Make the most of your money

Using a Loan to Consolidate Your Debt

people consolidation

A consolidation loan can be used to simplify your finances and increase cashflow. By settling your other debts you could use the loan to repay your debt in a single monthly payment at a fixed interest rate. Because you’re taking the loan over a relatively longer term, your monthly repayment could be lower. South Africans who consolidate their accounts with DirectAxis increase their cashflow by an average of R1 900 every month!

what is debt consolidation

Insurance

Considered insuring your car and home with the same insurer? You could save on your monthly insurance premiums.

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Consolidation Loan

A Debt Consolidation Loan can be an effective way to manage your finances and increase your monthly cash flow.

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Funeral Cover

When you have funeral cover, you and your loved ones will receive financial support after the loss of a family member.

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Medical Aid

Find medical aid cover that best suits you and your family’s needs. Be prepared for unforeseen medical costs.

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Personal Loan

A Personal Loan is a convenient way to take care of your personal and family needs and goals.

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24%

of customers use loans for consolidation

24%

of customers use loans for renovations

12%

of customers use loans for education

Our Sponsorships

Read more about how we support grassroots Rugby through our Currie Cup Sponsorship.

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Job Opportunities

Thinking of working for DirectAxis? Why not explore what it means to work at DirectAxis.

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Customer Care

We pride ourselves on delivering the best possible customer service. Get in touch today.

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Social Initiatives

Find out more about the corporate social initiatives we're undertaking to deliver positive change.

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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%.