A poor score could result in you not getting a loan, paying higher interest rates or not being considered for the house or apartment you had your heart set on.
DirectAxis has put together this guide to help you understand online fraud better, and know what to do should you come across an online fraud attempt.
Want to know what the monthly repayment could be on the loan amount you need? Simply select the loan amount and repayment term below, and we’ll calculate the monthly repayment.
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Loan repayment terms range from 24 to 72 months. The maximum interest rate with regards to a DirectAxis Personal Loan is 27.75% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile.
An illustrative example of a loan at an interest rate of 27.75% per annum would be: Loan amount R50 000 plus a once-off initiation fee of R1 197.00 and a monthly admin fee of R68.40, over 72 months.
The total cost of the loan will be R 110 529.68 which is an Annual Percentage Rate (APR) of 30.95%.