Personal Loans

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Personal Loan Option Table

Choose the loan amount and repayment term that best suits your budget using the Loans Options Table below. This is a useful guide which gives you illustrative examples of repayments you can expect to pay.

Fixed repayment amounts

Loan amount Over 24 months Total amount repayable Over 36 months Total amount repayable Over 48 months Total amount repayable Over 60 months Total amount repayable Over 72 months Total amount repayable
R5 000 402 9 648 326 11 736 290 13 920 269 16 140 - -
R20 000 1 327 31 848 1 041 37 476 903 43 344 824 49 440 775 55 800
R40 000 2 515 60 360 1 958 70 488 1 690 81 120 1 537 92 220 1 441 103 752
R60 000 3 703 88 872 2 875 103 500 2 477 118 896 2 249 134 940 2 107 151 704
R80 000 4 891 117 384 3 793 136 548 3 264 156 672 2 962 177 720 2 773 199 656
R100 000 6 079 145 896 4 710 169 560 4 051 194 448 3 675 220 500 3 439 247 608
R120 000 7 266 174 384 5 627 202 572 4 838 232 224 4 388 263 280 4 105 295 560
R140 000 8 454 202 896 6 544 235 584 5 625 270 000 5 100 306 000 4 771 343 512
R150 000 9 048 217 152 7 003 252 108 6 019 288 912 5 457 327 420 5 105 367 560

Loans are subject to the National Credit Act NO.34 of 2005. All loan applications are considered and are subject to credit approval. The interest rate with regards to a DirectAxis Personal Loans varies between 25% and 28%** per annum (compounded monthly). All loans include a once-off initiation fee of up to R1 197** and a monthly service fee of R68.40**. Your rate and initiation fee will be determined according to your personal risk profile. For illustration purposes, the figures in this table are calculated at an interest rate of 28% per annum. The repayments indicated also include a monthly premium for the Personal Protection Plan of R4.50** per thousand of your loan or a part thereof. **Rates and fees are current as at 6 May 2016 and are subject to change at the discretion of DirectAxis.