Personal Loan

Personal Loans

Everybody experiences a time when a little extra money would go a long way, whether it’s to help you create a new home or pay for unexpected medical costs! This is exactly why Budget has made sure that you can get a Budget Personal Loan* of up to R150 000. 

Don’t worry, though, Budget Personal Loans are compliant with the National Credit Act, which means your loan will be subjected to credit approval and you’ll never be approved for a loan that’s greater than what you can repay. 

Please leave your name and number below and a friendly Budget consultant will get back to you as soon as possible.

Apply for a Personal Loan

A Personal Loan through us will give your finances the cash injection you may need. Getting a Personal Loan is easy because the process can be started online or over the phone with no face-to-face interviews and no unnecessary paperwork.

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Start my application

With a Budget Personal Loan you’ll enjoy:

  • A choice of R5 000 up to R150 000
  • A choice of repayment terms that suit you – from 12 months up to 5 years
  • Fast processing
  • Transparent costs
  • Competitive interest rates
  • Fixed repayments that won’t go up even if interest rates do
  • No face-to-face interviews
  • No unnecessary paperwork
  • No collateral required


What you need to apply:

  • A good credit record
  • A regular monthly income of at least R5 000
  • Your last 3 months’ payslips or bank statements
  • A clear copy of your ID document
  • Details of your bank account into which your salary is paid
  • A recent document confirming your residential address


Loan repayment terms range from 12 to 60 months. The maximum interest rate with regards to a Budget Personal Loan* is 27.50% 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 27.50% per annum would be: Loan amount R50,000.00 plus a once-off initiation fee of R1,207.50 and a monthly admin fee of R69.00, over 60 months. The total cost of the loan will be R98,878.61 which is an Annual Percentage Rate (APR) of 30.98%.


Have a few questions? Click here to read our FAQ's


*Budget Personal Loans are provided and administered by Direct Axis SA (Pty) Ltd, an authorised Financial Services Provider.

Loan Calculator

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Monthly repayment

*Please note that the above calculator is for illustration purposes only. Based on a R 69 Monthly Service Fee and a maximum annual percentage rate of 27.50%.