FAQ - Personal loans

Every 1Life Personal Loan includes our Personal Protection Plan, which settles your outstanding loan balance in the event of your death, permanent disability or certain dread diseases. It also provides limited cover in the event of temporary disability and should you be retrenched, a once-off payment equal to six instalments will be paid out to you. Of course, you're free to substitute the plan with a policy of your choice, providing the cover offered is equivalent.

No. The interest rate on your loan will be fixed at our current interest rate for your full loan term, so your repayments will never increase, even if the interest rate goes up.

For your convenience, your repayments will be deducted by debit order from the bank account into which your salary is paid every month.

Repayment terms for a 1Life Personal Loan are from 12 months to 5 years (60 months) and based on the Loan Options table below:

Loan Amount + Initiation fee
R5 000 + R644
12 Months R612
Total Repayable R7 349

24 Months R377
Total Repayable R9 059

36 Months R301
Total Repayable R10 839

48 Months R264
Total Repayable R12 686

60 Months R243
Total Repayable R14 597

Repayment terms for a 1Life Personal Loan are from 12 months to 5 years (60 months) and based on the Loan Options table below:

Loan Amount + Initiation fee
R20 000 + R1 197
12 Months R2 111
Total Repayable R25 337

24 Months R1 229 
Total Repayable R29 500

36 Months R942
Total Repayable R33 924

48 Months R804
Total Repayable R38 598

60 Months R725
Total Repayable R43 512

Repayment terms for a 1Life Personal Loan are from 12 months to 5 years (60 months) and based on the Loan Options table below:

Loan Amount + Initiation fee
R40 000 + R1 197
12 Months R4 039
Total Repayable R48 469

24 Months R2 324
Total Repayable R55 786

36 Months R1 767 
Total Repayable R63 608

48 Months R1 498
Total Repayable R71 919

60 Months R1 345
Total Repayable R80 694

Repayment terms for a 1Life Personal Loan are from 12 months to 5 years (60 months) and based on the Loan Options table below:

Loan Amount + Initiation fee
R60 000 + R1 197
12 Months R5 967
Total Repayable R71 602

24 Months R3 420
Total Repayable R82 071

36 Months R2 591
Total Repayable R93 293

48 Months R2 193
Total Repayable R105 240

60 Months R1 965
Total Repayable R117 876

Repayment terms for a 1Life Personal Loan are from 12 months to 5 years (60 months) and based on the Loan Options table below:

Loan Amount + Initiation fee
R80 000 + R1 197 
12 Months R7 894
Total Repayable R94 734

24 Months R4 515
Total Repayable R108 356

36 Months R3 416
Total Repayable R122 978

48 Months R2 887
Total Repayable R138 561

60 Months R2 584
Total Repayable R155 058

Repayment terms for a 1Life Personal Loan are from 12 months to 5 years (60 months) and based on the Loan Options table below:

Loan Amount + Initiation fee
R100 000 + R1 197
12 Months R9 822
Total Repayable R117 866

24 Months R5 610
Total Repayable R134 642

36 Months R4 241
Total Repayable R152 662

48 Months R3 581
Total Repayable R171 882

60 Months R3 204
Total Repayable R192 240

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