Important disclosure

Budget Insurance Personal Loans

A personal loan could help you reach your next financial goal and Budget Insurance have loan options that can help you. Our simple loan calculator below was designed to help you compare you loan options so that you can have an idea of what your monthly payment will be like.

You can adjust the filter to the loan term that suits you or change the loan amount if you think a different figure would benefit you more.

Calculate repayments

Loan Amount



3 months

Sorry, no results were found provides factual information in relation to financial products. While 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 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 recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see's Terms of Use.

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.

How to get Budget personal loans in South Africa

If you’re looking for some extra cash, you don’t just want any personal loan – you want a Budget personal loan. This type of loan can cover many areas of your life from medical bills to home renovations and day-to-day needs. Are you interested in what Budget has to offer? Let’s take a look at why you should choose Budget Insurance:

  • They’re fully compliant with the terms of the National Credit Act;
  • The company is powered by RCS, a registered credit and authorised financial services provider; and
  • You get excellent customer service with friendly consultants available to help you.

What are the top benefits of Budget Insurance loans?

  • An online application that is quick and has no paperwork;
  • You get a reply in seconds;
  • The extra cash you need within 24 hours;
  • Flexible repayments; and
  • Competitive interest rates starting from 15%.

How much can you borrow and for how long?

Your Budget personal loan can be anywhere between R1000 and R250 000. However, how much you get depends on your credit score, income, and expenses. Your credit score is a result of your past actions when it comes to paying back your loan.

A high credit score indicates good behaviour, and this enables you to borrow more. In addition, you can choose a repayment period between 12 and 60 months (5 years). Once your Budget Insurance loan gets approved, the money is electronically transferred into your account. This usually happens within 24 hours. Unfortunately, Budget Insurance does not offer cash loans.

How much is interest plus other charges?

Budget Insurance offers competitive interest rates that can be as low as 15%. The company calculates your rate based on the terms of the National Credit Act, which sets the maximum interest rate at 24.75% per annum. One big advantage you’ll get is a fixed rate and monthly instalments that never go up even if the interest rate increases.

Other charges include a service fee and a once-off initiation fee. Since loan details can vary, the exact costs will be communicated in your pre-agreement. Furthermore, any costs charged to your account will be shown on your statement.

How do you pay the loan back?

When you sign your loan agreement, you give Budget Insurance permission to automatically deduct your monthly payments from your account. You also get monthly statements for free via email or mobile so you can track how your payments are going.

If you have any difficulties with paying back your loan, you should contact Budget Insurance as quickly as possible. Otherwise, failed debit order collections can lead to additional charges, termination of your loan agreement, or legal action against you.

Budget also offers customer protection insurance

Your Budget personal loan must also include Customer Protection Insurance. RCS Customer Protection Insurance is underwritten by 1Life and covers all your remaining loan instalments in the event of death or permanent disability. However, it only covers your loan instalments for 12 months in the event of temporary disability and loss of income. RCS Customer Protection Insurance is optional since you can also choose a different but suitable insurance plan.

What you need to apply for Budget insurance loans

  • Minimum age is 18 years;
  • Valid South African ID or driving licence;
  • South African bank account in your name;
  • Minimum salary or income of R2000 every month; and
  • Documents for proof of income – bank statements and payslips.

Budget Insurance personal loans calculator

While a personal loan can improve your cash flow, you must carefully consider if you can afford it first. To help you reach an affordable decision, CompareLoans has created a free-for-all Budget personal loan calculator.

Just use the sliding tools to choose a loan amount and loan term. Click “Calculate Repayment” to find out what you’ll be expected to pay back each month. Also, take a look at your monthly income and expenses to see which result is best for your situation.

How to apply for a Budget personal loan online

Applying for a Budget personal loan is easy. When you have reached a decision scroll up to the comparison tables and click on the correct “Go to Site” button. Once you’re directed to the Budget Insurance website, complete and submit the online application form. Consultants will call you back to finalise the loan application.

Popular personal loans searches

View all lenders