R250,000 Personal Loan –
R250,000 is the upper threshold for intermediate unsecured credit agreements under the National Credit Act. Compare lenders offering R250,000 to R350,000 below.
- ✓Compare NCR-registered South African banks & lenders
- ✓Loan amounts from R5,000 to R350,000 over 1–6 years
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Illustrative Monthly Repayments & Total Cost (NCA Example)
The table below illustrates how the repayment term affects your monthly instalment and total credit cost for this loan amount, based on our representative NCA interest rate and statutory fees.
| Term | Monthly Instalment | Illustrative APR | Total Interest & Fees | Total Repayment |
|---|---|---|---|---|
| 1 yr | R 23 019 | 21,66 % | R 27 432 | R 277 432 |
| 2 yr | R 12 580 | 21,13 % | R 53 133 | R 303 133 |
| 3 yr | R 9 138 | 20,92 % | R 80 192 | R 330 192 |
| 4 yr | R 7 445 | 20,80 % | R 108 589 | R 358 589 |
Calculated using a nominal interest rate of 18.25% p.a., R1,207 initiation fee, and R69/month service fee. Your actual quote will be issued by the lender following an NCA affordability assessment.
Key Considerations Before Borrowing R250,000 Unsecured
Over a 60- or 72-month term, total interest on a R250,000 unsecured loan is substantial. Ensure you obtain personalised pre-agreement quotations from multiple banks to secure the lowest possible risk-based interest rate for your credit profile.
Frequently Asked Questions
Which South African lenders offer R250,000 or more?
Capitec and Old Mutual offer personal loans up to R250,000, DirectAxis, Nedbank, and Sanlam offer up to R300,000, and African Bank offers up to R350,000, subject to affordability and credit scoring.