The Top Loans in South Africa

personal loans in South Africa

When it comes to personal loans in South Africa, there are many lenders available, mainly banks. But before you apply, make sure that you can manage the repayments and only borrow money for something you really need. Let’s take a look at some of the top deals.

First National Bank

FNB personal loans start from R2000, with flexible repayment periods of 6 to 60 months. You also need a minimum salary of R 8350 per month to qualify.


ABSA personal loans range from R 3000 to R 150 000 and have negotiable repayment terms of up to 60 months. You must have a minimum salary of R 2000 per month to qualify.


Capitec personal loans range from any amount up to R150 000, with repayment terms ranging from 1 – 60 months. You also get free retrenchment and death cover which will settle the outstanding loan amount in full when you can no longer repay them.

Old Mutual

Old Mutual’s main personal loans product, My Money Plan allows you to consolidate debt, combine it into one plan and pay a lower instalment. For loans of up to R 120 000.


Nedbank personal loans range from R1 000 to R 120 000. Minimum salary requirements are lower at

African Bank

African Bank provides both short-term personal loans of up to R 12 000 in cash, with 3-9 months repayment terms as we as long-term loans of up to R 180 000, repayable over up to 84 months.

Direct Axis

A DirectAxis Personal Loan of up to R100 000 is an unsecured loan that you can pay back over a repayment term of between 2 to 6 years.

Standard Bank

Standard Bank personal loans range between R500 and R 40 000, with repayment terms on a from three to 42 months. You need to earn a minimum gross monthly salary of R1 000 to be eligible.


Please enter your comment!
Please enter your name here

thirteen − eight =