SimplyLoan
Personal LoansDebt ConsolidationLoan CalculatorGuidesFAQCompare Loans

Compare Personal Loans in South Africa –

SimplyLoan helps South African consumers compare unsecured personal loans and debt consolidation options from established, NCR-registered banks and credit providers. Calculate your estimated monthly instalment including NCA-regulated initiation and service fees before you apply.

  • ✓Compare NCR-registered South African banks & lenders
  • ✓Loan amounts from R5,000 to R350,000 over 1–6 years
  • ✓100% free to use – no impact on your credit score
R 50 000
R 5 000R 350 000
3 years
1 yr6 yr

Estimated Monthly Instalment

Indicative APR 25,30 % · Estimated Total Repayment R 68 991

R 1 883 /mo

Warning: Borrowing money costs money. Always verify that monthly repayments fit comfortably within your budget.

*Representative Example: A R 50,000 personal loan over 3 years (36 monthly instalments) at a nominal interest rate of 18.25% p.a., once-off initiation fee of R 1,207 and monthly service fee of R 69 results in an estimated monthly repayment of R 1,882, total credit cost of R 18,959, total repayment of R 68,959, and an effective annual percentage rate (APR) of 22.4%. Final terms depend on affordability assessment. Includes illustrative NCA initiation and monthly service fees. Final rates depend on credit profile and affordability.

1

Select loan amount & repayment term

Choose between R5,000 and R350,000 over 12 to 72 months to see an instant estimate of your monthly instalment and total credit cost.

2

Compare NCR-registered credit providers

Review indicative interest rates, effective APRs, loan limits, and affordability requirements across leading South African banks and lenders.

3

Complete affordability check with your chosen lender

Proceed directly to the credit provider of your choice to receive a formal pre-agreement statement and quotation under the National Credit Act.

Frequently Asked Questions

Is SimplyLoan a credit provider or lender?

No. SimplyLoan is an independent comparison and financial information portal operated by Afima ApS. We do not issue credit, make lending decisions, or charge consumers fees. All credit agreements are concluded directly with NCR-registered credit providers.

How much can I borrow with a personal loan in South Africa?

Most NCR-registered lenders on our platform offer unsecured personal loans ranging from R5,000 up to R350,000, with repayment terms from 12 to 72 months (1 to 6 years), subject to credit and affordability assessment.

How are personal loan interest rates and fees capped in South Africa?

Under the National Credit Act (NCA), unsecured credit transactions are subject to a maximum nominal interest rate linked to the SARB repurchase (repo) rate plus 21% per annum, a capped once-off initiation fee (up to R1,207.50 incl. VAT), and a maximum monthly service fee of R69 incl. VAT.

What documents do I need to apply for a personal loan?

South African lenders typically require a valid South African ID (smart ID card or green barcoded ID book), proof of residential address, your latest 3 months’ payslips, and 3 months’ bank statements showing salary deposits.

Will using SimplyLoan affect my credit score?

Using the SimplyLoan calculator and comparing lenders on our website does not trigger a credit bureau inquiry and has zero impact on your credit score with TransUnion, Experian, XDS, or Compuscan.