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Creating Cash Flow in a Constrained Economy

A husband and wife are sitting together at their dinner table and are balancing their budget.
Consolidation loans are becoming more popular to simplify finances, free up some cash flow and save on fees. Nearly a quarter of DirectAxis’ customers use loans to consolidate debt. In a constrained economy when cash flow is more of a challenge, consolidation loans become an even more important tool to manage personal finances.

What is a consolidation loan?

As the name implies, a consolidation loan combines a lot of smaller debts into one loan.

Benefits of a consolidation loan

  • Savings from only one service fee and credit protection plan.
  • A single fixed monthly payment
  • Lower monthly payments for your settled debt 
  • Our team to handle the admin behind settling your debts
  • The chance to put further monies you may qualify for to good use. 
  • Fixed repayments for a time compared to other credit instruments.

Should you consolidate your debt?

Consolidation loans aren’t for everyone. Each application is carefully assessed to ensure that the customer can afford the repayments. You can try out our Debt Consolidation Loan Calculator to see if you could improve your monthly cash flow.

How does debt consolidation work?

We’ll let you know for how much your accounts will be settled and will handle the settlement on your behalf. It is your responsibility and will be in your best interest not to re-open or continue to use these accounts. 

How to apply for a debt consolidation loan

Apply online via our Debt Consolidation Loan Application Form or call us  on 0861 243 556 between 8 am and 8 pm Monday to Sunday. 


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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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Consolidation Loan

Consolidating can be an effective way to manage your finances and increase your cash flow.

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of customers use loans for consolidation


of customers use loans for renovations


of customers use loans for education

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DirectAxis is a business unit of FirstRand Bank Limited, an Authorised Financial Services and Registered Credit Provider, NCRCP20. Direct Axis SA (Pty) Ltd, Reg no. 1995/006077/07, an authorised Financial Services Provider, FSP7249 & FSP5. 108 De Waal Road, Diep River 7800.

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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 24.50% 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 24.50% per annum would be: Loan amount R50 000 plus a once-off initiation fee of R1 207.50 and a monthly admin fee of R69.00, over 72 months.

The total cost of the loan will be R 103 155.57 which is a maximum Annual Percentage Rate (APR) of 27.76%.