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Personal loans can be a good and quick solution if you need additional funds. Compare lenders, apply for a loan and get money in your bank account!

General Terms and Conditions for the Borrower

Requirements for the borrower:

You will need your SA ID number, cellphone number, monthly income and bank account details.

Terms of receiving a loan:

The first loan is possible from 500 R to 5400 R. Lenders offer different repayment periods at a discount on commission fee, more information on each lender's website.
The first time you apply for a loan online, you must register and agree to the terms of the loan.
Upon receiving the receipt of a loan application, the lender reviews the application and, in the event of a positive response, transfers the money to the bank account. It can take up to 15 to 60 minutes for you to receive the money in your bank account after applying for a loan.

Annual Percentage Rate (APR)

The annual percentage rate of charge is the total cost of the credit, which usually includes the interest rate, the fee and other charges for the year, or other similar rate calculated in accordance with local law, expressed as a percentage. The annual percentage rate calculation does not include the costs of defaulting on the credit agreement.

Penalty or renewal policy information

If the loan is not repaid on time, the lender may charge a penalty of the total amount for each day of delay. In the event of late repayment without the agreement of the lender, the lender may unilaterally transfer the debt collection to third party companies.

Repaying the loan on time creates a good credit score that increases your chances of getting a better loan in the future.

Borrow responsibly

Personal loan will be suited for you if

There are unplanned costs, but you need to pay for a service or purchase now.
There are no debt payments.
If the loan payment does not exceed 40% of your monthly income.

Personal loan will not be suited for you if

The loan is taken to repay other debt obligations.
If you are planning a purchase that does not fit your financial situation.
If you know for certain that you will not be able to repay the loan within the stated time.

Borrow responsibly when evaluating repayment options. Before borrowing, read the terms and conditions of your credit agreement to make sure you can meet them.

The website Loans365.co.za is an independent broker that provides consumers with free information on the special terms of a lender's loan agreement and other relevant information. Loans365.co.za does not issue loans and is not a lender. On the website, the peer-to-peer lenders have a special license to provide the consumer credit service.

Maximum annual percentage rate (APR): 74.9%. Loan term: from 62 days to 1 year. Cost example: Loan of 4000 R for 3 months, commission 808.48 R, total amount 4808.48 R, annual percentage rate APR 74.9%.