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InstitutionAbsaCapitecFNBFNB/WesbankNedbankNedbankRCS Personal FinanceStandard Bank
Loan Product NamePersonal Loan/Express LoanPersonal

Loan

Personal LoanPersonal Loan (CashPower)Personal Loan (incorporating Premier Loan)Secured Personal LoanCash LoanPersonal Loan
Minimum Earning Criteria (monthly)Personal Loan: – Earn more than R2 000 per month Express Loan:- earn minimum of R1 500Depends

on

various

criteria

Personal Loan – R8 350 for loan of R15 000R4,500R 1,500R 1,500R 2,000R1,000 – R6,000
Age Criteria (years)1818181821212118 – 65
Loan Amount (range)Personal Loan:- R3 000 – R150 000 Express Loan: R1 500 and R8 000R1 000

to

R230 000

R2 000 – R15 000 (For a loan of R15 000, earnings must not be less than R8 350 per month)Minimum R5 000 and maximum R100 000R1 000 – R120 000Dependant on security offeredR1 000 – R100 000R1000 – R40 000
Loans under R25 000 fixed monthly payments and up to 60 months to pay
Loans over R25 000 variable monthly payments, linked to the prime interest rate, and up to 84 months to pay
Loans over R30 000 over 60 months to pay
Term offered (months)Personal Loan:- 12 to 84 months (Loans over R30 000 over 60 months to pay) ; Express Loan: – 1,3 or 6 months2 to 84

months

6 to 60 months24 to 60 months24, 36, 48 or 60 monthsNeg12, 24, 36 or 603 – 42
Interest rateOn application17.10 % to

31.00%

On applicationVary between 22% and 31% depending on individualOn applicationOn applicationFixed interest rate of 31.00%.On application

Updated 30 October 2012

Last updated by at .

Bank Loans located at 2nd Road, Kew , Joohannesburg, Gauteng, ZA . Reviewed by 541 customers rated: 6.6 / 10