Loan amountR 5 000 – R 350 000
Repayment term24–72 months
Interest ratePersonalisedFixed rate for your loan term

What to know at a glance

Fixed interest rate. The published borrowing range starts at R 5 000. Approval and your final terms depend on the lender’s assessment.

Fees and the full cost

The public calculator shows example fees. Mandatory credit life is covered by the separately published Customer Protection Plan; its monthly premium is set out in your loan quotation.

Initiation fee
R1,207.50 in the rendered calculator for R50,000 over 72 months. A universal formula and VAT treatment are not confirmed.
Monthly service fee
R69 per month in the calculator. Confirm the amount and VAT treatment in your quote.
Credit life / protection
Mandatory Customer Protection Plan, underwritten by FirstRand Life. The policy linked for cover taken after 30 November 2021 settles the balance for covered death, permanent disability or specified critical illness; eligible temporary disability or loss of income claims pay instalments for up to 12 months, subject to employment status, exclusions and the remaining term. A suitable replacement policy is required to cancel. Premiums are collected monthly from the loan account; the amount is in your quotation, with no numerical rate or calculation basis published in this policy.

Compare your total repayment as well as the monthly instalment. Ask for a written quote showing the exact rate, initiation fee, service fees and insurance applicable to you.

A detail worth checking

28.25% is the calculator example rate, not a promised minimum. Approval, final pricing and available terms depend on assessment.

Before you apply

  • Regular monthly income of at least R5,000
  • A good credit record
  • South African ID, address confirmation and recent proof of income

What happens next?

The button takes you to DirectAxis’s official product page. You decide whether to start an application there. The lender may request documents, obtain consent for credit checks and assess affordability.

Browsing Fairloan does not constitute an application. We do not collect your identity number, documents or contact details, and we cannot predict approval.

Sources and registration

Registration information published by the lender: NCRCP20. This is not a live registry verification. Check the NCR register and confirm the legal entity before applying.