PERSONAL LOANS - SOUTH AFRICA:​

​​

SA PERSONAL LOANS FOR ALL PURPOSES & REASONS:​

Why apply for a personal loan with LoanGIANT?

• It is secure and straightforward to complete your loan application online.

• Your repayments are fixed at our current interest rate for the full term of your loan. They never go up – no matter how much interest rates do.

• Repayments are over a term from 24 months up to 6 years.

• Feedback is given quickly and your money could be in your bank account within 48 hours.

​

How to apply for a loan?

Apply via our online application form by clicking here.

Call the LoanGIANT Loan Call Center at: +27 078 734 8045 5am - 7pm / 7 Days a week.

​

What will you need to apply for a loan?

• A good credit record

• A regular monthly income of at least R5 000

• The details of your bank account into which your salary is paid

​

What documents do you need when you apply for a loan?

• A clear copy of your South African ID

• A recent document confirming your residential address

• Up to 3 months’ recent bank-generated PDF statements or payslips as proof of income

We’ve made applying for personal loans online quick and streamlined. It is also easy for you to upload any documents via our online application.

​

What can I use my personal loan for?

A LoanGIANT personal loan is paid directly into your bank account and the money can be used for any needs you may have. Whether you’re looking to do home renovations, upgrade your electronics or take a break overseas, a personal loan offers a flexible solution.

​

What do you get with a LoanGIANT Personal Loan?

When you take out a loan with LoanGIANT you’ll deal with an authorised Financial Services Provider, with many years of financial services experience in South Africa. We support responsible lending, so if your application is approved, you’ll only be approved for an amount that you can afford comfortably. We’ll do our utmost to give you the best offer that we possibly can.

​

Because LoanGIANT Personal Loans are unsecured this means that we won’t ask you to use your car, home or any other asset as collateral. To apply for a loan is quick and you can also use your loan for anything you want.

​

For your security and peace of mind, all our loans are subject to the National Credit Act of 2005. Keep in mind, we consider all loan applications and every application is subject to credit approval.

Your loan will include a Personal Protection Plan, which settles your outstanding balance in the event of your death or permanent disability. This plan also offers some cover for temporary disability and retrenchment – and the level of your cover will be based on your risk profile. You can substitute the Personal Protection Plan with a policy of your choice, provided the cover offered is equivalent.

​

Loan repayment terms range from a minimum of 24 to a maximum of 72 months. The maximum interest rate with regards to a LoanGIANT Personal Loan is 27.25% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile. An illustrative example of a R50 000 loan at an interest rate of 27.25% per annum plus a once-off initiation fee of R1 207.50 (added to the loan amount in this example) and a monthly admin fee of R69.00, over 72 months would have a total cost of R 116 623.20.