Finding great money deals has never been easier. Get money savvy and maximise your savings by letting us compare and find the best offers in the market.
Life’s good when you can make things turn out. At LoanDirect, our attitude is to be responsible, fast,and always ready to help. So, how may we help you today?
| Loan amount | Loan term | Interest rate(APR) | Service fee | Initial fee | Total repayment | Credit Insurance | Monthly Instalment |
|---|---|---|---|---|---|---|---|
| R70 000 | 72 | 24% | R69 | R1 207.5 | R155 263.46 | R284.83 | R2 156.44 |
Representative example: a R70 000 Personal Loan at an interest rate of 24.0% per annum plus a once-off initiation fee of R1 207.50, monthly admin fee of R69.00, Insurance premium of R284.83, with a repayment term of 72 months would have a total cost of approximately R155 263.57 (Including initiation fees). The maximum
annual interest rate (APR) on a long-term loan in South Africa is around 28.25% p.a. Repayment terms can be as long as 3 months to 72 months. LoanDirect is an online loan broker and is not a lender by any means. We work with NCR licensed institutes. Interest rates (APR) charged by lenders varies depending on your risk profile but can be as high as 28.25% and generally as low as 20% per annum with monthly service fees of R69. Initiation fee on credit facilities (credit cards and store cards), personal loans and short-term credit transactions are calculated as follows: R165 plus 10% of the amount in excess of R1 000, capped at a maximum fee of R1 050
Because your loan is unsecured, you don’t have to worry about putting up an asset like your car or equity in your home as collateral. You can also decide how to pay your loan: select a term between one and six years.
There are essentially no restrictions on how you can use and distribute your personal loan funds: consolidate debt, upgrade your home, go on holiday, or enjoy a combination. Compare from a variety of lenders in the personal finance space to find the most affordable low-rate option to suit your needs, as well as cheap fees.