About DirectAxis
DirectAxis is a subsidiary of FirstRand Group (the same group behind FNB) and specialises in personal and consolidation loans. They are particularly strong in debt consolidation, helping borrowers combine multiple debts into a single, more manageable monthly payment. DirectAxis operates primarily online and via call centres, making the process convenient.
Loan Details
- Loan amounts: R5,000 – R300,000
- Loan terms: 24 to 72 months
- Interest rate: 24.5% – 28.25% per annum
- Payout time: Within 24 hours
- NCR registration: NCRCP27
Requirements
- South African citizen or permanent resident
- At least 18 years old
- Minimum monthly income of R5,000
- Valid SA ID and proof of income
- Active bank account
Pros and Cons
Pros
- Debt consolidation experts — combine all debts into one payment
- Part of FirstRand Group — trusted and regulated
- Fully online application process
- High loan amounts up to R300,000
Cons
- Higher interest rates compared to banks
- Minimum loan of R5,000
- Income requirement of R5,000/month
