Updated 24.05.2021

New Heights Finance

Are you looking for an established lender who can accept loan requests amounting to at most R150 000? If your answer is yes, take a look at what New Heights Finance has to offer.

What is New Heights Finance?

New Heights Finance is a small lending institution that provides personal loans, provident fund bridging, unsecured business loans, pension bridging, guarantees, grant funding, and other financial instruments to South Africans.

The amount offered for an NHF personal loan ranges from R4 000 to R100 000. The company may extend it to R150 000, depending on your credit status.

When you submit your application, you give permission to New Heights Finance to conduct a credit check on your profile. Those who don’t have a clear credit history are automatically declined by the company.

New Heights Finance

Getting Your Loan

You can apply for an NHF personal loan by completing their online form. Provide them will all the required details and wait for their response after submitting the form.

When asked about your bank account details, make sure you’ll provide the same account where your monthly income is deposited. This is to allow repayments to be automatically debited from the bank account you provided.

Failure to pay the loan may result in being tagged as having a bad credit risk. Moreover, you may face legal issues from New Heights Finance for breach of contract.

Interest & Fees

Interest rates on personal loans vary from 25% to 28% per year. This is a compounded rate so make sure you pay off your debt right away to prevent it from piling up fast.

NHF personal loan includes a once-off initiation fee of R1 197. You’ll also be charged a monthly service fee amounting to R68.40.

Interest rates and initiation fees will depend on your credit profile.

You can take a look at their loan table to see a detailed breakdown of the fees and monthly repayments you need to do for specific loan amounts.

Repayment Schedule

New Heights Finance offers repayment terms ranging from 2 to 6 years. Repayments are done through automatic debiting from your bank account.


Before applying for an NHF personal loan, make sure you’re not over-indebted, under administration, debt review or debt restructuring, sequestration, or have been declared unfit to proceed with loaning process as ordered by the court.

New Heights Finance only accepts applicants who satisfy the following conditions:

  • A citizen of South Africa, ages between 18 and 65 years old
  • You must have a permanent source of monthly income. Income should be at least R3 000 per month.

You should also be ready to provide the latest copy of your payslips, together with your proof of residence. New Heights Finance will only start processing your application after you’ve submitted all the required documents.

NHF personal loans are typically given to employed customers only. However, they can also take request from self-employed clients, as long as they provide 3 months’ worth of bank statements to show their monthly income.

Contact Details

You can contact New Heights Finance through the following channels:

Phone: 083 768 2704

Fax: 064 023 5442

Email: info@nhfinance.co.za

Their office can be found at the following address:

Office Address: Lot 2617 Erasmus Road, Margate, KwaZulu-Natal, 4275, South Africa

Their office is open on weekdays and is closed on weekends and public holidays. Take a look at their schedule below:

Monday to Friday: 8:30 AM to 4:30 PM