Important disclosure

Personal Loans in Durban

Are you living in the coastal city of Durban and looking for some financial help? Use our calculator tool to compare personal loans in Durban and find the right option for your needs.

Simply input your desired loan amount and repayment period below to browse through top Durban lenders.

Calculate repayments

Loan Amount

R20,000

Term

3 months

Arcadia Finance

Consolidation Loans

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
R10,000
to R250,000
Arcadia Finance helps you find the best debt consolidation loans from leading South African loan providers by comparing options from authorised banks and lenders. Fill out our free, no-obligation, online application to save hundreds of rands in interest rates and costs.
Arcadia Finance

Personal Loans

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
R10,000
to R250,000
Arcadia Finance helps you find the best loans from leading South African loan providers by comparing options from authorised banks and lenders. Fill out our free, no-obligation, online application to save hundreds of rands in interest rates and costs.
MyLoan

The Right Personal Loan Matched to You

Estimated Month Repayments
Interest Rate
16.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
R5,000
to R250,000
MyLoan is the easiest way to get loan offers from many lenders. With one application, you will be pre-vetted at many lenders and can see which lenders can give a loan to you today!

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.

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.

Durban City

Personal loans in Durban – South Africa

At CompareLoans, we have a range of South African lenders featured in our comparison tables above. You can also view our list of popular, personal loan lenders – click on your choice and find more details we have added to make your search easier and faster.

How do personal loans work in Durban?

Typically, you can apply for a loan amount between R8001 and R300 000 taken over 12 months to 84 months. The following types of loans are also available:

  • Unsecured. No collateral required.
  • Secured. Collateral in the form of a house, car, or other asset is required. The asset can be seized if you fail to repay your personal loan.
  • Variable-rate. The interest rate is likely to fluctuate as you pay your loan.
  • Fixed-rate. The interest rate remains unchanged as long as you’re still paying off your loan.

How does a personal loan help you?

Personal loan uses include:

Comparing personal loans in Durban

Use this 3-point checklist to find the best available loan offer to suit your budget and needs:

  • Interest. Keep in mind, the exact rate you get is based on whether you have bad, average, good or excellent credit. However, finding a lender with a low base interest rate ensures you get the most competitive deal for your credit score.
  • Monthly loan repayments. Our calculator shows your estimated monthly instalments. Adjust the sliders to choose a loan amount and loan term, then click calculate. Compare the results for each lender and pick the option with the best repayment terms.
  • Fees. To reduce the total cost of borrowing, look for a loan with low fees. Most personal loans include an initiation fee, monthly service fee, and early or late payments charges. Choosing a short term also helps to keep costs down.

Can you find blacklisted personal loans in Durban?

You can find bad credit personal loans in Durban, which is good news if you have a bad credit score. Consider a joint-applicant loan or a secured loan to increase your chances of approval and to avoid paying a lot of interest. Alternatively, you can apply for a no-credit-check, payday loan in Durban.

What you need to apply

General requirements state that you must be 18 years or older with a regular, monthly income. You must also provide the following documents:

  • Copies of your government-issued, South African ID;
  • Proof of income – bank statements and payslips; and
  • Proof of residence.

How to apply for a personal loan online in Durban

  • Browse our comparison tables and compare loans.
  • Visit your chosen lender’s website by clicking their “Go to Site” button.
  • Provide the required details in the online application form and upload documents.

Popular personal loans searches

View all lenders