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Personal Loan Calculator

Are you looking for the best personal loan calculator in South Africa? This tool offers you many matches that are suitable for your unique situation. You can choose the best match by looking at the different, estimated interest rates, monthly instalments, and repayment period from our authorised financial services provider partners.

To get a personal loan repayment calculation, adjust the sliding tool below to choose the amount of money you want. With the second sliding tool, choose the repayment term. (From 1 month to 84 months / 7 years).

Click on the “Calculate Repayment” button. You’ll see a list of lenders, their rates, as well as your estimated monthly repayments. Simply click on the button “Go To Site” to be taken to the lender’s secure online application form.

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.

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.

Use the best personal loan calculator in South Africa

Are you looking for an affordable personal loan? CompareLoans has an easy-to-use personal loan calculator that can help you choose the right credit for you. This credit repayment calculator helps you see how much you are supposed to be paying back each month.

In short, using the calculator helps you to make an informed decision. This is because when you take on debt, it’s always better to know all the costs that are involved.

What is a personal loan?

A personal loan is borrowed money from a lender, usually a bank or credit union. You then have to pay back the money you borrowed by making monthly payments that also include interest. This is usually done over many months and years.

To be exact, you can expect to pay back your debt over a period between 2 months to 72 months. Usually, personal loans are unsecured. Therefore, they do not require you to use your property as security against the credit.

Uses of a personal loan

Once you receive the money, you can use it for almost anything. For example, you can use it to pay for something expensive, like a wedding or to renovate your home. Another common use of personal loans is debt consolidation.

In simple terms, if you have many debts that need monthly payments, you can take out one big personal loan to cover all of them. You will then be left with only one credit to pay off that has a lower interest rate. Consolidating your debt this way also make the repayment process more comfortable and manageable.

calculator and pen

Why should you use a personal loan calculator?

Using the personal loan affordability calculator helps you with the following:

  • you can calculate the monthly repayment costs of the personal loan you want;
  • it allows you to see which pay-back period is better;
  • you can also see which terms are better when using the tool; and
  • overall, you can get an idea of whether you can afford to borrow money or not.

By comparing finance using the calculator, you can get the best deal for yourself.

How to use the loan repayments calculator?

  • Use the first sliding tool to choose the amount of money you want. You can also type in the amount manually. The minimum amount you can choose is R2000 while the maximum amount is R300 000.
  • Use the second sliding tool to choose the term or duration. The minimum period is 1 month while the maximum period is 84 months (7 years).
  • Click on the “Calculate Repayment” button.
  • You’ll see a list of lenders, their rates, as well as your estimated monthly repayments. Simply click on the button “Go To Site” to be taken to the lender’s secure online application form.

Tips for using the loan repayment calculator

  • Choose a amount you can afford to pay back, so you don’t damage your credit score.
  • Check for any other additional monthly service fee associated with the credit you want so you can calculate the total cost.
  • Choose a term that will not cost you too much. A short loan term means higher monthly payments, but you repay your debt quickly and reduce total interest. On the other hand, a longer repayment term means higher total interest, but the monthly payments will be more affordable.

Please Note: Our personal loan calculator for South Africa gives you approximate figures only. These estimates do not include initiation fees and other charges that may apply with your chosen lender. Also, using our loan interest calculator does not guarantee fixed interest rates.

Similarly, it does not guarantee that you will qualify for a particular credit. It is always recommended that you seek professional advice from a finance expert before taking out a personal loan.

Frequently asked questions

Where can I get a personal loan?

Many banks and institutions offer affordable personal loans in South Africa. Check out our list of featured partners and use our credit calculator to help you decide on the best offer. All the financial institutions displayed on this page are registered credit providers and will lend you money responsibly.

How do I apply for a personal loan?

It depends on the lender you’re dealing with. Generally, you can apply online. Otherwise, you might have to visit the nearest branch office. The standard requirements when you’re applying for credit include:

  • South African ID and bank account;
  • payslip or bank statements not older than 3 months; and
  • you should be 18 years and older.

How long does it take to get a personal loan?

Once you qualify to borrow money, you can receive it in your bank account within minutes or hours (same day). However, the process may take days depending on the lender you use and their application process.

How much money can I get from a personal loan?

As there are short term and long term personal loans, the amount you can borrow varies greatly. Generally, the range is from R2000 to R300 000.

What are the interest rates for a personal loan?

Interest rates range from 18.80% to 24.75% per year.

Is it a good idea to get a personal loan?

Personal loans can be helpful when you need to make a reasonable purchase or when you want to consolidate your debt. However, you should always take a credit that you can afford.

Popular personal loans searches

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