Direct Choice Loans South Africa


What is Direct Choice?

Direct Choice is one of the most trusted lending companies in South Africa. They’ve been in the lending business since 1995.

They offer a handful of loan products and insurance options that will surely meet your financial needs. LoansDirect is the part of the DirectChoice network that handles all things about loans.

The goal of LoansDirect is to streamline the application process and make it easier for clients to request a loan. By providing a simple yet comprehensive application form online, they’re able to hasten the rate they review loan requests. They also won’t charge you for getting quotations on their services or products.

Personal loans from LoansDirect can be used to pay for education, credit card, home renovation, car down payment, or medical expenses. The purpose of where you’ll use the money is really up to you. As long as you can pay the debt in the agreed period, LoansDirect will approve your application.

Getting Your Loan

To apply for a LoansDirect personal loan, simply fill out the form available on their website. It’s a 4-step process that will only take you 5 minutes to complete.

Loansdirect offer loan amounts ranging from R2 000 to R150 000.

LoansDirect provides unsecured personal loans to individuals in South Africa. Unsecured loans don’t require any collateral for approval.

Since it’s a personal loan, businesses are barred from applying. Individuals are given priority while businesses should apply for a different type of loan.

Interest & Fees

Loans from LoansDirect are offered at fixed interest rates. The maximum rate they apply is 27.75%.

For example, you borrow R50 000 to be repaid in 5 years. With the interest rate at 27.75%, the total amount to be repaid amounts to R99 285. This includes the initiation and service fees charged on the product. For this amount of loan, the mosnthly instalment you need to pay will be R1 655.

Repayment Schedule

On average, customers often choose to repay debts over the course of 3 years. But it all depends on your capability to repay which period you’ll choose. It can be as short as 7 months to as long as 7 years.

To avoid delays in repayment, make sure you budget your monthly expenses. There should be enough balance on the bank account where your monthly salary is deposited. This should be enough to repay the debt.


You have to contact them to get the complete list of requirements. Prepare your ID, bank account history, recent payslips, and proof of residence as these documents are what lenders usually look for in applicants.

An outstanding credit record will surely help you get quicker approval for loan requests. Your rating reflects your capability to borrow and repay debts on time.

Contact Details

For queries and clarifications regarding your loan application, you can contact them through the following channels:

Phone: 0860 111 542 or 0860 111 510


You can also visit their office at the following address:

Office address: 108 de Waal Rd, Diep River, Cape Town, Western Cape, 7800

Their office is open Mondays to Fridays, 8:30 AM to 5:30 PM. They’re also open on Saturdays from 9:30 AM to 1:00 PM.