Freedom Loans – online loan South Africa
Online loans up to R150.000
Amount
R1K – R150K
Interest from
20.00%
Term
1 – 60 months
Approval
24 hours
⚠️
Freedom Loans no longer appears to be operating in South Africa. The website does not respond and we recommend comparing alternative NCR-registered lenders below.
Screenshot of https://freedomloans.co.za/
How to apply for Freedom Loans loan
- Complete short online application form
- Get a decision
- Cash paid into your account today
Quick overview
- Amount, R1.000 - R150.000
- Term, 1 - 60 months
- Age: 18 + years
Loan example
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| R1.000 | R1.160 | R2.160 | 12 months |
| R5.000 | R7.552 | R12.522 | 24 months |
| R30.000 | R39.720 | R69.720 | 60 months |
Loan example
*Representative example: 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.
Loan requirements
- ✓ You must be permanently employed
- ✓ You must earn over R5,000 per month
- ✓ You must be aged over 18 years
Loan features
- Online loans up to R150.000
- Term 1 - 60 months
- Fast application, instant approval.
Frequently asked questions
24 hours after submitting your application.
The minimum amount at Freedom Loans is R1,000.