Direct Axis Loans – A reputable and well-established credit service is often the safest place to deal with a loan. Direct Axis is one of the largest financial services providers offering inexpensive Personal Loans.
The business was founded in 1995 and has provided many South Africans with credit solutions.
Services Direct Axis now offers includes personal lending, funeral protection and DirectAxis Pulse – a secure and free financial wellbeing tool for which helps you with managing your finances much better.
Direct Axis Loans are provided from R5 000 up to R200 000 and come with a flexible repayment term of up to 72 months.
The payment period varies based on how much you borrow and your affordability.
In life there are several reasons for one to take a personal loan. Maybe you want to fly to different parts of the country, you want to pursue your educational aspirations or even to prepare your dream marriage that you have always dreamt of, we hope you can take advantage of the many opportunities at DirectAxis.
Why choose Direct Axis Loans?
Direct Axis Loans can be easily accessed from their website. You will easily complete an online request for the amount of the loan you need.
This avoids long lines or needless face-to-face interviews while applying for a loan which has been traditionally the norm.
If you need any help with your loan application or any other loan related enquiries, you will be able to contact their advisors, who are available 7 days a week from 8 a.m. in the morning to 8 p.m. in the evening.
Direct Axis Loans also have a short payout time. If the loan amount has been authorized, it is deposited directly into your bank account and you are free to use it on whatever you want. So, if it’s tuition fees, going on a break or hospital expenses, it’s up to you.
Types of Direct Axis Loans available
Direct Axis offers two types of credit solutions namely Personal Loans and Consolidation Loans. Below are some of the reviews of each loan package.
Direct Axis Personal Loans
Direct Axis Personal Loans are handy financial options that will support you with any step of your life, if you want some funds to continue your academic studies, purchase your dream car or even launch a new business venture, their loans can meet any needs you might have.
Direct Axis provides personal loans of up to R200 000 with a flexible maturity period of up to 72 months.
Your personal credit score will decide how much interest you will be charged, which means that if you have a decent credit score, your interest is likely to be much lower.
Direct Axis Consolidation Loans
These consolidation loans give people dealing with various debts a simple way out by providing them with one single loan that settles all their other smaller loans and leaves them with one affordable single fixed monthly payment.
Consolidation loans offer a variety of perks, including the payment of a single fixed monthly installment, along with a Personal Protection Plan to settle any unpaid loan balances that you may still have in the event of permanent injury, serious illness and death.
Annual Percentage Rate (Interest Rates and Associated Fees)
Loan maturity periods vary from 24 months to 72 months. The highest interest rate on a DirectAxis Personal Loan is 24.50 per cent per year (compounded monthly).
Your rate and start-up fee will be calculated in accordance with your personal risk profile.
An example of an interest rate loan of 24.50 a cent per year will be: a loan balance of R50 000 plus a one-off start-up fee of R1 207.50 and a monthly admin fee of R69.00 over a period of 72 months.
The overall amount of the loan is R 103 155.57, which is the maximum annual percentage rate (APR) of 27.76 per cent.
View their loan calculator here to see how much you can borrow what to expect on your monthly repayments.
Direct Axis Loans Requirements
To apply for Direct Axis Loans, you must be a South African resident with a valid ID and also above 18 years of age.
You ought to have a permanent job with a salary of at least R5 000 per month. Please include your account statements as well as clear credit references.
Direct Axis Loans Contact Details
For more information about how to apply for Direct Axis Loans, feel free to contact their consultants at www.directaxis.co.za or call 0861 02 03 04.