Compare settlement figures
List what you owe and the remaining cost of your current agreements before looking at a new loan.
Check the new term
A longer term can lower a monthly payment while increasing the total interest and recurring fees.
Understand the alternative
Debt counselling is different from taking out a new loan. Explore our support page if existing repayments are unmanageable.
Fees & details
Fees & insurance
The consolidation page does not publish numerical charges. The currently linked contract confirms credit life is required; the quote supplies the costs.
- Initiation fee
- No numerical initiation fee or formula is published on the reviewed consolidation page. Confirm whether it applies, its VAT treatment and whether it is financed.
- Monthly service fee
- The contract includes monthly service fees in the instalment, but does not specify a numerical tariff. Check the pre-agreement quotation.
- Credit life / protection
- Required under clause 22 of the currently linked contract. Guardrisk cover or an acceptable equivalent policy may be used. The contract describes death, disability, retrenchment and dread-disease benefits, subject to policy terms. Monthly premiums are included in the instalment; the premium amount and calculation basis are not published.
Before you apply
- Check whether your employer participates
- Confirm income, documents and affordability requirements directly with Bayport
What to check
The current official page does not publish an amount or repayment-term range. This product is excluded when a specific amount or term is selected. Historical limits from third-party directories are not used.
Source checked 7 November 2026. Registration stated by lender: NCRCP4685.
Fees & details
Fees & insurance
The 2026 pricing guide includes VAT. The separate insurance cost must be confirmed in the loan quote.
- Initiation fee
- The guide lists R165 plus 10% of the limit above R1,000, capped at R1,207.50. Confirm the exact charge in your quote; the product page says it is added to the borrowed amount.
- Monthly service fee
- R69 per month, including VAT, in the 2026 personal-loan pricing table.
- Credit life / protection
- Nedbank says personal loans include insurance, with the premium built into the instalment. Personal Loan Assurance covers death, disability and loss of income, subject to conditions and waiting periods. No numerical premium tariff or calculation basis is confirmed on the policy product page. Ask about equivalent replacement cover and the applicable policy schedule.
Before you apply
- Income and affordability assessment
- Identity and supporting documents
- Confirm the exact requirements with Nedbank
What to check
The dated 2026 guide confirms R2,000–R400,000 and 6–84 months. It states a maximum interest rate of prime + 17.5 percentage points; the product page uses inconsistent numerical examples. No guaranteed starting rate is listed here.
Source checked 7 November 2026. Registration stated by lender: NCRCP16.
Fees & details
Fees & insurance
Old Mutual publishes a fee formula and states when credit life premiums apply. The final premium still needs a quote.
- Initiation fee
- R165 plus 10% of the loan amount above R1,000, capped at R1,050 excluding VAT. The R5,000 / 3-month example shows R649.75.
- Monthly service fee
- R60 per month excluding VAT; the representative example shows R69 including VAT.
- Credit life / protection
- Charged monthly for loan terms of 12 months or longer, based on the loan amount at application. The reviewed page does not give the premium rate, covered events or replacement-policy conditions. Confirm these in the policy and quote; no zero-cost assumption is made for shorter terms.
Before you apply
- South African citizen aged 18–60
- Income of at least R2,500 a month
- At least three months with the same permanent employer
- ID, latest payslip and three months of bank statements no older than seven days
What to check
The page publishes a 28% annual maximum, not a minimum or an all-in APR. Available amounts and terms depend on assessment. Use a current written quote for the exact insurance and full repayment.
Source checked 7 November 2026. Registration stated by lender: NCRCP35.
A selection of the market, not every lender. Rates and approval depend on your circumstances. How we compare