Personal Loans
Explore personal loans from R1 000 to R500 000, repayable over 6 to 72 months. Compare fixed monthly instalments from NCR-registered lenders and decide whether an offer suits your budget.
A clearer way to compare personal loans with Finvo
Lower interest rate
Find a better rate by comparing offers from several lenders at once.
Fast process
Apply in 2 minutes and get answers from lenders – often within minutes.
100% free
No fees and no hidden costs. Comparing loans with us is completely free.
No obligation
You're never obliged to accept any of the offers you receive.
What is a personal loan?
A personal loan is an unsecured loan: you borrow a fixed amount and pay it back in monthly instalments over an agreed term. You don't need to put up your house or car as security, and you decide what the money is used for.
Most personal loans in South Africa have a fixed monthly instalment, which makes budgeting easy. Your interest rate depends on your credit profile and is capped by the National Credit Act – currently at 28.25% per year for unsecured loans. Lenders may also charge a once-off initiation fee and a monthly service fee, which are capped by law too.
With Finvo you get a quick overview of offers from more than 20 NCR-registered lenders – so you can choose the loan that suits you best.
What can you use a personal loan for?
Consolidate debt
Pay off expensive store cards, credit cards and loans with one new loan and one monthly instalment.
Home improvements
Finance a new kitchen or bathroom, solar panels and backup power, or other renovations.
Unexpected expenses
Cover medical bills, car repairs or other emergencies without draining your savings.
What you need to apply
- You are 18 years or older with a valid South African ID
- You have a regular monthly income
- You have a South African bank account
- Your latest 3 months' payslips or bank statements
- Proof of residence not older than 3 months