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Explore HBZ Personal Loans in South Africa

Your next HBZ Bank personal loan awaits you; all you have to do is decide which option is best for you.

Our hassle free loan calculator can help you to compare loan options to see which deal is better for you in terms of loan amount and loan term. Simply move the toggle between the loan terms and adjust the loan amount until you see your desired monthly payment.

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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 monthly incomeR4,000

Minimum term (months)1 month

Interest rate12.90%

Personal loan APR12.90%

EST monthly repayment (approx)R783

Total repayment amount (approx)R28,188

Total interest & fees paid (approx)R8,188

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

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Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of12.07.2020

GO TO Capitec 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)R805

Total repayment amount (approx)R28,980

Total interest & fees paid (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

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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

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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 monthly incomeR4,000

Minimum term (months)1 month

Interest rate16.30%

Personal loan APR16.30%

EST monthly repayment (approx)R819

Total repayment amount (approx)R29,484

Total interest & fees paid (approx)R9,484

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO Capitec Bank

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of12.07.2020

GO TO Capitec Bank

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.

A closer look at HBZ bank loans

There are a lot of reasons why one might consider taking a loan from HBZ bank. You might be looking to make a big purchase, do some home maintenance, or fund a holiday trip. Whatever the reason could be, you can get a loan solution that fits your needs from HBZ.

When it comes to personal lending, HBZ can offer you one of the following:

  • HBZ personal loan

You could choose an HBZ personal loan if you wish to use the money for anything personal that requires more cash than you have at the moment. An HBZ personal loan usually has a fixed interest rate and fixed monthly instalments.

  • Overdraft

If you bank with HBZ bank, it is possible to withdraw more cash than the balance in your account. This sum then gets deducted the next time you fund your account. It is also a convenient option for when you need to use more money than you currently have.

If you feel the need to take out a business loan, HBZ bank limited also offers several lending options for businesses as well. They include the following:

  • Business Overdraft

A business overdraft is the same as the personal overdraft in concept. This banking option allows you to withdraw more money than you have in your HBZ bank account.

  • Trade Finance Loan

An HBZ trade finance loan is a secured loan that allows businesses to buy stock and fund the operational cycle, without taking money from cash reserves. This allows the business to access cash without sacrificing the funds required for rent, salary, and equipment maintenance.

  • Commercial Loan

A commercial loan is awarded to businesses by HBZ bank. It can be used to fund the day to day running of a business or provide cash for significant capital expenditures.

  • Cheque & Bill Discounting

This allows businesses to cash cheques before their maturity but at a lower value than its par value.

What information is required by HBZ bank for them to consider a loan application?

When you apply for an HBZ loan, the bank will ask that you provide proof of income and a statement indicating your assets, liabilities, and other debts that you have.

The bank will use this information to assess whether you will be able to pay back the loan amount. If the bank decides not to offer you a loan for any reason, they will decline your application, and they will provide you with the reasons why it was not successful.

Advantages of HBZ bank loans

  • The bank offers loan solutions for personal and business needs. Therefore, whatever your need, there is a higher chance of getting a tailored and matching solution to meet your exact requirements. You only have to choose an option that will suit your needs.
  • Affordable prime interest rate.
  • You can get access to cash in times of emergency with the bank’s overdraft option since it allows you to withdraw a lot more than what is in your account

How do HBZ bank loans work?

Before your loan application is applied, and any agreements are signed, the bank will supply you with a pre-loan agreement. This document will contain the main features of the loan and the total costs involved. You will only have 5 days to check out the document and determine if you agree with the terms.

If the bank approves your loan or overdraft, they will proceed to report your loan details to the credit bureau. During the life of the loan, the bank will also supply monthly reports about your account to the credit bureau. The bank will make sure the information provided is as accurate as possible.

Are the loan terms different for married couples?

If you are married and your loan application is approved, you will have to obtain your partner’s written consent before the money is made available. Most married partners are in community of property, and whenever one partner takes out a loan, they might be putting assets at risk of being possessed.

If the partner doesn’t consent, it means that the bank does not have anything to use as security for the loan. Therefore, the application is likely to get declined.

How to apply for an HBZ loan

HBZ personal loan applications are made online. To apply for the loan, click the HBZ loan link, and you will get redirected to the bank’s page where you can complete the application.

How to get the most benefits from an HBZ bank personal loan

  • Make sure you are only borrowing an amount that you can afford to pay back. If you manage to pay the monthly instalments on time, it will positively impact your credit score.
  • Get a loan amount that suits your particular unique needs. Do not take more money than you need. Loans are expensive to pay back, and if you don’t really need the money, it’s best not to take out one.

Frequently asked questions

Are HBZ loans safe?

HBZ loan operates under the South African National Credit Act.

Can I get a loan from HBZ if I have bad credit?

Banks usually shy away from giving loans to individuals with bad credit. However, the bank treats each loan application differently and assesses a combination of things before deciding if they should approve your loan.

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