- A good credit record
- A regular monthly income of at least R5 000
- Your last 3 months’ payslips or bank statements
- Clear credit references
- A clear copy of your ID document
- Details of your bank account into which your salary is paid
- A recent document confirming your residential address
A Personal Loan that’s there for you
A large part of our personal touch is ensuring that we’re there for you in a variety of situations, including times when a little financial help will go a long way. Over the past 27 years we’ve seen first-hand how significant this kind of assistance can be, and that’s why we offer you an auto & general Personal Loan* of up to R150 000.
You may choose any amount, from R5 000 up to R150 000, as well as the repayment term, from 12 months up to 5 years, depending on how you’ve structured your budget.
Your best interests are always at the heart of what we at auto & general offer. For this reason the interest rate will be fixed for the entire loan term so that fluctuations are not a cause for concern. For your financial wellbeing, auto & general Personal Loans* are compliant with the National Credit Act and your loan will never be approved for more than what you can comfortably afford to repay, and your final loan amount will be subject to credit approval.
Loan repayment terms range from 12 to 60 months. The maximum interest rate with regards to a auto & general Personal Loans* is 28% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile. An illustrative example of a loan at an interest rate of 28% per annum would be: Loan amount R50,000.00 plus a once-off initiation fee of R1,197.00 and a monthly admin fee of R68.40, over 60 months. The total cost of the loan will be R99,747.64 which is an Annual Percentage Rate (APR) of 31.45%.
Have a few questions about Personal Loans? Click here to read our FAQ's
Apply for a Personal Loan
A Personal Loan through us will give your finances the cash injection you may need. Getting a Personal Loan is easy because the process can be started online or over the phone with no face-to-face interviews and no unnecessary paperwork.
Personal loans are administered and managed by Direct Axis, an authorised financial services provider.
*Please note that the above calculator is for illustration purposes only. Based on a R 68.40 Monthly Service Fee and a maximum annual percentage rate of 28%.