How to Apply for a Personal Loan (with pictures)


We’re here to guide you step-by-step through the loan application process.

There are times when you need to pay for a large expense but don’t have the money in your savings. A personal loan can help you deal with anything, from repairing your car to financing your wedding, and our page will help guide you through the process of applying for a personal loan.

Every financial institution has different criteria for their loan applications dependent on the type of loan. There are, however, common elements. Generally, when you apply for a loan you must:

  • Be 18 years or older
  • Have a valid South African ID
  • Hold a bank account
  • Provide proof of residence
  • Present 3 – 6 months recent salary slips or bank statements
  • Provide proof of income

It is your responsibility to find out each financial institutions features and benefits and to compare them respectively. Numerous options are available, so choose the option that best suits you and your needs. 

Before you start on the loan process, confirm what type of loan you need. Personal loans are generally unsecured, meaning they use your credit as a gauge rather than an asset like your house or car. If you need a larger loan or need an open source of credit, you may want to consider other financing options.

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