DirectAxis offers South Africans personal loans of up to R350,000, with flexible repayment terms between 24 and 72 months. The maximum interest rate is 27.75% per annum, compounded monthly. Every loan features fixed repayments, so your monthly cost stays the same even if market rates increase. No collateral is needed, as these are unsecured loans, and the application process is designed for speed and convenience.

How to Apply: Step by Step

• Check you have a stable income of at least R5,000/month and a good credit record
• Complete the online application form or call their support line
• Prepare your SA ID, proof of address, and up to 3 months’ recent bank statements or payslips
• Submit your documents through their online portal
• Wait for fast feedback and, if approved, receive your funds within 48 hours

Key Pros

DirectAxis stands out with its maximum loan amount of R350,000 and speedy payouts—often within just 48 hours of approval.

Fixed repayments mean budgeting is stress-free, and no assets need to be pledged as security.

Key Cons

The maximum interest rate is relatively high, reaching up to 27.75% per annum for some customers.

Strict eligibility criteria mean that only applicants with steady incomes and good credit records will qualify.

Verdict

DirectAxis Personal Loan is a strong choice for those with secure incomes and a need for a sizable, fast-access personal loan in South Africa. If you qualify, the application process is straightforward, with fixed repayments offering additional peace of mind.