QuickFund Online — Products and Services
QuickFund offers a carefully structured portfolio of short-term credit products designed to serve the specific needs of each target market segment. All products are fully compliant with the National Credit Act and NCR guidelines, with transparent pricing, mandatory affordability assessments, and clear…
Section 4 · Business Plan
Products and Services
QuickFund offers a carefully structured portfolio of short-term credit products designed to serve the specific needs of each target market segment. All products are fully compliant with the National Credit Act and NCR guidelines, with transparent pricing, mandatory affordability assessments, and clear…
4.1 Product Portfolio Overview
QuickFund offers a carefully structured portfolio of short-term credit products designed to serve the specific needs of each target market segment. All products are fully compliant with the National Credit Act and NCR guidelines, with transparent pricing, mandatory affordability assessments, and clear terms and conditions.
4.2 Product 1: Short-Term Personal Loans
| Feature | Details |
|---|---|
| Loan Amount | R500 – R10,000 |
| Loan Term | 7 – 30 days |
| Interest Rate | 5% per month (maximum NCA prescribed rate for short-term credit) |
| Initiation Fee | R165 (maximum) as per NCA regulations |
| Monthly Service Fee | R60 (maximum) as per NCA regulations |
| Disbursement Method | EFT to bank account or mobile wallet |
| Repayment Method | Debit order, EFT, or in-store payment |
| Approval Time | Under 5 minutes via AI credit scoring |
| Eligibility | SA citizen/permanent resident, 18+, employed or verifiable income |
Short-term personal loans represent QuickFund’s core product and primary revenue driver. These loans are designed for consumers facing emergency expenses, cash flow gaps between pay cycles, or unforeseen financial needs. The AI credit scoring engine evaluates applicants using a combination of credit bureau data, bank statement analysis, employment verification, and alternative data sources.
4.3 Product 2: Payday Advances
Payday advances are salary-linked short-term loans designed for employed individuals who require access to funds before their next payday. Loan amounts range from R500 to R8,000, with terms of 1 to 30 days. Repayment is aligned with the borrower’s salary date via debit order, reducing default risk. QuickFund will establish partnerships with payroll service providers to offer integrated payday advance solutions.
4.4 Product 3: Micro-Business Loans
Micro-business loans serve entrepreneurs and small business owners requiring working capital for inventory, equipment, or operational expenses. Loan amounts range from R2,000 to R50,000 with terms of 1 to 6 months. The AI credit engine assesses micro-business applicants using mobile money transaction data, point-of-sale records, supplier payment histories, and social media presence as alternative indicators of business viability.
4.5 Value-Added Services
insurance covering death, permanent disability, and retrenchment.
Offered in partnership with a registered short-term insurer, generating
commission income for QuickFund.
education content covering budgeting, debt management, savings habits,
and understanding credit scores. This programme supports responsible
lending objectives and improves customer retention.
reports positive repayment behaviour to all major credit bureaus
(TransUnion, Experian, XDS), helping borrowers build and improve their
credit profiles over time.
4.6 Product Development Roadmap
| Phase | Timeline | Product/Feature |
|---|---|---|
| Phase 1: Launch | Months 1–6 | Short-term personal loans, payday advances, basic app |
| Phase 2: Expansion | Months 7–12 | Micro-business loans, loan insurance, financial literacy |
| Phase 3: Growth | Year 2 | Credit builder product, retail partnerships, API integrations |
| Phase 4: Diversification | Year 3–5 | Digital savings (banking partner), buy-now-pay-later, B2B payroll lending |
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