Personal loans

Your personal loan can be used for any home-related or other expenses including:

• Bond registration costs
• Water and electricity deposits
• Moving costs
• Deposit shortfall
• Transfer duty
• Attorney fees
• Any additional items or services needed to turn your house into a home
• Other personal expenses

No. The cash is deposited directly into your bank account and you can use it as you please.

If you are interested, simply fill in the online application form to start the process. If you qualify, an expert loan consultant will be in contact with you to complete the application over the phone.

Loans range from R5 000 to R200 000, in increments of R1 000. The amount you qualify for is based on your financial situation, subject to credit approval.

Repayment terms are between two and six years and are FIXED for the full term of your loan.

Interest rates are based on your personal financial profile. Chat to an expert loan consultant from DirectAxis for the latest interest rates. You’ll be pleased to know that DirectAxis is fully compliant with the National Credit Act of 2005 and is a responsible lender.

• A clear copy of your ID document
• Proof of income, such as your latest pay slip or bank statement may be required
• Proof of your residential address, such as a recent utility bill
• Your bank account details where your salary is paid into

If you’re able to provide all the required information, and your application is approved, you will get your cash in next to no time.

On approval and acceptance, the cash is transferred directly into your bank account.

No. Your repayments are FIXED and will not change for the length of your loan term.

There are absolutely no penalties for early loan settlement.

Personal loans are managed and administered by DirectAxis a business Unit of FirstRand Bank Ltd.

All requests are carefully considered, and approval will be based on your financial situation, subject to a full credit check.

No. Personal loans are unsecured.

For your convenience, your repayments will be deducted from your bank account by debit order each month.

Every DirectAxis loan includes a Personal Protection Plan, which settles your outstanding loan balance in the event of your death, permanent disability or certain dread diseases. It also provides limited cover in the event of temporary disability and, if you’re retrenched, a once-off payment equal to six instalments will be paid out to you. Of course, you’re free to substitute the plan with a policy of your choice, providing the cover offered is equivalent.

Unfortunately, to qualify for a loan, you need a valid barcoded South African ID.

You must have a South African bank account into which your salary is paid.

If you are married in Community of Property or in terms of customary or foreign law, you will need consent from your spouse to enter into any credit agreement.

If you are currently a customer, please call their Customer Care Team on 021 764 3404 If you are not yet a customer, please call the Call Centre Team on 0860 444 043