Updated 07.11.2022

Direct Axis Loans

Direct Axis Loans

Direct Axis Loans are a Financial Services Provider accredited by the government. The company was founded in 1995 as part of the Direct Axis Group. They’re also part of the largest banking group in Africa – the FirstRand Group. As an entity that has been in existence for more than 20 years, their solid history makes them highly reputable in the field of providing financial services.

Their products include insurance policies, consolidation loans, funeral cover, medical assistance, and personal loans.

You can use the money you receive however you want. Direct Axis loans can be used to renovate your house, finance your business, or pay for your child’s education. Testimonials of how they helped their clients complete a home renovation, pay for the graduation of a mechanical engineer, and assist someone in starting a family can be seen on their website.

Direct Axis Loans

Getting Your Direct Axis Loan

You can get an overview of the rates involved in the amount you plan to loan on their official website. By using their personal loan calculator, you can determine the interest rates for repayment and the amount you need to pay monthly to fulfill the loan obligation. The monthly repayment is automatically computed as you adjust the slider for the amount and the buttons for the repayment period.

A minimum of R5 000 and a maximum of R150 000 can be borrowed through Direct Axis loans online. They offer a longer repayment period compared to other loan providers. You can choose from 2 years to 6 years to repay the borrowed amount, plus interest.

Direct Axis personal loan is an unsecured type of loan, meaning you don’t have to provide any collateral to get approved. All you need to do is comply with their requirements and submit the application form available online.

Expect the money to be deposited in your bank account within 48 hours after the approval of your application.

Approval of your application will be based on your capacity to repay your loan. DirectAxis won’t approve your application if they think it will just plunge you further into debt.

DirectAxis personal loans are covered by a Personal Protection Plan. This plan automatically settles your debt in case you pass away or suffer from a permanent disability. The plan also covers some cases of temporary disability and instances of retrenchment.

Interest & Fees

Since DirectAxis Personal Loan is an unsecured type of loan, expect the following rates to be imposed:

  • A minimum initiation fee of R600 and a maximum of R1 197, depending on the loaned amount
  • A fixed monthly service fee of R68.40
  • Fixed interest rate of 27.75% regardless of repayment period. The rate is based on your financial profile, meaning this can be higher or lower.

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

Repayment Schedule

Repayment terms vary from 2 years to 6 years.

DirectAxis will automatically debit the agreed repayment amount every month from your bank account. The first repayment is due 14 days after you receive the loaned money.


To avail DirectAxis loans, you have to satisfy the minimum requirement listed below:

  • Having a good credit record is a must
  • Your monthly income should amount to at least R5 000
  • You have to provide the details of your bank account where your salary is deposited

Upon submission of your Direct Axis loan application, you have to attach the following documents:

  • A copy of your government-issued ID proving you’re a South African citizen
  • Any document that confirms your residential address
  • Bank statements showing your monthly salary or a copy of your payslips for the last 3 months

Make sure you provide the clearest and up-to-date documents to avoid getting your application delayed or even denied.

Direct Axis Contact Details

Direct Axis has a dedicated customer support team to answer your queries. If you need to contact them for questions regarding your loan application, you can get through them using the following 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