R 500 R 10000
R 2000
Adjust the above slider to your desired loan amount

The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between R 300 and R 2000 is 199.43%. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

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Loan Costs

Let’s talk money, honey. This is the part where you see how medium and small cash loans work, and what they cost.

How much do personal loans cost?

Example of how small personal loans work

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Loan amount

R300 minimum
R2,000 maximum

Costs

Most small personal loan providers charge up to 20% as an establishment fee upfront. You’ll then pay a 4% monthly fee.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %.

In APR terms, the maximum annual percentage rate on loans between R300 and R2000 is typically 199.43%.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Terms

16
weeks minumum
50
weeks maximum

Example:

loan amount of R1,000 over 6 months repayable weekly (25 weekly repayments). R1,000 (Principal Amount) + R200 (20% Establishment Fee) + R240 (fees based on 4% per month over 25 weeks) = R1,440 total repayable in 25 weekly installments of R57.60.

Example of how medium secured personal loans work

Loan amount

R2,001 minimum
R4,600 maximum

Costs

Annual Percentage Rate (APR) is 48% Comparison rate is 67.41% p.a.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Terms

13
months minumum
24
months maximum

Example:

loan amount of R3,000 over 18 months repayable weekly (78 weekly repayments). R3,000 (Principle Amount) + R400 (Establishment Fee) + R1,379.06 (reducing interest) = R4,779.06 total repayable over 18 months with weekly installments of R61.27.

Check out our calculator tool:

Our loan calculator tool works out how much a loan could cost you, so try it out. However, keep in mind that these are just examples. It is up to the personal loan provider to make an official offer to you though, and for you to confirm you are happy with your loan terms. Loans are subject to full applications, and need to involve responsible lending checks that take into consideration your personal financial situation - this means looking at what you are earning and whether you will be able to make the repayments that you are agreeing to. The final decision when it comes to accepting a loan is yours.

Before you accept a loan:

Keep in mind that we are not loan providers, just a lender-finding service. We also don’t offer any financial advice or recommend that you accept any loan that is offered to you. It is your sole responsibility to make sure that you are 100% happy with the lender we find for you.