Best way to get a loan

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gumpie

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I am investigating getting a loan so that i can finish up some small things on my house and finally make it what i want.
I will need a loan of about 30k. Whats the best product to investigate. I am with FNB so i would really try like to keep it with them?
 
gumpie said:
I am investigating getting a loan so that i can finish up some small things on my house and finally make it what i want.
I will need a loan of about 30k. Whats the best product to investigate. I am with FNB so i would really try like to keep it with them?
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Personal loan? They are going to kill you on interest. Can't you instead take it on your homeloan?
 
Problem with that is that i just got the home loan (in feburary) so there are not really fund in the account. Is it possiable to extend your homeloan on such a small amount?
 
Why dont you just save up?
Unless of course its urgent maintenance work.
 
I wont really recommend anyone to take a personal loan, but DirectAxis will deposit R30k in your account within 24 hours with not much more than a phone call. The interest rates are high, 23% plus, you can have a look on their website. I was quite shocked to see that Absa quotes about the same for a personal loan. DirectAxess have quite a bit of admin charges too, but so does the banks. Personal loans should be last resort in my opinion. Rather wait a few months and see what you can do with your bond if you have flexi.
 
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