Direct Axis – Requirements to get a loan

Direct Axis non-public mortgage is an unsecured kind of mortgage, which means you don’t ought to offer any collateral to get approved.



Direct Axis is a Financial Services Provider authorised through the government. The enterprise turned into based in 1995 as a part of the Direct Axis Group. They’re additionally a part of the biggest banking organization in Africa – the FirstRand Group. As an entity that has been in lifestyles for extra than 20 years, their stable records makes them exceedingly legit withinside the discipline of offering monetary services.

Their merchandise encompass coverage policies, consolidation loans, funeral cover, scientific assistance, and private loans.


You can use the cash you obtain but you want. Direct Axis loans may be used to renovate your house, finance your business, or pay in your child’s education. Testimonials of ways they helped their customers whole a domestic renovation, pay for the commencement of a mechanical engineer, and help a person in beginning a own circle of relatives may be visible on their website.


Getting Your Direct Axis Loan

You can get a top level view of the prices worried in the quantity you propose to mortgage on their authentic website. By the use of their non-public mortgage calculator, you may decide the hobby prices for compensation and the quantity you want to pay month-to-month to meet the mortgage obligation. The month-to-month compensation is mechanically computed as you modify the slider for the quantity and the buttons for the compensation duration.


A minimal of R5 000 and a most of R150 000 may be borrowed via Direct Axis loans online. They provide an extended compensation duration as compared to different mortgage providers. You can select from 2 years to six years to pay off the borrowed quantity, plus hobby.

Direct Axis non-public mortgage is an unsecured kind of mortgage, which means you don’t ought to offer any collateral to get approved. All you want to do is follow their necessities and post the software shape to be had online.



Expect the cash to be deposited to your financial institution account inside forty eight hours after the approval of your software.

Approval of your software could be primarily based totally in your potential to pay off your mortgage. DirectAxis won’t approve your software in the event that they suppose it’s going to simply plunge you similarly into debt.


DirectAxis non-public loans are protected through a Personal Protection Plan. This plan mechanically settles your debt if you byskip away or be afflicted by a everlasting incapacity. The plan additionally covers a few instances of brief incapacity and times of retrenchment.

Interest & Fees

Since DirectAxis Personal Loan is an unsecured kind of mortgage, count on the subsequent prices to be imposed:


  • A minimal initiation charge of R600 and a most of R1 197, relying at the loaned quantity
  • A constant month-to-month carrier charge of R68.40
  • Fixed hobby charge of 27.75% no matter compensation duration. The charge is primarily based totally in your monetary profile, which means this will be better or lower.

These prices are compliant with the National Credit Act of 2005.

Repayment Schedule

Repayment phrases range from 2 years to six years.

DirectAxis will mechanically debit the agreed compensation quantity each month out of your financial institution account. The first compensation is due 14 days when you obtain the loaned cash.


To avail DirectAxis loans, you need to fulfill the minimal requirement indexed below:

  • Having a terrific credit score file is a must
  • Your month-to-month earnings must quantity to at the least R5 000
  • You ought to offer the info of your financial institution account in which your earnings is deposited

Upon submission of your Direct Axis mortgage software, you need to connect the subsequent files:

  • A replica of your government-issued ID proving you’re a South African citizen
  • Any file that confirms your residential address
  • Bank statements displaying your month-to-month earnings or a replica of your payslips for the remaining three month.

Make positive you offer the clearest and updated files to keep away from getting your software behind schedule or maybe denied.

Contact Details

Direct Axis has a committed customer service group to reply your queries. If you want to touch them for questions concerning your mortgage software, you may get via them the use of the subsequent channels:

Phone: 0861 02 03 04

Office Location: 108 De Waal Rd, Southfield, Diep River, 7800

Office Hours: 8:00 AM to 8:00 PM, Monday to Sunday