DirectAxis vs African Bank
Both are providers of longer-term personal credit in South Africa. This comparison shows only what each one publishes about itself, with the source and date attached. Where a field is blank in the source it is shown as not disclosed — it is never filled in with a guess.
Both providers
ordered by what each discloses · how we rank| Lender · NCR registration | Amount | Term | Interest | Basis | Details |
|---|---|---|---|---|---|
| DirectAxis NCRCP20 | R5 000 – R350 000 | 24–72 months | Annual, risk-based | ✓ Lender-confirmed | View details |
| African Bank Not disclosed | R2 000 – R350 000 | 7–72 months | Annual, risk-based | Snapshot only | View details |
- DirectAxis✓ Lender-confirmedNCRCP20
- Amount
- R5 000 – R350 000
- Term
- 24–72 months
- Interest
- Annual, risk-based
- Provider
- FirstRand Bank Limited
- African BankSnapshot onlyNot disclosed
- Amount
- R2 000 – R350 000
- Term
- 7–72 months
- Interest
- Annual, risk-based
- Provider
- African Bank Limited
Every figure is transcribed from the provider’s own published material. Where a provider does not disclose something, this table says so rather than estimating it. Last checked 10 August 2026. ZarCash may earn a commission when you apply through a partner — it never changes this order. Affiliate disclosure
What it costs — work it out
Set the amount and the term and see the instalment and the total repayable, with every fee the National Credit Act allows and VAT included. An estimate at the legal maximum — not a quote, and not an offer.
Rates and fees use the NCA caps for short-term credit agreements: interest 5%/month (3% repeat), initiation fee R165 + 10% of the amount over R1 000 (max R1 050), service fee R60/month, VAT 15% on fees.
| Principal — what you receive | R3 000 |
|---|---|
| Interest (5%/mo × 3 months) | R450 |
| Initiation fee | R365 |
| Service fee (3 × R60) | R180 |
| VAT on fees (15%) | R82 |
| Total cost of credit | R1 077 |
Check these three things before you sign — here or anywhere
- The lender’s NCRCP number is published on its own site, and it checks out in the National Credit Regulator’s register.
- The pre-agreement quote breaks out the total cost of credit: interest, initiation fee, service fee and VAT — as one figure you can compare.
- Nobody asks you for an upfront “release fee”. A registered credit provider never charges you before it pays out.
Side by side
Transcribed from each provider’s own source, checked 10 August 2026.
| Detail | DirectAxis | African Bank |
|---|---|---|
| Legal credit provider | FirstRand Bank Limited | African Bank Limited |
| Role | Direct personal lender | Direct personal lender |
| NCR number | NCRCP20 | Not disclosed |
| Amount | R5 000 – R350 000 | R2 000 – R350 000 |
| Term | 24 months – 72 months | 7 months – 72 months |
| Product | Fixed-rate personal loan; the example calculator shows up to 28% p.a. and a R69 monthly service fee. | Personal loans; the comparison snapshot reports 15%–24.5% p.a. |
| Eligibility | Good credit record; regular income at least R5,000; ID; address; bank statements or payslips. | Product terms are risk-based. |
| Verification basis | Verified on the lender’s own site | Third-party comparison snapshot — not lender-confirmed |
| Last checked | 10 August 2026 | 10 August 2026 |
Neither column is a quote. Your amount, term and rate come from the affordability assessment and appear on the pre-agreement quote, which is the only binding document.
How to choose between them
Where both are registered and both disclose their terms, price is largely fixed by the same caps — so the deciding factors are usually which one your affordability assessment passes with, and which discloses more before you apply.
On amount, DirectAxis advances R5 000 – R350 000 and African Bank advances R2 000 – R350 000. If the amount you need sits near one provider's ceiling, the other may assess it more comfortably.
Apply to one at a time. Each application logs a credit enquiry, and a cluster of enquiries in a short period makes the next assessment more cautious.
How this list is ordered
Lenders are ordered by how much they actually disclose, not by what they pay. A provider that publishes its legal entity, NCR number, amount range and term range on its own site ranks above one that publishes a brand name and a phone number, because you can verify the first and not the second.
Where a figure comes from a third-party comparison snapshot rather than the lender, the row says so and ranks below lender-confirmed records. We would rather show you a gap than fill it.
ZarCash may earn a commission when you apply through a link here. That relationship never changes the order — the ordering rule above is applied to the data before any commercial arrangement is considered, and a lender cannot buy a position.
Related
Sources and last checked
- National Credit Regulator — register of credit providers — Regulator, as at 10 August 2026.
- National Credit Act 34 of 2005 and its regulations — Government, as at 10 August 2026.
Page last checked 10 August 2026. Statutory caps and lender terms change — confirm anything you intend to rely on with the provider or the National Credit Regulator. Found something wrong? Tell us and we will correct it.