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Personal Loans

Best personal loans in South Africa

Compare personal loans from Capitec, African Bank, FNB, Nedbank and Absa — interest rates, loan terms, initiation fees and approval speed.

Written by

MoneyWise Editorial Team

SA Personal Finance Desk

Fact-checked

Faatimah Hendricks, CFP®

Independent reviewer

Last updated

3 August 2026

4 personal loans providers

Methodology

How we review

50+ data points scored

DisclosureSome providers below are paid partners. Rankings reflect editor scoring — see how we review.

What matters most

What to look for in a personal loans provider

  • 1Editor score across price, cover and customer service.
  • 2Independent customer-satisfaction data (SAcsi, Ombudsman).
  • 3Transparent fees and no lock-in clauses.
  • 4Match to your situation — best-for tags reflect real use cases.

Editor's awards

Best personal loans for…

Our analysts ranked every option on price, cover, claims experience and rewards. These won their categories.

Best overall

Capitec Personal Loan

4.6

Why it winsHighest editor score (4.6/5) across cover, value and service.

Best for peace of mind

African Bank Personal Loan

4.3

Why it winsTrusted SA name with strong claims handling and consolidation focus.

Live payment estimator

What will my personal loan cost each month?

Move the sliders. Your estimated monthly payment updates instantly.

R 75 000
R 5 000R 350 000
36 months
12 months84 months
21.50%
14%27.5%

Estimated monthly payment

R 2 845

per month over 36 months

Total interest
R 27 417
Total repayment
R 102 417
See your matched lenders →

Soft check — won't affect your credit score

Estimate only. Real rates depend on your credit score, income and the lender's risk model.

  • Editor's pick

    Capitec Personal Loan

    Up to R500 000

    4.6
    Overall
    From 12.9% p.a.

  • African Bank Personal Loan

    Up to R350 000

    4.3
    Consolidation
    From 15.0% p.a.

  • FNB Personal Loan

    Pre-approved offers in the app

    4.2
    Existing customers
    From 13.5% p.a.

  • Nedbank Personal Loan

    Terms to 72 months

    4.0
    Longer terms
    From 14.25% p.a.
Ready to compare personal loans?

Spec sheet

Side-by-side comparison

Compare the exact personal loans features that matter — prices, cover, rewards and more — column by column.

C
Capitec Personal Loan
Overall
4.6
APR from
18.0%
Loan amount
R5k – R218k
Term
12 – 60 months
Payout time
Same day
Soft credit check
Included
Free early settlement
No
Initiation fee
R1052
A
African Bank Personal Loan
Consolidation
4.3
APR from
18.7%
Loan amount
R5k – R203k
Term
6 – 72 months
Payout time
Same day
Soft credit check
Included
Free early settlement
Included
Initiation fee
R1147
F
FNB Personal Loan
Existing customers
4.2
APR from
24.9%
Loan amount
R5k – R207k
Term
6 – 72 months
Payout time
1 – 3 days
Soft credit check
Included
Free early settlement
Included
Initiation fee
R1117
N
Nedbank Personal Loan
Longer terms
4.0
APR from
23.0%
Loan amount
R5k – R244k
Term
3 – 72 months
Payout time
1 – 3 days
Soft credit check
Included
Free early settlement
Included
Initiation fee
R1094

Spec values are indicative and standardised for comparison. Confirm details with each provider before applying. See our methodology.

Information is indicative. Always confirm directly with the provider and read the policy schedule before purchase. MoneyWise may earn a commission when you click through.

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