We use cookies to personalise content, ads and to analyse our traffic. We also share information about your use of our site with our advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. More information. Click here to learn more about how google processes personal information.

Requirements


Reside in South Africa

Between 18 and 80 years old

SA ID number

Cellphone number

Borrow up to R125,000, with up to 36 months to repay

Your credit record sets your limit. Find out yours.

All fields with * are mandatory
Do you have any payments in arrear?
🔒 Your loan application will be processed by a lender accredited by the National Credit Regulator.

Questions about instalment loans in South Africa

+
Up to R125,000, repaid in equal monthly instalments over up to 36 months. The amount you are offered depends on the lender and on your credit record and affordability, so not everyone qualifies for the maximum.
+
An instalment loan is money you borrow once and pay back in equal monthly instalments over a fixed number of months. Each instalment covers part of the capital and the interest, so you know from the start what comes off every month and when the loan ends.
+
It depends on how much you borrow, how many months you spread it over and the rate the lender gives you. Stretching the same amount over more months lowers the monthly instalment but raises the total you repay. Your exact instalment is on the quote, before you sign anything.
+
On a fixed-rate instalment loan the same amount comes off every month for the life of the loan, so the instalment does not change. The quote states whether the rate is fixed, and the National Credit Act caps what a lender may charge either way.
+
Up to 36 months. A longer term means a smaller monthly instalment but more interest in total, so the cheapest loan is usually the shortest one whose instalment you can comfortably afford.
+
A payday loan is repaid in one go on your next payday, usually within a month. An instalment loan spreads the same amount over several months in equal monthly instalments, so each payment is far smaller.
Short-term credit also carries the highest charges the National Credit Act allows, up to 5% a month on a first loan, which is why an instalment loan is normally the cheaper way to borrow anything you cannot clear in one payday.
+
Most South African lenders ask for a valid SA ID, a South African bank account that your income is paid into, proof of income such as recent payslips or three months of bank statements, and that you are at least 18. Requirements vary by lender.
+
There is no blacklist in South Africa — that is a myth. What exists is your credit record, which a lender reads alongside the affordability assessment required by the National Credit Act. A weak record narrows your options and raises your cost, but it does not automatically rule you out.
+
Yes — that is part of every loan application in South Africa. The National Credit Act requires a lender to assess what you can afford before granting credit, so when you submit the form you consent to NCR-registered companies obtaining your credit record from the registered credit bureaus. Your record is what decides how much you qualify for.
+
Typically you will have the money in your account within 24 hours of approval, once you have signed.
+
Yes. The National Credit Act gives you the right to settle early, and you pay interest and fees only up to the settlement date, so clearing the loan sooner costs you less than running it to the end of the term. Ask the lender for a settlement quote.
+
You have cancellation rights under the National Credit Act, and some lenders go further and let you return the money within a set period at no cost. The exact terms are in the agreement the lender gives you, so read it before signing.
Loans up to R125,000, repayable over 12, 24 or 36 months.
Interest rates from 28% to 28.25% a year, capped by the National Credit Act. In addition to interest, you pay a once-off initiation fee and a monthly service fee, both also capped by the Act. Some lenders also require credit life insurance. Because of these extra costs, the total you repay will be more than the interest alone.
This is a service to find and compare loans and credit. The final conditions of your loan will depend on the financial company, the product, the amount and the loan duration.
Representative example: for a loan of R50,000 over 36 months at an interest rate of 28.25% a year, with a once-off initiation fee of R1,207.50 added to the loan amount and a monthly service fee of R69 included in the instalment, the monthly instalment is R2,194.05 and the total amount repayable is R78,985.80, of which R28,985.80 is the total cost of credit.