DirectAxis Personal Loan Review: Up to R350,000 with Fixed Repayments

Our review of the DirectAxis personal loan covers fixed rates, up to R350,000 available, flexible repayment terms, and a simple online application process for South Africans.

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DirectAxis Personal Loan

Borrow up to R350,000 with fixed interest rates for up to 72 months. Fast approval and no collateral required, making this loan flexible and accessible.




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DirectAxis offers personal loans ranging from R5,000 to R350,000 with repayment periods from 24 to 72 months. The maximum interest rate is 28% per annum (compounded monthly). These are unsecured loans, requiring no collateral and offering the benefit of fixed repayments, which means your monthly instalment won’t change during your loan term. Loan approval can happen quickly, and funds may arrive in your account within 48 hours.

How to Apply for a DirectAxis Personal Loan

  1. Make sure you earn at least R5,000 per month and have a good credit record.
  2. Gather your South African ID, proof of address, and up to three months’ bank statements or payslips.
  3. Apply via the online form or by phoning the DirectAxis call centre, open daily until 8pm.
  4. Upload your supporting documents through the online portal for a quick review process.
  5. Wait for feedback—approval decisions are generally made swiftly, and payments processed within two business days.

Key Advantages

One main advantage is the fixed interest rate. Your repayments won’t increase even if the national interest rates go up, making budgeting easier.

DirectAxis is an authorised and reputable financial institution, so customers benefit from robust consumer protection and more responsible lending.

Some Drawbacks

The maximum interest rate of 28% is on the higher end, particularly for those with less favourable credit profiles.

There’s also a one-off initiation fee and a monthly administration fee, so check your total repayment cost before committing.

Our Verdict

DirectAxis personal loans are a strong choice if you value accessibility, fast approval, and fixed repayments. Ideal for South Africans seeking a flexible, no-collateral solution for finance needs.

Check fees and your own risk profile before you apply, but overall this product is competitive and user-friendly for most borrowers.

Recommended for you

DirectAxis Personal Loan

Borrow up to R350,000 with fixed interest rates for up to 72 months. Fast approval and no collateral required, making this loan flexible and accessible.




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