Discovery Bank – loan application
Contact
Company
Discovery Bank Limited
Address
1 Discovery Place, Sandton, Johannesburg, 2196
Discovery Bank – repayment table
Estimated monthly repayments at 14.50% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 12 months | 18 months | 24 months |
|---|---|---|---|
| R100,000 | R22,833 | R20,056 | R18,667 |
| R200,000 | R45,667 | R40,111 | R37,333 |
| R300,000 | R68,500 | R60,167 | R56,000 |
Representative example
Loan amount
R177,500
Repayment term
12 months
Monthly interest
14.50%
Monthly repayment
R40,529
Total interest costs
R308,850
Total amount payable
R486,350
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
R5K – R350K
Term
12 – 84 months
Interest from
14.50%
Approval
24 hours
Age
18+ years
Online application
Yes
Requirements
- ✓ 18+ years old
- ✓ South African ID
- ✓ Discovery Bank transactional account
- ✓ Three months bank statements
- ✓ Latest payslip
Loan features
- Loans from R5,000 to R350,000
- Term 12 to 84 months
- Vitality Money rate discounts
- App-based application
Ready to apply?
Go to official Discovery Bank website ad