Budget Insurance – online loan South Africa
Online loans up to R250.000
Applying does not commit you to a loan agreement.
Screenshot of https://www.budgetinsurance.co.za
How to apply for Budget Insurance loan
- Select Your loan amount
- Complete a quick form
- Wait for application
Quick overview
- Amount, R1.000 - R250.000
- Term, 12 - 60 months
Loan example
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| R1.000 | R1.628 | R2.628 | 18 months |
| R30.000 | R12.012 | R42.012 | 18 months |
| R40.000 | R19.928 | R59.928 | 24 months |
Loan example
Loan repayment terms range from 12 months to 60 months. The maximum interest rate with regards to Budget Personal Loan* is 27.75% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile. An illustrative example of a loan at an interest rate of 27.75% would be: Loan amount of R7,500 borrowed for 24 months. Annual Interest Rate: 27.75%. Initiation fee (charged upfront): R936. Monthly service fee: R69 Total Amount payable: R13 338.Monthly instalment amount: R556. Please note our interest rate will never exceed the maximum as prescribed by the NCA of 27.75%. Fees subject to change based on risk profile.
Video review
Loan requirements
- ✓ Be 18 years or older
- ✓ Have a valid SA ID or Drivers License
- ✓ Have a bank account
- ✓ Be employed and earn R2 000 or more per month
- ✓ You will be required to provide proof of income documentation
Loan features
- Online loans up to R250.000
- Term 12 - 60 months
- Cash in your account within 24 hours
Frequently asked questions
24 hours after submitting your application.
The minimum amount at Budget Insurance is R1,000.