Fido Credit SA (Pty) Ltd is a registered credit provider (NCRCP16693). We believe you should see exactly what a loan costs before you agree to it — so the full cost of every loan is shown in the Fido app before you accept anything.
Fido offers short-term credit of R500 to R8,000, repaid over 30 to 90 days. Your loan has three cost components, all charged within the National Credit Act (NCA) limits for short-term credit:
Your exact cost depends on how much you borrow and for how long, and the app shows you the interest, fees, total amount repayable and the dates before you accept.
A loan of R1,000 repaid over 1 month: R30 interest + R190 initiation fee + R69 service fee = R289 in fees, or R1,289 including the principal. (This example reflects a repeat loan at 3% monthly interest; a first loan carries up to 5% interest — about R50 on R1,000.) Your actual offer is calculated for your specific loan and shown in full in the app before you accept.
There are no upfront fees to receive a loan — you never pay anything before your loan is disbursed. Anyone asking for a payment before releasing a loan is not Fido. For the full agreement, see our Terms of Service, and for help borrowing safely, our guide on how to borrow safely in South Africa.
