reducing balance, the moment you repay — even one day early — you stop accruing interest. There is no minimum interest period, no penalty clause, and no exit fee.
This is not just our policy — Section 125 of the National Credit Act gives every consumer the right to settle a credit agreement early at any time. We fully embrace this right and structure our products to reward swift settlement.
You may settle early at any time
The NCA grants every consumer the unconditional right to settle a credit agreement in full at any time without penalty. AMFinance will never include a clause that contradicts this right.
Interest stops the day you pay
We calculate interest per day. Repay mid-month and you owe interest for the days used only — not the full month.
Request a quote anytime
Contact us or log into your client portal to get an up-to-the-day settlement figure with a full cost breakdown. Quotes are free and valid for 5 business days.
The Transparent AMFinance Process
Free Quote
Submit your deal. We send a no-obligation cost illustration within 2 hours — no credit check required at this stage.
Pre-Agreement Statement
Once approved, you receive an NCA-compliant Form 20 (pre-agreement statement) and Form 21 (quotation) showing every rand of cost before you sign.
Sign & Disburse
Sign the credit agreement digitally. Funds are disbursed within 24 hours of receiving all required documents and the signed agreement.
Settle & Close
When your transaction concludes, you or your attorney repays the advance. Interest accrues only for the exact days the funds were outstanding.
NCR Registration: AMFinance (Pty) Ltd is registered with the National Credit Regulator (NCR) as required under Section 40 of the National Credit Act 34 of 2005. Our NCR registration number is disclosed in every credit agreement. If you have a complaint about our pricing or conduct, you may contact the NCR directly at 0860 627 627 or www.ncr.org.za.
Ready to See Your Personalised Quote?
Apply online in minutes. No upfront fee. No obligation. Your pre-agreement statement is issued free of charge before any commitment.