Compare personal loans in a few easy steps

A Personal Loan can help you out of a tough spot or give you the cash injection you need to make your dreams come true. is here to help you get the best Personal Loans deal.

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What is a personal loan?

A Personal Loan is generally associated with an unsecured loan. It’s a useful way to access cash for an emergency, home improvements, or leisure activities like weddings and holidays.

Loans can range between R1,000 and R350,000 and repayment periods can vary from 7 (minimum) to 12 months, up to a maximum of 72 months. Repayments are typically (but not always) calculated at 27,25% interest per annum. Only once you have applied for and received a loan, will you need to start paying back in monthly instalments over your chosen period.

Why compare Personal Loans?

Simple: comparing your options is the easiest way to find a loan offer that you can afford, from the loan amount to the repayment period and the interest. You can find different offers from different loan providers, so comparing before signing on the dotted line is the responsible thing to do.

How to apply for a Personal Loan online.

Applying for a loan online is easy with Simply enter your ID number above and we’ll pull the necessary information for your application. Then you’ll provide a few details about the Personal Loan amount you need, and we’ll find a range of offers from leading loan providers in South Africa.

How do I qualify for a Personal Loan?

Loan providers look at your credit score to help them decide whether to approve your application for a loan. A good credit score means you’re more likely to repay your debt on time, while a bad credit score shows that you’ve struggled with repayments in the past.

Don’t know your credit score? You can check it by applying for a Credit Report, which is available to you for free once a year. Check your credit score regularly to find out if you need to make changes to your money habits when it comes to debt and credit. It can also reveal if you’ve been a victim of fraud or identity theft if the numbers don’t add up.

What documents do I need to provide to get a Personal Loan?

Once you’ve settled on a loan that you can afford, you’d need to submit these documents:

  • Copy of your valid South African ID.
  • Proof of residence.
  • 3 months’ banks statements or payslips.

You’ll only need that documentation when you apply for the loan. If you’re just comparing offers, you won’t have to worry about paperwork... yet.

What are the maximum and minimum amounts available?

Before you select a loan, you should make sure you have a good understanding of how much money you need, as well as your options when it comes to repayment periods and interest. All of these have their own maximums and minimums.

How to calculate your repayment amount.

A big part of the repayment is based on interest. Interest rates are given as an annual figure, so to work out how much interest you will pay on the loan, divide your interest rate by the number of monthly payments you’ll make (hint: your chosen repayment period). Then, multiply that by the balance of your loan, which for the first payment will be the whole amount. Got the number? That's interest you’ll pay.

See, working out interest involves a lot of maths, which is why we’re here to help. All you need to do is select how much you would like to borrow, and for how long, and we do the rest!

A Personal Loan Calculator

While the table gives you an idea of what’s out there, it doesn’t give you a ballpark number you can expect to pay each month, or whether you can actually afford the loan you’re looking for.

Want to know what the monthly repayment on a loan could be? We’ll calculate it for you.

Loan amounts up to R350,000 (in increments of R1,000).

* Monthly repayments on all loans are calculated at a 27,25% interest rate | ** A service fee of R69.00. | This calculator is for illustration purposes only.

R 2685

estimated monthly repayment

over the 5 year loan period
Apply for a personal loan online today

Total loan repayment

R 62000

Service fee

R 69.00

Total Interest
(Interest rate 28,25%)

R 452

Hippo Loan Calculator

Loan Lingo 101

Looking for the best Personal Loan deal for you? Compare a range of Personal Loan providers in minutes. Review our search comparison results, then simply select your preferred provider to request more information.

Personal Loan FAQ's

Got a question relating to Personal Loans? We’ve put together a comprehensive list of FAQs. Find out more about Personal Loans, so that you can make an informed decision when finding the right loan to suit your needs.

Personal Loans Glossary

Don’t get confused by jargon when you're applying for a personal loan. Read through our Personal Loans glossary to understand exactly what you’re talking about.

A quick guide to Personal Loans

How to Pay off Debt

How to Pay off Debt

If you’re living with debt, you’ll know that it can be a constant cause for concern (especially when the monthly bills arrive). But if you’re able to pay your monthly instalments on time, then having debt does not have to make life difficult. If you’re struggling to make payments, there are other avenues you can seek out for extra support like Debt Counselling or Debt Consolidation Loans.

Debt Consolidation Loans

Debt Consolidation Loans

Debt Consolidation Loans are Personal Loans used to pay off several smaller loans by merging them into one large loan. This leaves you with only one creditor to pay all your debts to, and often at a lower interest rate.

Long-Term Personal Loans

Long-Term Personal Loans

Long-term Personal Loans allow you to borrow money from a provider over a relatively longer period. These loans are often used for sums of money that you can't provide at short notice.

Secured Loan

Secured Loan

A Secured Loan is a loan that requires the borrower to offer the creditor some form of asset (such as a car or property) as collateral until the loan has been paid off. Once the loan has been settled in full, the borrower will retake full possession of the asset.

What Is A Credit Score?

What Is A Credit Score?

A credit score is a numerical value financial lenders use to help them decide whether or not to approve your application for a loan or credit card. A good credit score means you’re more likely to repay your debt on time, while a bad credit score indicates you’re unlikely to repay your debt on time.

Ready to compare? Our service is simple

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