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 + R649.65
12 Months R637.98
Total Repayable R7 655.82

24 Months R402.80
Total Repayable R9 667.30

36 Months R326.31
Total Repayable R11 747.06

48 Months R289.43
Total Repayable R13 892.66

60 Months R268.35
Total Repayable R16 100.83

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 207.50 
12 Months R2 204.84
Total Repayable R26 458.08

24 Months R1 322.02
Total Repayable R31 728.59

36 Months R1 034.87
Total Repayable R37 255.42

48 Months R896.45
Total Repayable R43 029.38

60 Months R817.30
Total Repayable R49 038.24

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 207.50
12 Months R4 219.07
Total Repayable R50 628.84

24 Months R2 503.71
Total Repayable R60 088.93

36 Months R1 945.75
Total Repayable R70 047.05

48 Months R1 676.78
Total Repayable R80 485.35

60 Months R1 523.00
Total Repayable R91 380.09

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 207.50 
12 Months R6 233.30
Total Repayable R74 799.61

24 Months R3 685.39
Total Repayable R88 449.27

36 Months R2 856.63
Total Repayable R102 838.68

48 Months R2 457.11
Total Repayable R117 941.33

60 Months R2 228.70
Total Repayable R133 721.94

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 207.50 
12 Months R8 247.53
Total Repayable R98 970.38

24 Months R4 867.07
Total Repayable R116 809.61

36 Months R3 767.51
Total Repayable R135 630.31

48 Months R3 237.44
Total Repayable R155 397.30

60 Months R2 934.40
Total Repayable R176 063.79

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 207.50
12 Months R10 261.76
Total Repayable R123 141.15

24 Months R6 048.75
Total Repayable R145 169.95

36 Months R4 678.39
Total Repayable R168 421.94

48 Months R4 017.78
Total Repayable R192 853.28

60 Months R3 640.09
Total Repayable R218 405.64

Call me back



subscribe to blog