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Mashonisa Loans

mashonisa loans online

Need a Loan? Be Wise – Compare Loan Offers

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We will never charge fees

Minimal paperwork may be required by the lender

We compare offers from over 20 credit providers

Same-day lender response may be available

Representative example: Mashonisa is an online loan comparison tool and not a credit provider. We only work with NCR-registered credit providers in South Africa. Our comparison service to consumers is free of charge. Estimated repayments on a loan of R30 000 over 36 months at a maximum annual interest rate of 28% would be R1 360 per month including an initiation fee and monthly service fees. Interest rates charged by credit providers may, however, start as low as 11%. Repayment terms can range from 6 to 72 months. All loans are subject to lender approval, affordability checks, and the lender’s final terms.

about us

mashonisa

South Africa has many loan providers, and each has its own requirements for applicants. You might qualify with one lender and be declined by another, so comparing your options helps.

Since 2010, Mashonisa.co.za has helped South Africans compare loan offers through one simple online application. We’re a comparison service, not a lender. We share your application with participating lenders whose criteria may suit your profile. Lenders may ask for some supporting documents, and every approval is subject to that lender’s own credit checks and affordability assessment.

More than 100 000 South Africans have used Mashonisa.co.za to compare their loan options.

step 1

Simple loan application process

step 2

Choose your loan options

step 3

Approval is subject to lender affordability checks

A representative example

A representative example: estimated repayments on a loan of R30 000 over 36 months at a maximum annual interest rate of 28% would be R1 360 per month, including an initiation fee and monthly service fees. All loans are subject to lender approval, affordability checks, and the lender’s final terms.

Repayment terms can range from 6 to 72 months. The maximum annual interest rate is 28%. Interest rates charged by credit providers may, however, start as low as 11%.

Mashonisa is an online loan comparison tool and not a credit provider. We only work with NCR-registered credit providers in South Africa. Our comparison service to consumers is free of charge. Loan offers and approval are subject to lender criteria, affordability checks, and final credit assessment. The interest rate that is given is determined by the credit score of the applicants as well as other variables at the lenders’ discretion.

benefits of mashonisa loans

Simple online application with minimal paperwork. Approval is subject to lender affordability checks.

  • Need a quick loan of up to R250 000?
  • We Mashonisa immediately guide your single application.
  • Get a couple of loan offers, Select your best offer.
  • We are aligned with over 20 credit providers in South Africa.
  • Your information is kept safe.
  • You can apply for a loan on top of your loan.

what is a personal loan – more details

A personal loan can help you cover an unexpected expense or a planned purchase. Life doesn’t always go to plan, and many people need to borrow money at some point.

The amount you want to borrow will shape the rates and terms available to you. Short-term loans usually have higher interest rates. Longer terms are typically offered for larger amounts and let you spread the cost over fixed monthly instalments you can budget for. Longer-term loans often come with a lower interest rate, but you may pay more interest in total over the life of the loan.

Loan terms – Some people prefer a smaller loan they can repay within a few months. In South Africa, short-term loans are repaid within six months, while many lenders offer personal loans over longer periods. Whichever you choose, make sure you understand the interest rate, fees and total cost of the loan. Under the National Credit Act, lenders must give you a pre-agreement statement and quotation setting out these costs before you sign.

With a fixed-rate loan, the interest rate stays the same for the full term, so your monthly instalment won’t change. This makes budgeting easier, although it also means you won’t benefit if interest rates drop. With a variable-rate loan, your instalment can go up or down as interest rates change.

Mashonisa compares loans from several lenders. Complete one simple application and we’ll share it with participating lenders, who may contact you with offers that suit your needs.

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