Where can I check my available loan amount?
You can view the level of credit available to you by logging in to your account, clicking the 'Portfolio' Tab and ticking the 'PSG Scriptfin Loan Facility' box.
How do I apply for a scriptfin loan facility?
You can apply for a loan by logging in to your account, clicking the 'Portfolio' Tab, ticking the 'PSG Scriptfin Loan Facility' box and clicking the 'Apply for a loan' link.
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Once you have applied, you will have to accept the mandate that contains the product terms and conditions. Once approved, your account status will be changed to a loan account to give you access to the facility. This should take two days.
Direct client fees
Fee (excl. VAT)
Charged at the current Prime lending rate
There are not initial or setup fees
Clients must have at least R100 000 invested in JSE Top 100 shares in their portfolio to be eligible for the facility
Clients are subject to a credit evaluation
A Loan to Value (LTV) amount is calculated by applying the following rules on the client's portfolio:
Client's LTV is capped at 30% of the value of shares which forms part of the FTSE / JSE Top 40 index at the time
Client's LTV is capped at 25% of the value of shares on the remaining shares which forms part of the Top 100 market cap but does not form part of FTSE / JSE Top 40 index at the time
If the client only has 1 share in his/her portfolio – The above LTV is reduced by 50% (LTV X 50%)
If the client only has 4 shares in his/her portfolio – The LTV is reduced by 25% (LTV X 75%)
If the value of 1 share in the client's portfolio is greater than 25% of the portfolio – The LTV is reduced further by 50% (LTV X 50%)
This final LTV will become the maximum loan available amount to the client for that point in time