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Personal Loans in Cape Town

If you’re a resident of Cape Town, learn about the personal loan options available in your city and how to choose the most flexible cash offer for your personal needs.

Simply input the loan amount and the duration and hit “Calculate Repayments” to browse through lenders.

Calculate repayments

Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.
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.
Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.
Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.

RCS General Purpose Loan

RCS
12 months
to 60 months
R2,000
to R250,000
15.00%
APR
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.
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.

African Bank Personal Loan

African Bank
7 months
to 72 months
R10,000
to R250,000
15.00%
APR
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.

BayPort Personal Loans

BayPort
6 months
to 72 months
R20,000
to R250,000
15.00%
APR
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.

Direct Axis Consolidation Loan

DirectAxis
12 months
to 60 months
R5,000
to R250,000
15.00%
APR
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.

Direct Axis Personal Loan

DirectAxis
12 months
to 60 months
R1,000
to R250,000
15.00%
APR
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.
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.

Personal Loan - Average Credit

MoneyShop
12 months
to 72 months
R10,000
to R250,000
24.75%
APR
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.
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.

Nedbank Personal Loans

Nedbank
6 months
to 72 months
R2,000
to R350,000
24.75%
APR
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.
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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.

Personal loans in Cape Town – South Africa

If you’re a resident of Cape Town, learn about the personal loan options available in your city and how to choose the most flexible cash offer for your personal needs.

Where can you find the best personal loans in Cape Town?

At CompareLoans, we have several registered credit providers featured in the comparison tables above. You can also browse this list of popular and trusted South African personal loan lenders.

How do personal loans work if you’re in Cape Town?

Here are simple answers to your questions about how personal loans work for Cape Town borrowers:

  • How much can you borrow? – Typically, between R2000 and R3000. Loan amount depends on your income level and your monthly budget.
  • How long do you take to pay back? – Loan terms can range from 12 to 72 months or 84 months.
  • What can you use the money for? – You’re free to use the cash advance for anything, including for debt consolidation, holidays, and car repairs.
  • What’s the interest rate? – You get a personalised interest rate that depends on whether you have bad credit, average credit, good credit, or excellent credit.

What are the types of personal loans available in Cape Town?

How to choose the best personal loan in Cape Town

While comparing our featured lenders in the comparison tables above, use the following factors to compare loans:

  • Interest rate. Find the lender with the lowest base rate.
  • Loan fees and charges. Standard fees to watch out for are initiation fees, monthly service fees, early payment fees and late payment fees.
  • Loan repayment terms. Use our loan calculator for Cape Town personal loans to find an affordable monthly payment. Start by adjusting the sliders to enter your loan amount and term, then click calculate.

What you need to apply – General requirements

  • Be 18 years or older;
  • Valid South African ID;
  • South African bank account;
  • Payslips and bank statements; and
  • Proof of residence.

Applying for online personal loans in Cape Town

To apply for a personal loan online in Cape Town, pick the lender you want from our comparison tables above and then click “Go to Site.” Once you have been directed to the lender’s website, follow the instructions to complete your online loan application.

Important question – Are there blacklisted personal loans in Cape Town?

Some South African lenders offer loans for blacklisted as well as bad credit personal loans to Cape Town borrowers. You can also look for payday loans in Cape Town if your credit score is low. However, these loans usually have high interest rates.

Popular personal loans searches

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