Apply for Powerflow Finance TODAY! Take advantage of affordable credit and a world of benefits!
Signing up is simple and fast. Simply complete a printed application form OR apply at one of our Powerflow Exhausts Stores. The decision on your application will be available within 15 minutes!
Powerflow Finance is a credit facility that makes buying what you need from us a whole lot easier.
With a Powerflow Finance account you can take the grudge out of unforeseen expenses and buy those wants & needs when you want them & when you need them.
What’s more, once you have an account, you don’t need a card to shop at your favourite Powerflow Exhausts Store, all you need to do is take your South African Driver’s License or ID along with your cell phone to any store and start shopping!
Flexible payment options mean you can choose a payback period that suits your pocket whilst giving you control of your budget. We’re making aftermarket exhausts and accessories more affordable than ever!
With Powerflow Finance, there are no nasty surprises. What you see is what you get !Flexible payment terms of up to 24 months, Initiation fee of R45 & a Monthly admin fee of R9pm.
For more information about how to apply for Powerflow Finance, ask any one of our helpful assistants or contact our nearest store (find them on the dealer page)
Powerflow Finance is provided by FeverTree Finance, a registered Credit Provider NCRCP6072.
Credit Support - visit www.fevertreefinance.co.za
*subject to change
- Apply in-store or
- and complete the application form and email to email@example.com or fax it to 086 675 5556.
Frequently Asked Questions?
What is gross income?
Your gross income is how much you make before taxes every month. Take your annual salary before deductions and divide it by 12 months. For example: Peter earns R120, 000 per year as a salesman. His gross monthly salary is R10,000 per month.
What is the instalment?
The instalment is the minimum amount that will be deducted from your bank account every month. Your bank statement will reflect “Powerflow Finance” when each instalment is deducted.
Our credit partner FeverTree Finance will handle the collections on our behalf.
What interest rate is charged and what fees do I need to cover?
We charge an annual interest rate of 20% compounded for monthly. The interest rate is within the prescribed interest rate as specified in the National Credit Act and is linked to the prime rate of interest. Fees may be charged on initiation (set-up) of your facility and on a monthly basis to maintain the facility (please refer to the application form for the specific fees and interest rate).
These fees do not include the costs of recovering the loan in the event of you missing any of the due payment dates nor does it include lawyers fees on collection of outstanding loans. These will be additional fees incurred by you. You should review the terms and conditions provided to you for the specific interest rate and fees related to your account.
What is the total amount?
The total amount is the total credit that will be owing plus interest and fees. Your terms and conditions provided to you will detail the specific interest rate and fees applicable to your account.
Do you need an email address?
No! Our primary reason for an email address is that we send our monthly statements via email. We also send your loan quotation, terms and conditions to your specified email address. We aim to reduce our carbon footprint by going as paperless as possible. Sending three pages of statements, every month adds up to a substantial amount of paper over time. If you do not have an email address, an online email address can be registered at: http://www.gmail.com or http://www.yahoo.com.
If you do not have an email address, we will SMS you a summary statement every month of what your next payment is. You may call our call centre for your latest statement.
How much do you want to borrow?
This is the maximum amount that you would like to use at Powerflow Exhausts. Please select the suitable credit facility amount on the credit application form.
Make sure that the amount that you would like to borrow is more than your purchase amount on credit. In some cases, if your credit score and affordability test allows it, we will approve you for more than you are asking for.
The actual credit used will be the exact value of the goods purchased.
How long do I have to repay any credit that I use?
You will need to repay any credit used over a period of 24 months. Any subsequent credit transactions you make will also need to be repaid over 24 months from the date of each subsequent purchase.
What is the address information?
It is imperative that you provide a correct residential address. This is verified against data at the credit bureau for fraudulent and incorrect information. We also need a postal address (if this differs to the residential address) for any communication in terms of the National Credit Act. We need to know how long you have lived at the residential address that you have provided.
This will help us calculate the appropriate credit score and your credit limit. If you live in a house-share, you should select 'A tenant'. Students who are in residences should select 'A tenant'.
Your job type is important information in determining your credit score. Our affordability tests will be largely determined by the type of job that you have.
What monthly expenses should be included?
The monthly expenses could include the following:
- - Electricity costs
- - Cell-phone contracts
- - Home loan instalments
- - Child support/maintenance expenses
- - School fees
- - Medical aid
- - Car loan repayments
- - Furniture/jewellery repayments
- - Insurance policies
- - Levies, rates, taxes
- - Transport - fuel, taxi, bus, train
Are you registered as a Credit Provider?
Yes, we have partnered with FeverTree Finance to provide Powerflow Finance, FeverTree Finance is a registered credit provider (registration number is NCRCP6072)
Do you subscribe to the Credit Industry Code of Conduct?
Yes, FeverTree Finance subscribes to the Credit Industry Code of Conduct.
Who can I speak to for help on debt management?
1.1. Contact centre: FeverTree Finance 0861-007-709;
1.2. National Credit Regulator: 0860 627 627 or 0860 NCR NCR;
1.3. National Consumer Tribunal: 012 394 1450;
1.4. Banking Ombudsman 0860 800 900 (only if we are a bank); and
Credit bureau(s): ITC Transunion 0861 482 482; XDS 011 645 9100 and Experian 0861 10 56 65.
Why are applications for credit sometimes declined?
FeverTree Finance is a registered Credit Provider and adheres to the provisions of the National Credit Act. They are required to perform an affordability test for the accounts we open. If you cannot afford the account, or are perhaps overdue on some other accounts, the credit bureau comes back with a decline.
Can you settle early?
Yes, you are more than welcome to settle early with no penalty. Deposit fees will apply if the repayment is deposited at a bank. The customer must settle with FeverTree and NOT THE STORE. Please call our call centre (0861-007-709) and they will let you know what the outstanding amount on your facility is.