Rental Service Charges
Besides the deposit and monthly rental that we will pay to Supplier once we collected from User, additional fees for our service apply.
Once-Off Charges
Charge | Amount | |
---|---|---|
Documentation Fee | R1499 | For first time applicator. |
R499 | For Users are renting or finished previous rental. | |
Credit Check | R299 | We will run a comprehensive credit check during application and will email it to you if your application approved. |
# All Price Exclude VAT. Those once-off charges will only be charged with first debit order after your application approved.
Recurring Charges
There is not monthly recurring charges above the month rental amount charged by Supplier. However, if payment has not been collected on time, overdue charges will apply.
Overdue Payment Charges
Interests
Based on Prescribed Rate of Interest Act, all overdue payments must be levied at the Prescribed Rate of Interest, at present the rate is 10% per annum.
We will provide User a bank account that prevision deposit can be made before debit order go off to avoid bounced debit order and those charges.
Charges
Charge | Amount | |
---|---|---|
Late Payment Fee | R199 | If debit order bounced, this penalty fee will apply, once per month. #1 |
Debit Order Collection Fee | R19 | For us resubmit debit order to collect again, charge on every attempt despite success or not. |
Letter of Demand | R499 | We will involve our Attorney after the agreement been breached, which is when due payment more than 10(ten) days. First Letter of Demand and further admin and legal cost occurred will be on User's account. |