Compare personal loans

Lula

Lula Fixed-Term Business Funding

Established businesses with consistent revenue looking for flexible funding options.

This funding option is appealing for businesses needing quick access to capital without collateral. However, the requirement for a monthly revenue of R40,000 may exclude many smaller enterprises.

Old Mutual

Old Mutual Debt Consolidation Loan

Individuals with multiple debts seeking to consolidate them into a single loan while earning a steady income.

This loan can be advantageous for individuals looking to streamline their debt payments into a single monthly obligation. However, the maximum APR of 28% could make it costly over time, particularly for those with larger balances.

Finance27

Finance27 Short-Term Loan

This loan is best for individuals who require immediate access to funds and can repay within a short timeframe.

Finance27 offers a streamlined option for those in need of quick cash, but the high APR may deter some borrowers.

Nedbank

Nedbank Student Loan

Full-time students in South Africa who have a reliable guarantor and are pursuing qualifications at NQF level 5 or higher.

This loan is beneficial for students who can maintain good academic performance, as it offers preferential rates. However, it requires a guarantor, which may not be feasible for everyone.

Absa

Absa MyHome Loan

Households earning up to R34,800 monthly who are looking to finance a home purchase.

This loan is beneficial for those who qualify under the income cap and need up to 110% financing on property purchases. However, the requirement for extensive documentation may deter some potential applicants.

FinChoice

FinChoice Personal Loan

This loan is best for individuals needing quick cash for unexpected expenses who appreciate the option to skip payments during tough times.

The FinChoice Personal Loan offers convenient access to funds with flexible repayment options, but the interest rates are on the higher side.

Absa

Absa Vehicle Finance Instalment Sale Agreement

Individuals with stable incomes looking to finance a vehicle under R250,000 without hefty penalties for early repayments.

Absa's vehicle finance plan is appealing for those seeking flexibility with no early repayment penalties. However, potential borrowers should ensure they meet the required documentation to avoid delays.

Standard Bank

Standard Bank Business Term Loan

Businesses that have been trading for at least 2 years and need predictable repayment schedules.

This loan offers a clear advantage with its fixed monthly repayments, making it easier for established businesses to manage cash flow. However, the requirement of a business transactional account can be a hurdle for some.

DirectAxis

DirectAxis Debt Consolidation Loan

Individuals with a steady income of at least R5,000 who need to consolidate multiple debts.

DirectAxis offers a solid option for those looking to simplify their finances through debt consolidation. The fixed-rate nature of the loan provides stability, but the income requirements might exclude some potential borrowers.

Mulah

Mulah Short-Term Loan

This loan is best for South Africans needing immediate cash flow solutions for unexpected expenses.

The Mulah Short-Term Loan offers quick access to funds, but borrowers should be cautious of high interest rates.

FNB (First National Bank)

FNB Student Loan

Students with a steady income who need financial support for tuition and living costs.

This loan is beneficial for those needing substantial funding for education, but the requirement for a minimum income of R3,000 might exclude some potential borrowers.

Nedbank

Nedbank Home Loan

First-time home buyers with a solid credit score looking for cashback incentives and flexible repayment terms.

Nedbank's home loan features high cashback potential and flexible terms, making it appealing for first-time buyers. However, applicants must be prepared for rigorous credit assessments, which could deter those with lower credit scores.

TymeBank

TymeBank Personal Loan

This loan is ideal for those seeking quick access to funds without traditional paperwork, particularly for emergencies or large purchases.

TymeBank offers a convenient digital solution for personal loans, but borrowers should be mindful of the interest rates.

Standard Bank

Standard Bank Vehicle Finance

Individuals earning R8,000 or more monthly who want to finance a vehicle with flexible repayment terms.

Standard Bank's vehicle finance provides flexible terms and competitive rates, making it a good choice for those with a steady income. However, the minimum income requirement of R8,000 might exclude some potential borrowers.

GoTyme Bank

GoTyme Business Advance

Established businesses generating over R50,000 monthly looking for flexible funding options.

GoTyme Business Advance provides a straightforward funding option for companies with solid monthly earnings. However, the requirement of a minimum monthly turnover can exclude smaller or newer businesses.

Standard Bank

Standard Bank Loan Consolidation

Individuals with a steady income above R3,000 looking to streamline their loan repayments.

Competitive terms for consolidating multiple loans, but the interest rate can vary widely based on creditworthiness. Those with good credit may benefit significantly, while others might find better options.

Boodle Short-Term Loan

This loan is best for individuals needing urgent financial assistance with a manageable repayment plan.

Boodle offers quick access to cash, but be wary of high interest rates.

Fundi

Fundi Student Loan

Students from low to moderate-income households looking to finance their education without immediate financial pressure.

Fundi's flexible repayment terms make it appealing for students needing financial support for their studies. However, the interest rates can be on the higher side, which may burden students post-graduation.

Standard Bank

Standard Bank Home Loan

First-time home buyers in South Africa with a solid income and good credit scores looking to finance up to R3 million.

This home loan is an excellent option for first-time buyers seeking substantial financing, but the requirement of proof of income and credit assessments may deter some applicants.

Sanlam Credit Solutions

Sanlam Credit Solutions Personal Loan

Ideal for individuals looking for substantial loan amounts with the possibility of insurance-backed options.

Sanlam offers a robust personal loan option with flexible terms, but borrowers should be cautious about their financial commitments.