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Personal loans for R95,000

South African lenders are ready to help you finance your next financial goal with a personal loan of R95,000. Use our loan calculator below to decide on which loan option is better for your pocket.

You can easily adjust it between the loan term and loan amount until the monthly payment better matches your budget. Go ahead and give it a quick try.

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)R3,405

Total repayment amount (approx)R122,580

Total interest & fees paid (approx)R27,580

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)R3,405

Total repayment amount (approx)R122,580

Total interest & fees paid (approx)R27,580

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

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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)R3,452

Total repayment amount (approx)R124,272

Total interest & fees paid (approx)R29,272

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)R3,882

Total repayment amount (approx)R139,752

Total interest & fees paid (approx)R44,752

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)R3,395

Total repayment amount (approx)R122,220

Total interest & fees paid (approx)R27,220

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)R3,405

Total repayment amount (approx)R122,580

Total interest & fees paid (approx)R27,580

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)R3,405

Total repayment amount (approx)R122,580

Total interest & fees paid (approx)R27,580

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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It is easy to apply for a Bayport personal loan of up to R250,000 with our simple online loan application process and personalised service. Once you have registered, all it takes is a minute, to find out if you qualify for a Bayport personal loan. 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)6 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R3,405

Total repayment amount (approx)R122,580

Total interest & fees paid (approx)R27,580

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO BayPort

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 BayPort

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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)R3,405

Total repayment amount (approx)R122,580

Total interest & fees paid (approx)R27,580

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

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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)R3,405

Total repayment amount (approx)R122,580

Total interest & fees paid (approx)R27,580

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)R3,405

Total repayment amount (approx)R122,580

Total interest & fees paid (approx)R27,580

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)R3,452

Total repayment amount (approx)R124,272

Total interest & fees paid (approx)R29,272

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)R3,882

Total repayment amount (approx)R139,752

Total interest & fees paid (approx)R44,752

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)R3,882

Total repayment amount (approx)R139,752

Total interest & fees paid (approx)R44,752

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

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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)R3,882

Total repayment amount (approx)R139,752

Total interest & fees paid (approx)R44,752

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?

How to apply and get approved for a R95 000 loan

Find out how to access a R95 000 loan and what you can do to get the most beneficial option for your situation.

Where can you get a R95 000 loan in South Africa?

Looking for the perfect loan can take up much of your time, and sometimes making a final decision is a little tricky. However, if you take a quick look at our comparison tables, you’ll see that we have done most of the work for you.

We have a list of popular South African lenders that you can easily compare using the information provided. If you want more details, just click, “View fees and additional info.”

R95 000: Secured personal loans vs. unsecured personal loans

If you choose a R95 000 personal loan, it can be secured or unsecured:

  • A secured loan involves using your assets (it could be your house, car, or something valuable) to secure the loan. That means if the lender doesn’t get their money back from you, they’ll take the asset instead.
  • Unsecured loans are another option for personal loans. They’re popular because they require no collateral, so your assets will be safe. However, the lender has more risk (nothing to hold on to if you fail to repay) so they are likely to charge a higher rate.

Whether you choose a secured loan or not, you also have the following options:

  • Apply online. Online personal loans are very convenient since you can submit an application in the comfort of your home. If you’re interested in making an online loan application, check our comparison tables above and click the “Go to Site” button for your lender.
  • Variable rate. A variable interest rate loan is linked to the current market conditions as influenced by the economy. If the rate goes down the total cost of your loan also goes down. However, the rate can also go up, so your monthly payments may fluctuate.
  • Fixed rate. A personal loan with a fixed rate also has fixed monthly payments. Regardless of market conditions, the interest rate you get at the start of your loan remains the same until you finish your payments.

How long do you need to repay a R95 000 loan?

Personal loan terms typically have a minimum of 12 months and a maximum of 72 months. If you want to pay back the loan in smaller monthly payments, you can choose a longer loan term. However, since interest is charged on a monthly basis, the total cost of your loan goes up.

A shorter loan term has larger monthly payments but a lower total cost, so keep this in mind when choosing your term.

R95 000 loans for bad credit

A bad credit score can make it challenging to get a loan above R50 000. However, some South African lenders do offer bad credit personal loans. To increase your chances of approval, apply for a secured personal loan.

You can also make a joint application with someone who has a better credit score than you. This person will be responsible for your loan if you fail to make repayments.

Tips to help you find a loan with the most advantages

  • Look for the lowest interest rate. The lowest rate you can get typically depends on your credit score. There are loans for average credit, good credit, and excellent credit.
  • Find out about other fees. Choose a loan with the lowest fees. You’ll be able to keep the total cost of your loan down, which saves money. Standard charges to look out for include monthly service fees and initiation fees.
  • Look for a loan provider who offers flexible terms. The lender should make it easy for you to borrow and repay, depending on your needs. An important example is being able to make early or additional payments at no extra cost.

What are the repayments on a R95,000 loan?

Your repayment will vary from lender to lender and will depend on factors such as your credit score, loan term and fees. A low credit score will increase your interest rate whilst a good credit score will reduce the interest rate. Longer-term loans will reduce your monthly repayment but will increase your total cost.

Typical costs when you borrow R95,000 over 36 months:

    • Initiation fee: up to R1207.50
    • Monthly admin fee: R69
    • Interest rate: Between 14% and 27.50%
    • Monthly repayments: R3,357 and R4,023
    • The total cost on a R95,000 loan: Between R120,857 and R144,812

As you can see from the example above, the interest rate can have a significant impact on the total cost over the life of the loan.

What are common uses for this loan amount?

With so many expenses to cover in life, the good news about R95 000 personal loans is they can be used to pay for most things. Common reasons why South Africans take out this loan amount include:

How to apply for a R95 000 loan?

  1. Compare loans. Use factors like the interest rate and fees to find an affordable loan.
  2. Use our loan calculator. Choose a monthly instalment that fits your budget.
  3. Check for requirements. General requirements include valid South African ID number, bank statements, payslips, and a regular, monthly income.
  4. Click “Go to Site.” There’s a button for every lender in our comparison tables. Choose a lender and visit their website with one click.

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