Important disclosure

Personal loans for R11,000

Loan offerings come in many different shapes and sizes. To know the best option for your next big expense would require to have an idea of the monthly obligations involved.

For a loan of R11 000, our loan calculator can help you compare the best option among South African lenders so that you can be at ease when making your choice. Simply adjust the loan amount and loan term and click “calculate” to get a quote for your monthly payment.

Calculate repayments

Loans up to R250,000. Terms between 7 months and 72 months. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR4,000

Minimum term (months)7 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R493

Total repayment amount (approx)R17,748

Total interest & fees paid (approx)R6,748

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO African Bank

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Data accurate as of18.01.2020

GO TO African Bank

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MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate15.00%

Personal loan APR12.90%

EST monthly repayment (approx)R493

Total repayment amount (approx)R17,748

Total interest & fees paid (approx)R6,748

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO MoneyShop

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Redraw facilityn/a

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Data accurate as of26.10.2020

GO TO MoneyShop

Hide info -

Go through Fincheck's online application to get matched with personal loan provider that's best suited to your credit score and personal circumstances. Easy online application.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate16.00%

Personal loan APR16.00%

EST monthly repayment (approx)R499

Total repayment amount (approx)R17,964

Total interest & fees paid (approx)R6,964

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO MoneyShop

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Redraw facilityn/a

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of26.10.2020

GO TO MoneyShop

Hide info -

MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate24.75%

Personal loan APR24.75%

EST monthly repayment (approx)R554

Total repayment amount (approx)R19,944

Total interest & fees paid (approx)R8,944

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO MoneyShop

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Redraw facilityn/a

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Data accurate as of26.10.2020

GO TO MoneyShop

Hide info -

A cash loan from R2 000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Free monthly statement via email or SMS. Customer Protection Insurance. Interest from as low as 15%. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR2,000

Minimum term (months)12 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R484

Total repayment amount (approx)R17,424

Total interest & fees paid (approx)R6,424

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR936.50

GO TO RCS

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Data accurate as of18.01.2020

GO TO RCS

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Simplify your debt with one consolidation loan. Combine up to 5 loans into one single consolidation of up to R250 000 and get one lower repayment. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R493

Total repayment amount (approx)R17,748

Total interest & fees paid (approx)R6,748

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO African Bank

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Data accurate as of18.01.2020

GO TO African Bank

Hide info -

Loans up to R250,000. Terms between 7 months and 72 months. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR4,000

Minimum term (months)7 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R493

Total repayment amount (approx)R17,748

Total interest & fees paid (approx)R6,748

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO African Bank

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Data accurate as of18.01.2020

GO TO African Bank

Hide info -

Instead of having many accounts to pay each month, you’ll only have a single monthly payment. You could improve your monthly cash flow. We’ll do the legwork, your loan will be used to settle your retail or credit accounts, or existing loans. Any money remaining you can use as you please. Repayments are fixed Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR5,000

Minimum term (months)12 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R493

Total repayment amount (approx)R17,748

Total interest & fees paid (approx)R6,748

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO DirectAxis

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Data accurate as of18.01.2020

GO TO DirectAxis

Hide info -

A personal loan from R1000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Fixed monthly repayments. Free monthly statement via email or SMS. Optional Customer Protection Insurance. Interest from as low as 15%. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR5,000

Minimum term (months)12 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R493

Total repayment amount (approx)R17,748

Total interest & fees paid (approx)R6,748

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO DirectAxis

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Data accurate as of18.01.2020

GO TO DirectAxis

Hide info -

MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate15.00%

Personal loan APR12.90%

EST monthly repayment (approx)R493

Total repayment amount (approx)R17,748

Total interest & fees paid (approx)R6,748

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO MoneyShop

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Redraw facilityn/a

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Data accurate as of26.10.2020

GO TO MoneyShop

Hide info -

Go through Fincheck's online application to get matched with personal loan provider that's best suited to your credit score and personal circumstances. Easy online application.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate16.00%

Personal loan APR16.00%

EST monthly repayment (approx)R499

Total repayment amount (approx)R17,964

Total interest & fees paid (approx)R6,964

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO MoneyShop

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Redraw facilityn/a

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of26.10.2020

GO TO MoneyShop

Hide info -

MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate24.75%

Personal loan APR24.75%

EST monthly repayment (approx)R554

Total repayment amount (approx)R19,944

Total interest & fees paid (approx)R8,944

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO MoneyShop

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Redraw facilityn/a

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Data accurate as of26.10.2020

GO TO MoneyShop

Hide info -

Goods from R2 000 up to R250 000 can be purchased at accredited stores. Flexible repayment terms from 6 up to 72 months to suit your pocket. No deposit required. Straightforward application process. A loan from a trusted bank for the goods you need. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR3,500

Minimum term (months)6 months

Interest rate24.75%

Personal loan APR24.75%

EST monthly repayment (approx)R554

Total repayment amount (approx)R19,944

Total interest & fees paid (approx)R8,944

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO Nedbank

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Data accurate as of12.07.2020

GO TO Nedbank

Hide info -

Loans available from R2 000 to R300 000*. Flexible repayment periods from 6 up to 72 months. Monthly repayments debited from your bank account. The best possible interest rate that we can offer you. Easy online loan application process. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR3,500

Minimum term (months)6 months

Interest rate24.75%

Personal loan APR24.75%

EST monthly repayment (approx)R554

Total repayment amount (approx)R19,944

Total interest & fees paid (approx)R8,944

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO Nedbank

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Data accurate as of12.07.2020

GO TO Nedbank

Hide info -

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CompareLoans.co.za provides factual information in relation to financial products. While CompareLoans.co.za attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on CompareLoans.co.za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with CompareLoans.co.za. CompareLoans.co.za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see CompareLoans.co.za's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of loan are you looking for?

Find the best personal loans for R11 000 in South Africa

Do you need a R11 000 loan? CompareLoans helps you compare the available options.

Here’s what you need to know if you wish to increase the chances of getting approved and receiving this cash amount in your bank account.

R11 000: What are the personal loan options for this amount?

  • Bad credit loans. If your loan application is likely to get rejected because of your low credit score, there are South African lenders that offer bad credit loans for R11 000. However, be prepared for high interest rates and payments. To improve your chances of qualifying for a personal loan with better rates, you can secure the loan, use a co-signer, or take time to pay off your debts and improve your credit score before applying.
  • Good credit loans. These offer competitive and low interest rates and fees. Loans for excellent credit and average credit are also available.
  • Online loans. You can apply for a small personal loan online via secure platforms that keep your data safe. All you need is a working and stable internet connection and your smartphone or computer. You can even complete the entire application process online and receive money in the comfort of your own home.
  • Secured loans. A secured personal loan uses any asset of yours as collateral for the loan. The asset could be your house (home equity loan) or car which the lender can legally claim should you fail to make repayments. Since the lender takes on less risk, secured personal loans typically have low interest rates (compared to unsecured loans).
  • Unsecured loans. Unsecured R11 000 personal loans are easily available and a popular option for South African borrowers with a good or excellent credit score. No collateral is required, and there’s, therefore, no risk of losing your assets.
  • Debt consolidation loans. A personal loan works as a consolidation loan if you use it to pay off several smaller loans. That leaves you with only one loan that is easy to manage and which requires a single monthly payment.
  • Business loans. If you need a small business loan to boost your cash flow, you can apply for a personal loan. A R11 000 loan may be suitable for most day-to-day business purposes.
  • Student loans. A personal loan can cover your school fees or education as well as other related costs such as textbooks, accommodation, and transport.

What you need to get a R11 000 loan

Take a look at the general requirements for loan amounts in this amount. Keep in mind that personal loan requirements depend on the lender, whether the loan is secured or not, and other factors:

  • Valid South African ID or permanent residency;
  • Be permanently employed (some lenders accept the self-employed if they meet income requirements);
  • Have a regular monthly income;
  • Proof of income documents – payslips and bank statements; and
  • Proof of residence.

What are the repayments on a R11,000 loan?

Your monthly repayment will vary from lender to lender. It will depend on factors such as your credit score, which will increase or decrease your interest rate and the length or “term” of your loan. Longer-term loans will decrease your monthly repayment but will increase the overall interest and fees you will have to pay.

Typical costs when you borrow R11,000 over 12 months:

    • Initiation fee: up to R1207.50
    • Monthly admin fee: R69
    • Interest rate: Between 14% and 27.50%
    • Monthly repayments: Between R1,165 and R1,244
    • The total cost on a R11,000 loan: Between R13,981 and R14,929

3 top tips that help you choose the best R11 000 loan

With so many South African lenders and loan options available, using these 3 factors provides an easy way to compare loans. This enables you to get the best option based on your credit and financial situation:

  • Interest rate and fees. Whether you have bad, average, or good credit, look for loans with minimum rates and charges. Since the interest rate can be variable or fixed, you also have to decide which rate option suits your preferences.
  • Repayment options. This involves looking at how you’ll pay back the loan. For example, can you make additional or early repayments without being charged a penalty fee? Are you allowed to choose affordable payments and flexible loan terms?
  • Processing time. For small loan amounts starting from R11 000, find a lender with excellent customer service and a quick application process. This allows you to use the funds for any immediate needs.

Where can you find a R11 000 loan?

At CompareLoans, we have several options available if you’re searching for a personal loan with an amount that falls in this amount. Head over to our comparison tables above so you can take a look at our featured personal lenders that include Capitec, FNB, and Standard Bank. Use our loan calculator to easily compare lenders since the results for your expected monthly payments will also appear in the comparison tables.

How to apply online

Once you have selected a lender from our comparison tables, simply click the correct “Go to Site” button. This link guides you to the lender’s website where you can make an online application. Usually, the process involves filling in a form and uploading soft copy documents from your computer. The lender will contact you to finalise the loan contract if your personal loan application is approved.

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