Important disclosure

Personal Loans in Johannesburg

Are you a Jozi resident looking for some affordable personal loan options near you? Whether it’s for debt consolidation, a holiday, or wedding, find out how to get your needs addressed with a personal loan in Johannesburg, today.

Simply input your desired loan amount and repayment period to see your likely monthly repayments.

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.

Johannesburg Skyline

Personal loans in Johannesburg – South Africa

You can easily find personal loans in Johannesburg with CompareLoans with our comparison table above. We also have detailed information on various South African personal loan lenders. All these options are showcased in one place, which makes your search faster and easier.

Personal loan for Johannesburg locals – How do they work?

  • How much can you borrow? – Borrowing limits are from R2000 to R300 000.
  • How long do you keep the loan? – Loan terms typically start from 12 months up to 72 months.
  • What is the interest rate? – This depends on your credit score. Having good or excellent credit means you can apply for loans with competitive rates.
  • What are your monthly repayments? – You can find out by using our personal loan calculator. Use the sliders to enter your loan amount and term, then click calculate.
  • What are the fees? – Most lenders charge initiation fees and ongoing monthly service fees. Click the “View fees and additional info” link in the comparison tables above to find out the exact amounts charged by a particular lender.
  • When do you get the cash loan? – After approval, receiving the cash in your bank account takes anywhere from 24 hours to 1 week, depending on the lender.
  • How do you use the money? – You can spend the money on an engagement ring, education, investment or to buy equipment, a jet ski or for any other preferred use.

Types of personal loans offered in Jo’burg

  • Secured vs. unsecured. Secured personal loans are guaranteed by your asset (typically your car or home). That means the lender has a legal right to the asset if you fail to make repayments. Unsecured personal loans have no collateral requirements, but they might have higher interest rates.
  • Fixed interest rate vs. Variable interest rate. Your interest rate will fluctuate if it’s variable. On the other hand, a fixed rate stays the same as you pay back the loan.
  • Student loans. You can get a lump sum which specifically covers the cost of tertiary education.

What are the general requirements when you apply for a  personal loan in Johannesburg?

  • Be 18 years or older;
  • South African citizenship or permanent residency;
  • Proof of income (bank statements and payslips);
  • Proof of residence; and
  • A good credit score.

Can you find blacklisted personal loans in Johannesburg?

Yes. Loans for blacklisted people are available. You can also apply for payday loans in Johannesburg if you’re blacklisted or have bad credit.

How to apply online for a personal loan in Johannesburg

  • Compare loans showcased in our comparison tables above.
  • Click the “Go to Site” button for your favoured lender.
  • Fill out the personal loan application form on the lender’s website and submit the required documents.

 Popular personal loans searches

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