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Direct Axis Personal Loan Repayment Calculator

Our free and easy to use Direct Axis personal loan repayment calculator will help you discover the total cost of your loans quickly and easily. It determines the monthly loan repayment of a certain loan amount over a certain period of time.

Simply adjust the calculator to meet your requirements of loan amount and loan term then click calculate. Start today.

Calculate repayments

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

Overview

Minimum loan amountR5,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R805

Total repayments (approx)R28,980

Total interest repayments (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR5,000

GO TO DirectAxis

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0861 02 03 04

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%

Overview

Minimum loan amountR1,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R805

Total repayments (approx)R28,980

Total interest repayments (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR5,000

GO TO DirectAxis

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Telephone0861 02 03 04

Data accurate as of18.01.2020

GO TO DirectAxis

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%.

Overview

Minimum loan amountR2,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R796

Total repayments (approx)R28,656

Total interest repayments (approx)R8,656

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR936.50

Minimum monthly incomeR2,000

GO TO RCS

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0861 729 727

Data accurate as of18.01.2020

GO TO RCS

Hide info -

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.

Overview

Minimum loan amountR50,000

Maximum loan amountR100,000

Minimum term (months)1 month

Maximum term (months)84 months

Personal loan interest rates (base)14.20%

Personal loan APR14.20%

Monthly repayments (approx)R797

Total repayments (approx)R28,692

Total interest repayments (approx)R8,692

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR3,000

GO TO Capitec Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 66 77 89

Data accurate as of12.07.2020

GO TO Capitec Bank

Hide info -

Loans up to R250,000. Terms between 7 months and 72 months.

Overview

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)7 months

Maximum term (months)72 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R805

Total repayments (approx)R28,980

Total interest repayments (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO African Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Telephone0861 111 011

Data accurate as of18.01.2020

GO TO African Bank

Hide info -

Tired of those expensive repayments? Then switch your personal loans to Absa. It’s easy and with our guaranteed lowest interest rate, you will start saving money immediately. We can switch your personal loans of up to R350 000 and pay your creditors directly.

Overview

Minimum loan amountR15,000

Maximum loan amountR350,000

Minimum term (months)12 months

Maximum term (months)84 months

Personal loan interest rates (base)18.82%

Personal loan APR18.82%

Monthly repayments (approx)R845

Total repayments (approx)R30,420

Total interest repayments (approx)R10,420

Rate typeFixed or Variable

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feen/a

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 100 372

Data accurate as of12.06.2020

GO TO Absa

Hide info -

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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.

What type of loan are you looking for?

Direct Axis loan calculator: Find your monthly repayment

Are you planning to apply for a Direct Axis personal or consolidation loan, and you’re wondering how much you will have to pay back? We give you the answers in this article.

CompareLoans brings you its free loan calculator that was created to help you find out how much a Direct Axis loan costs. Whether you want to use the loan amount to consolidate your debt, pay medical bills, or renovate your home, this loan calculator gives you a good picture of what you might pay each month. Read on to find out how the whole process works, plus more.

How does the Direct Axis personal loan calculator work?

When you use this loan repayment calculator, you’ll be able to see the size of the monthly payment for the loan amount you have chosen. In addition, the interest costs and other charges associated with the loan are also included in these monthly payments.

This way you’ll see how much the loan will cost you every month until you finish repaying it. That means you can get a good idea of whether you can afford the loan or not. Also, you can pick out the cheapest option, which saves you time and money. The interesting thing is you can do all this in just a few minutes.

Here’s a representative example for a Direct Axis personal loan calculator:

  • Loan amount: R40 000
  • Loan term: 12 months
  • Monthly repayment amount: R3790 (inclusive of fees)
  • Estimated total cost of the loan: R45 480

There are two types of Direct Axis loans

Direct Axis offers two types of loans: The personal loan and the debt consolidation loan. When you use the Direct Axis loan calculator, you’ll be able to calculate the monthly repayment amount for both these types of loans.

The Direct Axis personal loan calculator

With the Direct Axis personal loan, you can borrow a loan amount between R1000 and R250 000. The loan term varies from 24 to 72 months. Before you apply for a personal loan with Direct Axis, you should use the calculator to decide how much you want to borrow.

Also make a decision about how much you can afford to repay. There is a big difference between the two. The loan calculator results will help you see if the amount you want to borrow is also the same amount you can afford to pay back.

The Direct Axis consolidation loan calculator

The loan amount for a Direct Axis debt consolidation loan ranges from R5 000 to R250 000. As with personal loans, the loan term for the debt consolidation loan starts from 24 months and goes up to 72 months (6 years). You can use this type of loan to pay off your other debts, which leaves you with only one loan account and one monthly payment.

The Direct Axis consolidation loan calculator helps you decide if the loan you’re applying for is right for your financial situation. This is important because a debt consolidation loan should be a cost-effective way to manage your debt. Therefore, the Direct Axis debt consolidation loan calculator helps you see if taking out the loan is a cheaper and time-saving option.

How to use the Direct Axis personal loan calculator

Follows these simple and straightforward steps to get the best results from the Direct Axis repayment calculator:

  1. Enter your loan amount: Once you have a loan amount in mind, move the first slider either left or right until the correct amount shows. Alternatively, you can type in the amount.
  2. Enter your loan term: Next, adjust the second slider to choose the amount of time you need to pay back the loan.
  3. Press “Calculate Repayment”: This immediately shows an example of your monthly instalment amount. Changing the loan amount and loan term gives you different examples that help you compare many loan options.

Please Note: The results supplied by the Direct Axis loan calculator are subject to confirmation. When you make your loan application, you might receive a different monthly instalment with a different interest rate that is based on your credit history and personal risk profile.

Where can you see the results from the Direct Axis loan repayment calculator?

When you use the loan calculator, the results are displayed in the comparison tables above. You will see there are two loan options available, which are the personal and consolidation loan. That means for any loan amount and term you choose, you’ll be able to view the monthly instalment amount for both these types of loans at the same time.

Advantages of using the Direct Axis loan calculator

  • It helps you calculate the total cost of your loan quickly and easily.
  • You can find the best monthly payment option by using the calculator freely and as many times as possible.
  • The repayment calculator gives you a better understanding of the loan amount you can afford since you can see if the monthly payments for your Direct Axis loan will fit into your budget or not.
  • You’ll be able to make smart decisions involving which amount to borrow and the best way to pay it back.
  • When consolidating debt, you can easily choose the best option that saves you time and money.

Tips for using the Direct Axis loan repayment calculator

  • Try to get as many monthly payment results as possible by changing the loan amount and term. It helps you to better compare and calculate the cheapest option.
  • Multiply the monthly repayment amount with the number of months (loan term) to get a good idea of the loan’s overall cost.
  • Remember, a shorter repayment term gives you larger monthly payments, but it saves you from paying more interest and fees. However, a longer loan term gives you more affordable monthly payments, but you’re likely to pay more interest.

Find out more about Direct Axis personal and consolidation loans.

More about Direct Axis

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