Directaxis Loans is a South African credit provider whose chief ole is to provide credit to South African permanent residents. The company has loan repayment terms ranging from 24 to 72 months.
Its Personal Loan maximum interest rate is 28% per annum (compounded monthly). After you have submitted your application, the company goes through your profile to see if your rate and initiation fee meets your personal risk profile.
Here is a good example. A loan with 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 72 months. The total cost of the loan will be R111 111.96 which is an Annual Percentage Rate (APR) of 31.20%.
You might ask yourself what I get with a DirectAxis Personal Loan. It’s simple! When you take out a loan with DirectAxis, you’ll deal with an authorised Financial Services Provider, with many years of experience in the financial services industry. The company is all about reducing your peril. So, you’ll only be sanctioned for a personal loan that you can comfortably afford.
The company’s priority is to give its clients the best offer they possibly can. All DirectAxis Personal Loans are unsecured loans which simply means that we won’t ask you to use your car or home, or any other asset as surety. To further guarantee your security and peace of mind, all their loans are subject to the National Credit Act No. 34 of 2005, to safeguard responsible lending. Directaxis consider all loan application. Every application is subject to credit approval.
Clients are at liberty to choose how they want out of a Personal Loan from as little as R5000 up to R150 000 (in increments of R1 000). The loans they offer can be repaid over a term of between 2 to 6 years. When approved, your money could be in your bank account within 48 hours.
Here is what you are required to apply.
• A good credit record
• A regular monthly income of at least R5 000
• Your last 3 months’ payslips or bank statements
• 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