About Personal Loans

Personal loans are useful for bigger purchases or for unexpected expenses like school fees, a family wedding or the deposit on a car or home. The amount you qualify for depends on your income and your credit record.  Different types of personal loans include:


  • Revolving Credit Plan loans (RCP) – this is a loan with a fixed monthly repayment.  An RCP lets you borrow again up to your original loan amount, once you have repaid a portion of the loan.


  • Overdrafts - this is a credit facility loaded to your current account.  You can use as much of your agreed overdraft limit as you need whenever you need it, as the total limit is always available for you to use.


  • Student Loans – will cover the costs of your studies. If you are a full-time student, you will only need to start repaying the loan when you have finished studying.

If you want to apply for a loan, make sure you understand the costs, charges, terms and conditions of the loan agreement.