R350,000 Personal Loan –
R350,000 is the maximum unsecured personal loan amount offered in South Africa. Use our calculator to compare 3- to 6-year repayment schedules and total credit costs.
- ✓Compare loan costs from R5,000 to R350,000 over 1–6 years
- ✓Full NCA fee breakdown (initiation & R69/mo service fees)
- ✓100% free & non-binding – no impact on your credit score
Last updated · SimplyLoan.co.za is an independent financial comparison service operated by Afima ApS. We are not a registered credit provider or financial adviser, and we do not grant loans. When you click through to a partner lender, we may receive a referral commission at no additional cost to you.
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 32 199 | 21,14 % | R 37 591 | R 387 591 |
| 2 yr | R 17 585 | 20,76 % | R 73 241 | R 423 241 |
| 3 yr | R 12 766 | 20,62 % | R 110 793 | R 460 793 |
| 4 yr | R 10 396 | 20,53 % | R 150 216 | R 500 216 |
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.
What It Takes to Qualify for R350,000
To qualify for the R350,000 ceiling, applicants need a strong credit bureau score, verifiable permanent income, and sufficient net discretionary income under the NCA Affordability Assessment Regulations to cover the monthly instalment comfortably.
Frequently Asked Questions
Why do unsecured personal loans cap out around R350,000 in South Africa?
Because unsecured loans are not backed by an asset such as property, South African credit providers cap unsecured exposure at R250,000 to R350,000 to manage credit risk within NCA rate ceilings.