LoansDirect – which is part of the directchoice network of financial comparison websites – helps consumers with personal loans of up to R150 000. Similar to competitors LoanFinder and MoneyShop, LoansDirect processes your loan application and then reviews its list of approved lenders to identify the personal loan company that offers the best deal given your individual requirements.
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The service is totally FREE and saves you hours of wasted time applying to multiple credit providers, and in the long run, should save you money as you get to review multiple loan offers and hopefully achieve a better interest rate or more favourable terms than simply going direct in the first place!
Apply for a personal loan of up to R150 000
At LoansDirect you can apply for personal loans of up to R180 000, with repayment periods as long as 6 years. You don’t have to specify what you want to use the money for – LoansDirect allows you to use teh cash for any reasons! Some more conventional uses for personal loans approved through LoansDirect include home renovations, debt consolidtaion, car purchases or education related expenses….
LoansDirect process over 300 000 loan applications
When shoppig around for personal loan options, it’s important to verify a lenders cedibility and trustworthiness. As such, you will be pleased to know that LoansDirect is a subsidiary of directchoice, one of South Africa’s leading financial comparison companies. Directchoice processes over 300 000 aplications each year, which allows them to work with only the most trusted of brands and providers.
How much does a LoansDirect loan cost?
The good news is that using LoansDirect to help source your loan is a free, no obligation service and as such doesn’t cost you a cent! The ultimate cost of your loal will depend on which personal loan provider you go with as they each have their own criteria when assessing loan applications. The maximum interest rate charged on their loans is 27.75%, with payment terms between 7- 72 months.
Representative Example of a R50 000 loan over 60 months.
|Interest Rate||Loan Value||Term||APR||Total Amount||Total Amount Less Capital||Monthly Instalment|
|27.75%||R50 000||60mths||31.2%||R99 285||R49 285||R1 655|
How to apply for a personal loan with LoansDirect?
The application for a loan with LoansDirect couldn’t be easier! The whole process is done online and you only need your ID, mobile number and valid email account to set up your profile! You will then need to supply LoansDirect with your bank statement to confirm your last 3 month’s salary and indicate how much money and for how long you need the loan for.
This will then allow the LoansDirect consultant to review their list of accredited lenders and find the best option for you!
LoansDirect Contact Details
If you have any further questions or need to get in touch, please find the LoansDirect contact details below:
Phone: 0860 111 542
108 de Waal Rd
Diep River, Cape Town, 7800
directchoice is a division of DirectAxis SA (Pty) Ltd, Reg No. 1995/006077/07. An authorised Financial Services Provider and a subsidiary of FirstRand Bank Limited.