Personal loan: R5 000 to R20 000 over 7 to 12 months

For a larger planned expense, with equal monthly instalments for up to a year. No insurance is added and you can settle early without a penalty.

R5 000–R20 000
7–12 months
2% a month
First loan up to R10 000

Calculate the cost Requirements

A branch with twelve leaves: up to a year of instalments

Up to R20 000 over seven to twelve months

The personal loan is our longest and largest. It suits a bigger planned expense where a lower monthly amount matters, provided the instalment stays comfortable for the whole year.

Amount: R5 000 to R20 000, in steps of R100
First RandLeaf loan: Up to R10 000
Term: 7–12 months, repaid in equal monthly instalments
Interest: 2% a month (24% a year), charged only on the part of the loan you still owe
Initiation fee: R50 plus 4% of the amount above R1 000, charged once and never earning interest
Service fee: R40 a month
Insurance: None charged
Settling early: Allowed at any time, with no penalty
Loans at once: One RandLeaf loan at a time; no top-ups or roll-overs
Type of credit: Unsecured credit transaction under the National Credit Act

Two personal loans, in full

Over a longer term, interest becomes the biggest part of the cost. Compare the totals below with the amount you actually need.

Personal loan: R8 000 over 9 months, first loan

Worked example · pricing RL-PRICE-2026-10

You receive: R8 000.00
Interest at 2% a month: R821.12
Initiation fee, once: R330.00
Service fee, R40.00 × 9: R360.00
Cost of credit: R1 511.12
Total to repay: R9 511.12

8 × R1 056.78, then a final R1 056.88.

Personal loan: R10 000 over 12 months, first loan

Worked example · pricing RL-PRICE-2026-10

You receive: R10 000.00
Interest at 2% a month: R1 347.15
Initiation fee, once: R410.00
Service fee, R40.00 × 12: R480.00
Cost of credit: R2 237.15
Total to repay: R12 237.15

11 × R1 019.76, then a final R1 019.79.

Every repayment: R10 000 personal loan over 12 months, first loanMonths are counted from payout. Fees are the initiation fee share plus the monthly service fee. Pricing version RL-PRICE-2026-10.
Period	Balance owed	Principal	Interest	Fees	Repayment
Month 1	R10 000.00	R745.60	R200.00	R74.16	R1 019.76
Month 2	R9 254.40	R760.51	R185.09	R74.16	R1 019.76
Month 3	R8 493.89	R775.72	R169.88	R74.16	R1 019.76
Month 4	R7 718.17	R791.24	R154.36	R74.16	R1 019.76
Month 5	R6 926.93	R807.06	R138.54	R74.16	R1 019.76
Month 6	R6 119.87	R823.20	R122.40	R74.16	R1 019.76
Month 7	R5 296.67	R839.67	R105.93	R74.16	R1 019.76
Month 8	R4 457.00	R856.46	R89.14	R74.16	R1 019.76
Month 9	R3 600.54	R873.59	R72.01	R74.16	R1 019.76
Month 10	R2 726.95	R891.06	R54.54	R74.16	R1 019.76
Month 11	R1 835.89	R908.88	R36.72	R74.16	R1 019.76
Month 12	R927.01	R927.01	R18.54	R74.24	R1 019.79
Total		R10 000.00	R1 347.15	R890.00	R12 237.15

Estimate a personal loan

Move the amount and the term. The total, every repayment and each fee update as you go. Nothing you enter is saved or sent anywhere.

Open the full calculator with the repayment schedule

Estimate your repayments

See an estimate of your repayments before you continue. Your final offer depends on the lender’s assessment.

Estimate · not a quote

Example: R8 000 over 9 months, first loan

Total to repay

R9 511.12

8 × R1 056.78, then a final R1 056.88.

See every cost

You receive: R8 000.00
Interest at 2% a month: R821.12
Initiation fee, once: R330.00
Service fee, R40.00 × 9: R360.00

This is an estimate, not a loan approval. All applications are subject to credit and affordability checks. Pricing version RL-PRICE-2026-10, reviewed 30 October 2026.

See the full schedule Apply online

Paid partner link. RandLeaf’s own applications aren’t open yet, so this goes to a partner’s application. The partner’s amounts, rates and fees can differ from the RandLeaf examples here. How this works.

Check the instalment against a hard month

Before choosing 12 months, picture your tightest month of the year: January after the holidays, or the month the car licence and school fees land together. If R1 019.76 still fits that month, the loan is more likely to stay manageable.

Our free budget planner is a printable sheet for exactly this check. Nothing you write on it is shared with us.

Credit life insurance

We don’t charge for credit life insurance on personal loans, and it isn’t a condition of the loan. Why, and what to know.

When a personal loan fits, and when it doesn’t

It can fit when

The cost is larger than R5 000 and planned, not a recurring shortfall
You have a steady income and expect it to continue for the next year
The total cost is worth it compared with saving up over a few months

Think again when

You want to use it to pay off other loans. Speak to a debt counsellor about your options first.
Your income is irregular or a contract ends soon
You would be borrowing the maximum only because it is available

How you apply

RandLeaf’s own online application service isn’t open yet. Until it is, the Apply online button takes you to a partner’s application through the LeadGid affiliate network. How the partner route works.

You’ll be asked for your ID number, income, expenses and bank details there, and every application is assessed before an offer is made. A previous loan does not guarantee approval.

Apply online

See the four steps Check the requirements

Personal loan questions

Is the interest rate higher on a bigger loan?

No. It is 2% a month on every RandLeaf loan. A bigger or longer loan costs more because there is more principal and it is outstanding for longer.

Can a first-time customer apply?

Yes, for up to R10 000. Returning customers can apply for up to R20 000. The amount we offer depends on the affordability assessment.

What happens if my income drops during the year?

Contact us as soon as you know. We will look at your situation and explain the options that apply. If repayments become hard.

Can I settle it after a few months?

Yes. There is no early settlement penalty. You pay the principal still owed plus interest and fees up to the settlement date, and the remaining months fall away.

Does RandLeaf Roots raise my limit?

No. The proposed programme offers a smaller initiation fee on a new approved loan. It doesn’t change limits or approval. About RandLeaf Roots.

Loans and costs

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