Personal loan calculator
Instalment and total cost at the legal cap of 28.00% a year (repo 7.00% + 21%).
- Monthly instalment
- R1 268.08
- Interest over the term
- R6 346.48
- Initiation fee incl. VAT
- R1 207.50
- Service fees incl. VAT
- R1 656.00
- Credit life (max)
- R1 223.96
- Total repayable
- R30 433.94
Repo rate 7.00% as of 2026-05-28. Legal maximum only; a lender may charge less.
Borrowing money costs money — only borrow what you can afford to repay. Lenders listed here publish a National Credit Regulator registration; matching services are not lenders and are labelled as such. The order of our lists reflects our partner agreements; the star ratings are our own. Costs shown as "legal maximum" are the caps set by the National Credit Act, not a lender's price.
Who covers R20 000 over 24 months
Legal maximum for R20 000 over 12 months: R25 806.64 to repay — the NCA cap, not a lender's price. A quotation below it is competing on price.
Crezu4.0Matching service · not a lenderOne form, passed to a panel of registered lenders. The loan agreement is with the lender.
Names its operator, publishes its terms and an example, and covers everything from R500 to a consolidation loan.
- Advertised
- R500 – R350 000
- Term
- 6 months – 72 months
- Payout
- Offers in about 2 minutes; the site says funds within 15 minutes of a lender's approval
- For: Publishes product terms and a representative example
- Against: Headline amounts are network-wide; most applicants are offered far less
Creditum3.5Matching service · not a lenderOne form, passed to a panel of registered lenders. The loan agreement is with the lender.
Arcadia's twin from a Finnish publisher, on the same Myloan panel, with the same clear example.
- Advertised
- R500 – R350 000
- Term
- 6 months – 72 months
- Payout
- Non-binding offers in seconds; payout set by the lender you choose
- For: Publishes a representative example and its APR range
- Against: Applications go through a broker chain, not to lenders directly
Matching service · not a lenderOne form, passed to a panel of registered lenders. The loan agreement is with the lender.
The longest-running matching service here, with a real review record and the widest term range.
- Advertised
- R100 – R350 000
- Term
- 3 months – 72 months
- Payout
- Offers immediately after the form; payout set by the lender you choose
- For: Publishes a representative example
- Against: Applications go through a broker chain, not to lenders directly
Featured partners pay us a commission when you apply through them; that decides the position, not the star rating. Matching services are not lenders — your agreement is with the lender that accepts you, and every lender must assess affordability.
What the term does to the total
Every extra month adds a service fee, a month of credit life and more interest on the balance. Choose the shortest term whose instalment you can afford with room to spare, and settle early when you can — the instalment looks worse but the total is far better.
Questions people ask
›What interest rate does this use?
The National Credit Act cap for unsecured credit: the SARB repo rate plus 21% a year. The repo rate in use and its date are shown under the result.
›Will a bank charge this much?
Usually not for a clean record — banks price relative to prime. Non-bank lenders often price at or near the cap. Use this as the ceiling to judge any quotation.
›Is credit life compulsory?
A lender may require it on unsecured credit but must accept a policy you already hold that meets the requirements. It is capped at R4.50 per R1 000 of the outstanding balance per month.
›Can I settle early?
Yes. For personal loans under R250 000 there is no early-settlement penalty; you pay interest and fees only to the settlement date.