SK Solutions Fin

SK Solutions Fin is a financial information and application support platform for business financing in South Africa. The app is operated by INDUSTRIA COPACABANA S.A. It helps eligible business applicants explore financing for materials purchases, equipment purchases, and working capital needs. The only financing provider presented in the app is The Standard Bank of South Africa Limited. SK Solutions Fin and INDUSTRIA COPACABANA S.A. do not directly provide loans or other credit, make credit decisions, determine eligibility, approve applications, disburse or manage loan funds, or collect repayments. All credit assessment, approval, contractual terms, disbursement, and repayment arrangements are independently provided and managed by The Standard Bank of South Africa Limited. Key features: • View business-financing information for materials, equipment, and working capital needs • Review reference amounts, terms, rates, fees, estimated repayments, and installment schedules • Submit applicant, employment or business, identity-document, and bank-account information • Upload the front and back of an identity document • Submit an application and track its status and progress • Access financing-provider information and application support Reference financing information currently shown in the app: • Financing amount: ZAR 10,000.00 to ZAR 500,000.00 • Available repayment terms: 91, 120, 180, 270, or 360 days • Nominal annual interest rate: 10.50% • Maximum reference APR: 33.00%, including the interest and fees used in the app’s reference calculation • Review fee: 1.10% of the financing amount • Service fee: ZAR 35.00 per repayment cycle Representative 3-month example: For a financing amount of ZAR 40,000.00 over 91 days, the nominal annual interest rate is 10.50% and the estimated APR is 26.73%. Estimated interest is ZAR 1,047.12, the review fee is ZAR 440.00, and service fees total ZAR 105.00 (ZAR 35.00 for each of 3 repayment cycles). The estimated total repayment is ZAR 41,592.12, payable in 3 installments of ZAR 13,864.04, due approximately 30, 60, and 91 days after the repayment schedule starts. All amounts, rates, fees, repayment schedules, and examples above are reference information only and do not constitute a credit offer or guarantee of approval. Product availability and eligibility depend on the applicant’s circumstances and The Standard Bank of South Africa Limited’s independent assessment. Applicants must review and accept the final terms provided by The Standard Bank of South Africa Limited before entering into any financing agreement. SK Solutions Fin does not offer paid subscriptions or automatically renewing subscription services. Support: [email protected]