Personal Loans

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Frequently Asked Questions (FAQ)

How much can I apply for?

You can choose a DirectAxis Personal Loan from R5 000 to up to R150 000 (in increments of R1 000). Our personal loan is ideal if you are looking for a fast cash solution.

If I'm approved, how soon will I get my money?

With a DirectAxis Personal Loan your loan amount will be deposited quickly and directly into your bank account.

What are the loan repayment terms?

Repayment terms for a DirectAxis Personal Loan are from 24 months to 6 years (72 months). Click here to view our Loan Options table.

Can I be refused a loan?

We'll always do our best to accommodate your requests, but ultimately your final loan amount will be based on your personal financial profile and is subject to credit approval. If you like, you can use our Budget Planner to work out a monthly repayment amount you can afford.

Will my loan repayments be affected by interest rate fluctuations?

No. The interest rate on your loan will be fixed at our current interest rate for your full loan term, so your repayments will never increase, even if the interest rate goes up.

Do I need to provide any documents?

If you are approved for a loan you will be asked to confirm your income with either your last 3 months’ payslips or bank statements. You may also be asked to provide a copy of your green barcoded identity book and a recent document confirming your residential address.

Do I have to provide collateral to secure my personal loan?

You don't, the DirectAxis Personal Loan is unsecured.

Can I use my personal loan amount as I choose?

Absolutely. The money is yours to spend as you see fit.

Is DirectAxis a reputable Financial Services Provider?

Yes. DirectAxis has helped thousands of South Africans to obtain loans. We’re an authorised Financial Services Provider established since 1995. We’ve always promoted responsible lending and are compliant with the National Credit Act.

Can I choose how I make my repayments?

For your convenience, your repayments will be deducted from the bank account into which your salary is paid by debit order every month.

How can I protect my family?

Every DirectAxis Loan includes our Personal Protection Plan, which settles your outstanding loan balance in the event of your death, permanent disability or certain dread diseases. It also provides limited cover in the event of temporary disability and should you be retrenched, a once-off payment equal to six instalments will be paid out to you. Of course, you're free to substitute the plan with a policy of your choice, providing the cover offered is equivalent.

I’m a South African citizen but I don’t live here, can I still take out a loan?

To qualify for a loan you have to both work and live in South Africa.

Do I need to obtain permission from my spouse in order to take out a loan?

If you are married in community of property or under customary or foreign law, you will require consent from your spouse to enter into any credit agreement.