A personal loan is a form credit that enables you to receive a lump sum (between R2 000 to R300 000) repayable over a fixed term (between six to 72 months).
The loan amount is payable in fixed monthly repayments and is debited from your bank account. It gives you the ability to budget while paying for unforeseen and unexpected expenses.
Here's an example of how a personal loan works:
Yes, you can pay more on your instalment.
You can make additional payments into your loan account via the Money app, on ATM or Online Banking.
You can settle your loan amount at any time - we won't charge penalty fees.
Nothing will happen. Your interest rate will remain the same as it is fixed.
You can call us on 0800 555 111 or 0860 444 000.