LOANRANGER
Finance for South Africans

One application.
Every bank. You choose.

A house, a car, equipment, a business, a personal or short-term loan — or solar on rent to own. Upload the basics from any device, we put it to the lenders, and you pick from what they offer.

Apply now What can I afford?

It costs you nothing. The bank pays us, and only if your finance goes through.

Three banks came back You choose one
Nedbank
10.00%prime less 0.75%
R16 888a month
SharpUsually prime plus 0.50%.
Absa Cheapest overall
10.25%prime less 0.50%
R17 179a month
SharpUsually prime plus 0.50%.
FNB
10.75%at prime
R17 767a month
About usualUsually prime plus 0.50%.

On R1 750 000 over 20 years at today’s prime of 10.75%. The cheapest month and the cheapest overall are not always the same bank. We say which is which — and whether the rate is any good.

How it works

Four steps, and the first one takes about three minutes.

  1. Tell us what you need

    What you are buying and roughly what it costs. No account, and nothing is saved until you say so.

  2. Upload your documents

    Your ID, your payslips and three months of bank statements. Photos are fine, from any device.

  3. We put it to the lenders

    One application to every desk we are accredited at — not the same forms filled in four times.

  4. You pick the offer

    They come back together, so you compare them side by side instead of deciding one at a time.

Start with step one Three minutes, no account, nothing saved until you say so.

See the numbers before anyone sees your name.

What you can afford, and what it would cost you a month, at today’s prime of 10.75%. No application, and no credit check.

What can I afford? What will it cost?

What do you need?

Pick one and you are three minutes from an application.

Home loan A house, a flat or vacant land Cheaper — the lender holds what you buy Start→ Vehicle finance A car, a bakkie or a bike, new or used Cheaper — the lender holds what you buy Start→ Equipment and assets Machinery, plant, or anything with a serial number Cheaper — the lender holds what you buy Start→ Business finance Working capital, expansion, or a gap in the cash flow Dearer — nothing is held as security Start→ Personal loan Money for whatever you need it for Dearer — nothing is held as security Start→ Rent to own Solar, equipment or a vehicle on a monthly fee, with no deposit No deposit — and no rate to compare Start→ Short-term loan A small amount, paid back within six months The dearest money here — for a gap, not a plan Start→ Not sure yet? Two questions and we will show you what you could carry No account, nothing saved

Before your documents go anywhere.

Three things have to be true of a lender first. A wall of bank logos is not one of them — and your ID, your payslips and three months of bank statements should not leave on the strength of one.

35institutions tracked 7kinds of finance
  1. We track the market, not a shortlist 35 institutions, and the kinds of finance each one actually writes Tracking a lender is not the same as being on its panel.
  2. They have to put us on the panel An application goes only to a desk where we hold an accreditation And a lender is named here only once it has agreed to be named.
  3. And still be allowed to lend We hold each registration certificate and watch the date on it Expired, and applications stop going there that day.

Only a lender past all three gets an application. We would rather name a short list we can prove than a wall of logos — every lender we name is an accreditation we hold, and we name no others.

Same person. Two answers.

Self-employed, applying for R2.565m.

R0
Declined
Income read off his bank statement · qualifies for R1.29m
RECONCILED →
R0
Approved
Income built from his financials · qualifies for R2.63m

R186 000 a year of his income never touched his bank account. R284 400 that did was not his. If you work for yourself, that difference is the whole application.

Rent to own

A rental has no interest rate.

Solar on a roof, a PABX in a call centre, a copier, increasingly a car. Nothing is lent: the provider buys the thing and keeps it, you pay a monthly fee to use it, and that fee climbs most years. With no deposit to put down it is often the only shape on offer — and for a business that needs the equipment working on Monday, it can be the right one.

But it cannot be compared on a rate, because it has not got one. What can be said is what you hand over in total, and what multiple of the cash price that comes to — worked out before you sign, from the agreement in front of you. Ask any provider for the same two numbers.

Price a rent-to-own How it works
R180 000 of solar, on a rental 60 months · 7% a year
What it costs in cashBought outright, installedR180 000
First monthR4 200
Month 60The same panels, five years inR5 505
Paid over five yearsR289 837
To own it at the endOr hand it back and own nothingR1 000
TotalR290 837
Buy it outright R180 000
Rent it for five years R290 837 R110 837 more
1.62×the cash price

R110 837 more than buying it outright. That is not a verdict — a business without R180 000 spare cannot buy it outright. It is the figure the monthly quote does not show you.

It costs you nothing.

The bank that gives you the finance pays us, and only if it goes through. No fee, no charge for applying, nothing taken off what you borrow.

Apply now See what you can afford