Lending Products

Personal Loans

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Whether you have long or short-term goals, consider the ways in which a personal loan could help you. You can use a personal loan of up to R150 000 for anything you want.

Why choose to take out a DirectAxis Personal Loan?

  • It is quick and straightforward to apply through our online application.
  • Your repayments are fixed at our current interest rate for the full term of your loan. They never go up – no matter how much interest rates do.
  • Repayments are over a term from 24 months up to 6 years.
  • Your money could be in your bank account within 48 hours.

What will you need to apply for a personal loan?

  • A good credit record
  • A regular monthly income of at least R5 000
  • The details of your bank account into which your salary is paid

You’ll need to upload the following documents when you apply:

  • A clear copy of your South African ID
  • A recent document confirming your residential address
  • Your last 3 months’ payslips or bank statements (with your salary clearly highlighted)

What do you get with a DirectAxis Personal Loan?

When you take out a loan with DirectAxis you’ll deal with an authorised Financial Services provider, with many years of experience in the financial services industry. We support responsible lending, so if your application is approved, you’ll only be approved for an amount that you can afford comfortably. We’ll do our utmost to give you the best offer that we possibly can.

All DirectAxis Personal Loans are unsecured. We won’t ask you to use your car, home or any other asset as collateral. And you can use your loan for anything you want.

For your security and peace of mind, all our loans are subject to the National Credit Act of 2005. Keep in mind, we consider all loan applications and every application is subject to credit approval.

Your loan will include a Personal Protection Plan, which settles your outstanding balance in the event of your death, permanent disability or certain dreaded diseases, as well as limited cover for temporary disability and retrenchment. You can substitute the Personal Protection Plan with a policy of your choice, provided the cover offered is equivalent.

DirectAxis administers loans for FirstRand Bank Limited, an authorised Financial Services and Credit Provider.

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Personal Loan

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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%.

Welcome to the new DirectAxis website! We still offer the same great financial services solutions in an extremely secure manner - just with a new look and feel