Debt Consolidation Loan

Key Features

✅ Loan Amount: R5,000 – R300,000 (covers 3–10 debts)
✅ Interest Rate: 7% APR (vs. 30%+ on credit cards)
✅ Term: 12–84 months (reduces monthly payments by 35% avg.)
✅ Savings Potential:

• Example: R100k debt at 25% → R60k interest over 5 years vs. R35k with consolidation

Target Market

• Over-Indebted Earners (3+ active loans)

• Credit Card/Retail Account Holders (Woolworths, Foschini, etc.)

• Salary-to-Salary Borrowers (Trapped in payday loan cycles)

How It Works

1️⃣ Apply Online – List all debts (amounts + interest rates)
2️⃣ Get a Savings Plan – See exact monthly reduction
3️⃣ Kamina Pays Your Creditors – Direct settlements within 48h
4️⃣ Single Payment to Us – Fixed amount, no surprises

Strategic Advantages for Kamina

🔹 Gap in the Market:

• 47% of SA borrowers have multiple high-interest loans (NCR 2023)

• Most lenders focus on new loans vs. debt repair

🔹 Kamina’s Edge:

• AI-Powered Savings Calculator:

  • *”Consolidating R80k? Save R1,200/month instantly”*

• Credit Rebuilder Program:

  • Free credit score tracking

  • 2% rate reduction after 12 on-time payments

Compliance & Risk Management

⚠ NCR Must-Dos:

• Prove net benefit to consumer (Rule 28A)

• Disclose all fees (initiation + monthly)

• No consolidation loans for those under debt review

⚠ Kamina Safeguards:

• 6-Month Cooling Off: Block new loans post-consolidation

• Mandatory Counseling: Partner with NCR-approved advisors