Compare R 1 000 loan options
Select a term and customer status, then add up to three products to your comparison. Unconfirmed amount bounds are excluded here. The full directory includes those products with their limitations.
This page compares R 1 000. Only products with confirmed minimum and maximum amounts are included. Choose another amount.
Filtered by published ranges, not eligibility. Unconfirmed amount bounds are excluded. Not every amount/term combination is available; days are not converted into months.
Fees & details
Fees & insurance
The currently linked Instant Loan FAQ describes an upfront fee and limited free death cover. These terms are specific to Instant Loan.
- Initiation fee
- The FAQ describes a fee from R80 up to 10% of the loan amount, excluding VAT, deducted upfront. It does not give a complete formula; confirm the exact fee and net amount paid to you.
- Monthly service fee
- A separate monthly service fee is not confirmed in the reviewed Instant Loan FAQ. Check the quote; the R69 Personal Loan fee is not assumed.
- Credit life / protection
- The FAQ states that death cover is free, capped at R5,627. This is not full-balance cover for every loan up to R8,000. Broader disability or retrenchment benefits are not confirmed; check the applicable terms and exclusions.
Before you apply
- 18 or older; qualifying existing Absa account
- At least R3,000 monthly income paid into that account
- Good credit record and a preselected qualifying limit
- Prior Instant Loan settled; maximum nine per year
What to check
Full repayment is due on the next salary date, within 35 days. The rate covers the entire loan duration, not a month or a year. A 0% rate does not remove initiation fees or VAT. The free death benefit does not cover the full R8,000 maximum.
Source checked 7 November 2026. Registration stated by lender: NCRCP7.
Fees & details
Fees & insurance
Atlas’s policy and marketing disagree about insurance cost. Obtain the current premium and full written repayment breakdown.
- Initiation fee
- No numerical fee or formula is confirmed on the reviewed loan pages. Ask for the amount, VAT treatment and whether it is financed.
- Monthly service fee
- No numerical monthly service fee or VAT breakdown is confirmed on the reviewed loan pages.
- Credit life / protection
- The credit life policy requires cover and says premiums are payable monthly, while the loan marketing calls cover free. Equivalent replacement cover is allowed. The policy includes death, disability and retrenchment/loss-of-income benefits, subject to conditions. The premium amount and calculation basis are not confirmed; resolve the cost discrepancy in writing.
Before you apply
- Original ID, or passport and work permit for foreign applicants
- Latest payslip
- Three months bank statements
- Affordability and credit assessment
What to check
This is the general cash-loan product. The separate domestic-worker product has lower limits (up to R4,000 / four months) and is not represented by the R20,000 range. Marketing short-term language does not establish a legal credit category.
Source checked 7 November 2026. Registration stated by lender: NCRCP3994.
Fees & details
Fees & insurance
The public calculator gives fee details and a credit life premium basis. The homepage insurance amount is a separate representative example; confirm the complete quote.
- Initiation fee
- R165 plus 10% of the loan amount above R1,000, capped at 15% of the loan amount; add 15% VAT to the fee and cap, as stated in Support.
- Monthly service fee
- R60 per month plus 15% VAT (R69).
- Credit life / protection
- The public calculator states R4.50 per R1,000 per month on the daily balance. Confirm the exact premium in your quote. The separate R6,000 / 6-month homepage example exceeds the new-customer limit and lists R18 without its billing period; it does not establish your premium. Compulsory status, covered events, exclusions and replacement-cover conditions remain unconfirmed. Request the current policy.
Before you apply
- South African ID
- Age 18 or older
- Access to internet banking
- Verifiable income for the last 90 days
- Employment and income information
- Online banking link and affordability check
What to check
Support gives 0.17% per day; the homepage example uses 3% per month and separately labels a maximum APR of 60%. These are not treated as one comparable rate. Available amount/term combinations and the returning-customer minimum must be confirmed.
Source checked 8 November 2026. Registration stated by lender: NCRCP5361.
Fees & details
Fees & insurance
The FAQ publishes VAT-inclusive repayment examples. Its insurance FAQ and examples disagree on the premium; obtain a current written breakdown.
- Initiation fee
- R535 in the R4,000 repayment examples, including VAT. This is an example, not a universal fee or formula.
- Monthly service fee
- Up to R69 per month in the repayment examples, including VAT.
- Credit life / protection
- Mandatory; equivalent replacement cover is allowed. The insurance FAQ states R5.50 per R1,000 of the loan amount per month, while the R4,000 / 12- and 24-month examples show R14 monthly. Confirm the premium and calculation basis in your quote. Cover includes death, disability and qualifying loss of income, subject to policy terms.
Before you apply
- Age 18+ with a valid South African ID
- Permanent employment and a monthly salary
- Three recent payslips or bank statements
- A supported South African bank account and cellphone number
What to check
The homepage labels 5–28.25% as annual interest. The FAQ instead gives up to 5% monthly for its six-month example and 28.25% annually for 12/24 months. We do not present the homepage minimum as an annual offer. Amount/term combinations depend on assessment. An NCR number was not confirmed in the pages reviewed.
Source checked 7 November 2026. Registration number not confirmed in the reviewed sources.
Fees & details
Fees & insurance
The R5,000 homepage example combines R868 of fees and R74 interest for a R5,942 total; the fees are not itemised. The terms allow early settlement without advance notice, with unpaid principal, interest, fees, charges and any insurance payable up to the settlement date.
- Initiation fee
- The FAQ says Finance27 does not request payment before a loan is paid out. That does not establish a zero initiation fee: the R868 combined-fee example is not itemised. A separate amount, formula and VAT treatment remain unconfirmed; request the written breakdown.
- Monthly service fee
- The homepage and How It Works page say a service fee and interest are added monthly when a loan is unpaid, but give no numerical service charge or VAT split. The example combines fees. Confirm the ordinary service charge, charging period and any arrears charges in the quote.
- Credit life / protection
- The Early Settlement section refers to any insurance payable up to settlement. That reference does not establish mandatory cover, a premium, calculation basis, benefits or replacement rights. No applicable credit-life policy or premium schedule was confirmed in the reviewed public material. Request these documents before accepting a quote; unconfirmed does not mean free.
Before you apply
- South African citizen above 18 years of age
- Employed, with a regular salary paid into an active bank account in your own name
- Credit and affordability assessment; income, expense, employer and banking information supplied directly to the lender
What to check
The homepage publishes 61–65 days, while generic FAQ copy describes next-payday borrowing. We preserve the explicit day range and do not convert it to months. The site advertises a maximum APR of 38%, but the example does not establish its duration or full cost basis; Fairloan does not present that as a verified all-in comparison rate.
Source checked 8 November 2026. Registration stated by lender: NCRCP7084.
Fees & details
Fees & insurance
The Personal Credit page does not publish a numerical cost breakdown. Request the complete pre-agreement quotation; savings rates are not loan prices.
- Initiation fee
- A numerical initiation fee, formula and VAT treatment are not disclosed on the reviewed Personal Credit page.
- Monthly service fee
- A numerical monthly service fee and VAT treatment are not disclosed on the reviewed Personal Credit page.
- Credit life / protection
- The bank’s annual report for the year ended 28 February 2026 records sales of Credit Life. It is not a Personal Credit policy or tariff: compulsory status, premium, calculation basis, cover and replacement terms for this loan remain unconfirmed. Request the applicable policy and itemised quote; unknown does not mean free.
Before you apply
- Certified ID
- Latest three months payslips
- Latest three months bank statements
- Certified proof of address
What to check
The amount range is R500–R25,000 with up to 24 months to repay; a minimum term is not published. Although the lender uses short-term wording, this listing is in personal loans and makes no statutory classification.
Source checked 7 November 2026. Registration stated by lender: NCRCP6172.
Fees & details
Fees & insurance
The R5,000 / 3-month example totals R6,126 including interest, fees and insurance. Free activation does not mean free borrowing.
- Initiation fee
- Charged in portions as money is withdrawn. The loan agreement does not publish a universal numerical tariff; check the pre-agreement quotation.
- Monthly service fee
- The amount is specified in the pre-agreement quotation. A numerical monthly fee and VAT breakdown are not confirmed on the reviewed pages.
- Credit life / protection
- The Personal Protection Plan is mandatory, with equivalent replacement cover allowed. Unlike a regular loan, MobiMoney premiums use the deferred balance from time to time, at a rate per R1,000. No numerical premium rate is published; check the policy schedule for your covered risks and exclusions.
Before you apply
- Approved MobiMoney account and affordability assessment
- Accept a DebiCheck mandate
- Upload the documents requested by Finchoice
What to check
The withdrawal range starts at R100; the calculator starts at R500. These are withdrawals against an approved limit, not standalone personal loans. The example rate is not a guaranteed offer.
Source checked 7 November 2026. Registration stated by lender: NCRCP8162 / NCRCP23514.
Fees & details
Fees & insurance
FNB publishes representative costs and product-specific insurance conditions. Example figures and promotional waivers are not universal prices.
- Initiation fee
- R1,207.50 where applicable in the R30,000 / 24-month example. Confirm your fee, VAT treatment and any Credit Switch or top-up waiver in the quote.
- Monthly service fee
- R69 per month in the representative example. VAT treatment is not explicit in that example.
- Credit life / protection
- The official FAQ requires cover for terms longer than seven months and permits suitable own cover. The Customer Protection Plan includes death, disability and qualifying loss-of-income protection, subject to conditions. R100 per month is the R30,000 / 24-month example premium, not a general tariff; the calculation basis needs confirmation.
Before you apply
- 18 or older; permanent South African resident
- Permanently employed or self-employed
- Income paid into a bank account
- Supporting documents depend on whether you are an existing customer
What to check
The official page conflicts: long-term pricing says 1–66 months, while a feature says up to 72. Term bounds remain unconfirmed and this product is excluded from specific-term results. Its separate short-term monthly rate is not applied to the R450,000 limit.
Source checked 7 November 2026. Registration stated by lender: NCRCP20.
Fees & details
Fees & insurance
The official FAQ publishes an initiation-fee formula and monthly service/insurance charges, but not a complete tariff. Clause 13 of the currently linked website terms directs borrowers to their individual loan quotation and application for the loan conditions.
- Initiation fee
- The FAQ states R165 on the first R1,000 advanced plus 10% of the amount above R1,000, plus VAT. It lists caps of 15% of the loan amount or R1,050 plus VAT without identifying which applies to each product. Confirm the product-specific cap and amount in writing.
- Monthly service fee
- A monthly service fee is charged to the loan account. The FAQ and currently linked website-terms PDF do not give its numerical amount or separate VAT breakdown. Request the itemised fee in your loan quotation; the website terms are not a pricing schedule.
- Credit life / protection
- The FAQ says credit protection is included in the loan contract and charged monthly, with death, permanent disability and retrenchment cover during the original term. Own insurance is allowed with proof. The premium, calculation basis, full exclusions and detailed replacement requirements remain unconfirmed. The public insurance directory describes funeral and education products; those documents do not establish the terms of this loan’s credit-life cover.
Before you apply
- South African citizen aged 21–60
- Monthly income of at least R3,500, paid into your bank account
- Permanent employment for more than six months; not under debt review or administration
- ID, latest two payslips, three months of bank statements and recent proof of address; first-time applicants should confirm original/stamped document requirements
What to check
This is the one-month product; do not apply the separate two-to-six-month or longer-term conditions to it. Specific rates and the full insurance schedule need a written quote.
Source checked 8 November 2026. Registration stated by lender: NCRCP895.
Fees & details
Fees & insurance
The official FAQ publishes an initiation-fee formula and monthly service/insurance charges, but not a complete tariff. Clause 13 of the currently linked website terms directs borrowers to their individual loan quotation and application for the loan conditions.
- Initiation fee
- The FAQ states R165 on the first R1,000 advanced plus 10% of the amount above R1,000, plus VAT. It lists caps of 15% of the loan amount or R1,050 plus VAT without identifying which applies to each product. Confirm the product-specific cap and amount in writing.
- Monthly service fee
- A monthly service fee is charged to the loan account. The FAQ and currently linked website-terms PDF do not give its numerical amount or separate VAT breakdown. Request the itemised fee in your loan quotation; the website terms are not a pricing schedule.
- Credit life / protection
- The FAQ says credit protection is included in the loan contract and charged monthly, with death, permanent disability and retrenchment cover during the original term. Own insurance is allowed with proof. The premium, calculation basis, full exclusions and detailed replacement requirements remain unconfirmed. The public insurance directory describes funeral and education products; those documents do not establish the terms of this loan’s credit-life cover.
Before you apply
- South African citizen aged 21–60
- Monthly income of at least R3,500, paid into your bank account
- Permanent employment for more than six months; not under debt review or administration
- ID, latest two payslips, three months of bank statements and recent proof of address; first-time applicants should confirm original/stamped document requirements
What to check
The short-term product page publishes two to six months and R500–R7,000. The general FAQ does not separate fee caps by product; exact interest, service fees and insurance must be confirmed.
Source checked 8 November 2026. Registration stated by lender: NCRCP895.
Fees & details
Fees & insurance
The homepage calculator’s information panel publishes initiation and monthly service fees. Confirm the full borrowing cost and any insurance in the pre-agreement quotation.
- Initiation fee
- The calculator states 16.5% of the first R1,000 lent, plus 10% of the amount above R1,000, capped at 15% of the loan amount. VAT is added to the fee and cap. Confirm the rand amount in your quote.
- Monthly service fee
- R69 per month in the calculator information panel. That panel does not explicitly state VAT treatment or how the fee is pro-rated for shorter loans; confirm these in your quote.
- Credit life / protection
- No current credit life policy was identified in the reviewed sources. They do not confirm compulsory cover, a premium, its calculation basis, covered events or replacement-cover conditions. Request the applicable policy and quote; unknown costs are not zero.
Before you apply
- SA ID number
- Cellphone number and email address
- Bank account and employment details
- Latest 3 months bank statements showing the latest 3 salary deposits
- Fixed income and affordability assessment
- Electronic agreement and DebiCheck authorisation
What to check
The public calculator spans R500–R8,000 and 5–90 days. Ninety days is not treated as three calendar months. No distinct first-time/returning limit was confirmed. Available combinations depend on assessment.
Source checked 7 November 2026. Registration stated by lender: NCRCP8077.
Fees & details
Fees & insurance
The lending policy publishes initiation and monthly service charges plus VAT. Homepage fee wording is less explicit about VAT and differs on the initiation cap. Confirm the itemised VAT-inclusive charges and any loan insurance in the written quote.
- Initiation fee
- The lending policy states 16.5% of the first R1,000 of capital plus 10% of the amount above R1,000, plus VAT. Homepage wording also refers to R165 and a 15% cap; obtain the exact amount and cap in your quote rather than assuming those descriptions are interchangeable.
- Monthly service fee
- R60 per month plus VAT in the official lending policy. The homepage lists R60 per month without specifying VAT in that line. Confirm the VAT-inclusive charge in the loan quotation; these are not two separately payable service fees.
- Credit life / protection
- The current terms page links a PDF titled Credit Life Insurance Claim Form, under a Funeral Policy Claims heading. This is a claim form, not policy wording or a premium schedule. Mandatory cover, premium, calculation basis and replacement terms remain unconfirmed. The separate Turbosure funeral brochure does not establish credit-life terms. Ask for the policy and schedule applicable to your loan, if any.
Before you apply
- At least three months in your current job
- Income, employment and credit assessment
- Confirm the required identity, income and banking documents with MPOWA before applying
What to check
The site says repayment is due on the next payday and describes agreements shorter than six months, but exact minimum and maximum day counts or selectable monthly terms are not confirmed. This product is excluded when a specific repayment term is selected. The 3% rate depends on another loan in the same calendar year, not simply being a returning customer. Interest is not an all-in APR.
Source checked 8 November 2026. Registration stated by lender: NCRCP6666.
Fees & details
Fees & insurance
Quick Loan pricing is personalised and disclosed before acceptance. The older salary-advance tariff is not used for this product.
- Initiation fee
- An initiation fee applies, including on early settlement. The Quick Loan FAQ does not publish a numerical tariff; check the quote.
- Monthly service fee
- A separate monthly service-fee amount is not confirmed in the Quick Loan FAQ. Ask whether it applies and whether the quoted charges include VAT.
- Credit life / protection
- The reviewed Quick Loan page does not confirm compulsory cover, a premium or its calculation basis. Confirm insurance separately; Personal Loan Assurance terms are not assumed to apply to Quick Loans.
Before you apply
- South African citizen, aged 18–65
- Income paid electronically into a bank account
- Permanent, contract or self-employment and affordability assessment
What to check
This current product offers R500–R50,000 over 1–12 months. The 2026 pricing guide separately lists an older R250–R6,000 salary-linked short-term product. Its 8% fee is not applied to Quick Loans.
Source checked 7 November 2026. Registration stated by lender: NCRCP16.
Fees & details
Fees & insurance
The Term Loan includes credit life. The January 2026 mandatory policy is used below; the separate voluntary policy is not treated as this loan’s tariff.
- Initiation fee
- R1,207.50 including VAT in the R30,000 / 36-month example. It can be paid separately or added to the loan; the example is not a universal fee formula.
- Monthly service fee
- R69 per month on the product page and in its representative example. Confirm the VAT breakdown in your quote.
- Credit life / protection
- Mandatory Loan Protection Plan, with suitable replacement cover allowed. Monthly premiums change with the average outstanding loan amount; the policy schedule sets the price. The January 2026 policy covers death, disability, loss of employment and specified critical illness, with exclusions and waiting periods. The general page’s R4 voluntary-plan administration fee is not added to this loan.
Before you apply
- 18 or older; South African ID
- At least R3,000 monthly income
- Proof of address under three months old
- One payslip and three bank statements
What to check
The published rate ceiling is prime + 17.5 percentage points; no starting rate is confirmed. The 24.75% representative example is not a minimum. The voluntary protection plan’s separate administration charge is not applied to this loan.
Source checked 7 November 2026. Registration stated by lender: NCRCP15.
Fees & details
Fees & insurance
The public calculator itemises initiation, service fees, interest and insurance. The R2,500 / 18-day example checked on 7 November 2026 totals R3,001.22; this is an illustration, not a customer-specific quote. Wonga states there is no early repayment fee.
- Initiation fee
- R362.25 in the public R2,500 / 18-day calculator example checked on 7 November 2026. This does not establish a universal formula or a separate returning-customer tariff. Published fees include 15% VAT.
- Monthly service fee
- R69 per month, pro-rated for the first 30 days, including 15% VAT.
- Credit life / protection
- Wonga says credit life is built into its loans and allows existing third-party credit insurance if you send proof of cover. Its calculator names retrenchment, disability and death, and directs alternative-cover enquiries to support. The public R2,500 / 18-day example includes R12.88 insurance for that loan, not a monthly tariff. A current full policy, compulsory status, premium formula, exclusions and further replacement requirements were not confirmed; request these with your quote.
Before you apply
- Cellphone number
- SA ID number
- Bank account details
- Employment, income and expenses information
- Most recent payslip or bank statement to verify income
- Affordability/credit decision and DebiCheck approval
What to check
New customers: R500–R5,000, up to three months; returning customers: up to R8,000, up to six. The public slider’s day limits change with the date; they are not treated as permanent term bounds. Minimum term and returning-customer minimum amount need confirmation.
Source checked 7 November 2026. Registration stated by lender: NCRCP12875.
A selection of the market, not every lender. Rates and approval depend on your circumstances. How we compare
What to check when borrowing R 1 000
A R1,000 loan can have very different repayment schedules
An existing-customer payday product and a longer personal loan may both include R1,000 in their published ranges. That does not make their repayments comparable. Use the term filter after choosing days or calendar months, and check the final due date in the quotation.
Put fixed charges next to the amount borrowed
Ask for the initiation fee, recurring service charge and any insurance premium in rand. On a small loan, those amounts can be a substantial part of the cost. A headline interest rate alone cannot show how much of your next income will go towards repayment.
Understand interest, fees and insurance before comparing the full amount repayable.
Read the product behind the amount
These examples illustrate different published product ranges. They are not a ranking or personal recommendations. The full list above uses the same amount-matching rule.
Absa — Instant Loan
R 350 – R 8 000
Up to 35 days
For existing / returning customers; check the profile requirements.
Official product information ↗Catalogue source check: 7 November 2026Capfin — Personal loan
R 1 000 – R 50 000
6, 12, 24 months
Check the application requirements and available terms.
Official product information ↗Catalogue source check: 7 November 2026Standard Bank — Term Loan
R 1 000 – R 300 000
12–84 months
Check the application requirements and available terms.
Official product information ↗Catalogue source check: 7 November 2026How much is R 1 000 before borrowing costs?
Dividing the cash amount across a few periods helps show the starting commitment. These figures contain no interest, fees or insurance. They are not repayment estimates or lender offers, and the periods do not establish available loan terms.
| Illustrative period | Capital only per month |
|---|---|
| 1 month | R 1 000,00 |
| 3 months | R 333,33 |
| 6 months | R 166,67 |
Open the loan calculator for R 1 000and add the term, annual interest, fees and insurance from your written quotation. Only the amount is carried over; no costs are assumed. Its monthly model does not model day-based loans.
Check the proposed payment against your monthly budget. If existing repayments are difficult, visit Help with debt before committing to another agreement.
Questions about R 1 000 loans
Can a first-time customer use every R1,000 option here?
No. For example, the Absa Instant Loan is listed for existing Absa salary-account customers. Choose New customers to remove products restricted to existing customers, then read the remaining requirements. A published amount range does not show whether a first application will be approved.
Why are lenders with a large advertised maximum missing?
These amount pages require both a confirmed minimum and maximum. A lender advertising only a maximum has not established that it offers R1,000. Those products remain in the main directory, where the missing minimum is explained, but are excluded from this amount-specific list.
Does comparing on Fairloan start a loan application?
No. You can compare products and read their terms without sending Fairloan your ID, income documents or contact details. If you choose an official lender link, any application happens on that lender’s site. The lender decides whether to offer you credit and on what terms.
Compare a different amount
Start with what you need. A higher product limit is not a reason to borrow more.
Amount guide updated 8 November 2026. Lender records retain their own source-check dates and limitations; see each profile. Fairloan is a comparison publisher, not a lender.