iLoans Loans Review
Easy to apply
Approval time
No hidden condition
Renewal rules
Service quality
Customer support
Borrower requirements
  • You must be 18+
  • Reside in the SA and have a valid ID
  • Provide proof of your income
  • Have an active checking account
  • Bank account
  • Credit or Debit card
Contact information
Phone number: 074 123 8235
Shedule Monday - Friday
08:00 - 18:00

iLoans loans offer flexible payment terms and competitive interest rates. They also allow you to pre-qualify without impacting your credit score and compare offers from multiple lenders. They also provide information on common fees, such as late and origination charges.

This process is quick and convenient and can be completed online. Afterwards, you can meet with a local iLoan specialist to continue the application process in person.

Interest rates

Interest rates are a necessary part of borrowing money in iLoans, but they can be expensive. The annual percentage rate (APR) is an important metric when shopping for a personal loan. It is used to compare the cost of loans and credit cards, and it includes all fees and charges that a lender may charge. It is also useful for comparing loans with different terms. For example, an unsecured personal loan might have a lower APR than a secured personal loan, which is backed by your home or car.

To determine the APR of a personal loan, iLoans use several factors to assess your financial situation and creditworthiness. These include your credit score, income, debt-to-income ratio and other information. The APR is based on these factors, as well as current economic trends. The APR of a personal loan is also affected by the term and repayment options of the loan, as well as the borrower’s ability to repay the debt.

iLoans loans are available for amounts up to R200,000, and they are typically repaid over a period of two to seven years. iLoans loans can be used for a variety of purposes, including home improvement projects, debt consolidation and emergency expenses. Before applying for a personal loan, be sure to consider the APR and other fees, such as an origination fee and prepayment penalties.

Generally, borrowers with good credit ratings receive lower interest rates than those with poorer credit. To maximize your chances of getting a low interest rate, be sure to pay your bills on time and avoid taking on too much debt.

Loan parameters
  • Loan amount
    R1,000 – R200,000
  • Interest
  • Term
    1 – 60 months
  • Age
    18+ years

Payment options

Whether you need to buy a new mattress or pay off a credit card, there are many payment options available through iLoans. These personal loans come with fixed interest rates and repayment terms, making them an excellent option for people looking to consolidate debt or make major purchases. The company also offers a variety of loan amounts, from R1,000 to R200,000.

The iLoans website allows you to see your interest rate before applying, which is a great feature because it can help you determine whether or not this is the best option for you. You can also view the terms and conditions of the loan before you sign. It is important to review these carefully before you apply. You should also consider whether or not the loan is unsecured, and if it requires collateral.

If you’re not comfortable with the high credit requirements of iLoans, another option is to borrow from a peer-to-peer lending network. These lenders offer personal loans to people with less-than-perfect credit, and their rates are often lower than those of traditional banks. However, these loans may carry a higher risk of default, so you’ll need to weigh the pros and cons of this type of financing.

A iLoans personal loan is a good option for anyone who needs quick cash, but the process of getting a one can be confusing. You will need to provide your bank account details and some other personal information, such as your employer and income levels. The lender will then perform a credit check to determine your eligibility for the loan. Once approved, you’ll receive the money in your bank account within a few days.


The requirements for iLoans personal loan applications vary by lender, but most lenders require verification of income and other documentation. Most of these documents can be submitted electronically. Applicants may also be required to provide a recent utility bill or rental agreement. Depending on the lender, this information can be submitted via web-based forms or by calling the lender’s customer service line.

To qualify for a personal loan, an applicant must have a good credit history and enough income to cover the monthly payments. Lenders consider an applicant’s debt-to-income (DTI) ratio when assessing their creditworthiness. The lower the DTI, the better. iLoan, for example, requires an applicant to have a DTI of less than 36% to be eligible.

Applicants should also be familiar with the terms and conditions of their potential loan, including interest rates and fees. Many lenders offer online calculators to help applicants determine if they can afford the loan amount. The calculator will take into account the borrower’s monthly expenses, such as rent and utilities, as well as other financial obligations. In addition, the calculator will calculate an affordable monthly loan payment based on the borrower’s income.

Another important factor in qualifying for a personal loan in iLoans is the borrower’s credit score. A higher credit score means a lower risk for the lender, which could result in a more competitive rate. However, if an applicant’s credit is too low to qualify for a personal loan, they can still apply with a co-signer, who will assume legal responsibility for the debt in the event of default.

To start the process of applying for a personal loan, an applicant must complete an online application that includes their contact information, employment, and financial information. The lender will then run a credit check that can temporarily affect their credit score. To speed up the process, applicants should gather all the necessary documentation before completing the application. This will help to reduce the likelihood of errors and delays. For example, a potential borrower should have a government-issued ID and proof of income, such as a W-2 or bank statement.

Customer service

iLoans offers personal loans ranging from R1000 to R200 000, with flexible repayment terms that suit your budget. They can help you choose the best personal loan that will meet your needs and help you rebuild your credit. Their service is available online and through their telephone number. Their customer service representatives are always ready to assist you with any questions you may have.

You can check your rates with iLoan by visiting their website and filling out a simple application. Once you submit your application, you will receive a quick decision about whether your loans will be approved. The iLoan application process takes into account your income level, credit history, and other factors. The company also considers collateral assets, which can lower your risk profile.

A personal loan from iLoan is a great way to pay for bills, such as medical or dental expenses. Alternatively, you can use it to finance other purchases. These can include a vacation, wedding, or even to buy a new car. You can also use it to consolidate debt into a single payment, which will save you money on interest charges.

The iLoan personal loan process is quick and easy, and their team members are dedicated to helping you find the right solution. They have years of experience in the financial industry and can offer you a competitive rate for your personal loan. iLoan also works with multiple lenders in South Africa to provide the most diverse selection of options for your needs.

If you are having trouble getting a loan because of a bad credit score, iLoan’s service can be a lifesaver. They have helped many people get the funds they need to meet their obligations. Unlike payday lenders, iLoan does not charge high interest rates and fees. However, they do charge origination and administration fees that vary by state.

The iLoan customer service department has years of experience and provides the most comprehensive customer care in the industry. Their employees are a friendly and knowledgeable group of individuals who can answer your questions in a timely manner. They can also provide you with an in-person consultation with a local specialist to verify your identity and discuss the options available to you.

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Claudia da Silva
The site and online service are convenient, save time, and you can register at any time, they work 24/7. I have a bad credit history and I honestly indicated everything in the questionnaire. Received the money the next day.
Natalie du Toit
Loans are issued quickly if pressed and loans are not given at the bank. Simple and clear site. Convenient withdrawal of funds possibility of early repayment of the loan
Tshepo Zwane
Everything is organized and simple and decided that this site will always help out in difficult situations. Everything suits me, thanks
Siphiwe Visser
An excellent company, I took from them many times, returned it on time, everything is transparent, as convenient as possible and no deception. Well done!
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