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How to Apply for a Personal Loan in South Africa

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A personal loan is best suited for people who need instant access to money to money to handle emergencies.

Personal Loans are unsecured loan and as such has a higher interest rate.


It is always advisable to only get a personal loan if you are confident of making repayments.

We have been receiving lot of emails asking us about how to apply for personal loans in South Africa and which companies are recommended.

We ran a survey and based on the information gathered, we recommend the following companies though there are many others out there who are equally doing well, we cannot mention all of them. If you own a financial institution and you want your name omitted from or included in the list, kindly email [email protected]


Loan Quest South Africa

Loan Quest provides personal loans to even the blacklisted applicants. The company provides a Nett loan amount of R 50,000.00 for a prepayment period of 36 months.


Wonga gives personal loans of up to R4000 for new customers and up to R8000 for existing customers for repayment period of 42 days.


Once you qualify, Loansdirect gives out personal loans of up to R150,000 with a 60-month repayment period at a maximum monthly instalment of R1 655.


DEBT.CO.ZA works with a number of premium partners who each apply their own credit criteria to assess loan applications. The interest rates charged on loans range from a minimum of 20% to a maximum of 27.75%, with payment terms between 12- 60 months. Their partners include Bond Busters, Debt Busters,, and RCS.

African Bank

African Bank provides much flexibility based on the amount needed and repayment period. Quotes are given at the Banking Halls, Phone or when a call-back is requested online on their website.