DirectAxis is an authorised Financial Services Provider with many years in the financial services industry, and offers two personal loan options – a DirectAxis Personal Loan or a Direct Plus Loan for a maximum of R150 000.
The DirectAxis Personal Loan of up to R100 000 is an unsecured loan that you can pay back over a repayment term of between 2 to 6 years. You can choose any loan amount from R4 000 up to R100 000 – but ultimately your final loan amount will be based on your personal financial profile. You will need to have a monthly regular income of at least R 3 000/month.
The main difference of the Direct Plus Loan is that it is secured against your home – meaning that DirectAxis has a claim against this asset should you default on your loan. However, the maximum loan amount is also higher at up R150 000 with fixed interest rates and you can repay over a period of between 4 – 10 years. To apply for this loan, DirectAxis require a minimum monthly salary of R 11 000/month.
DirectAxis personal loan repayments are fixed at current interest rates, so they will not change for the duration of your loan even if the interest rates do go up.
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