Discover the convenience of VodaLend Compare, your comprehensive personal loan comparison solution for comparing personal loans of up to R350,000.
With our online comparison tool, you can explore a range of personal loan options from South Africa's leading credit providers, all in a matter of minutes. VodaLend offers a streamlined and hassle-free approach to helping you find the best personal loan quotes for your needs. We help you save by sourcing competitive quotes from our trusted network of South African loan providers. Simplify your personal loan search process - click, compare, and benefit from VodaLend Compare today.
Why Choose VodaLend Compare?
Quick & Easy Compare
Wide variety of loan options to suit your needs - all in under 3 minutes.
We'll find the best deals for you from our trusted partners so that you can get the best rates.
Safe & Trustworthy
We use the best technology and security to keep your data protected.
We do the heavy lifting, so you don't have to. We work with a wide range of South Africa’s leading credit providers to show you real-time offers without harming your credit score, making sure you get the best loan you need.
How does it work?
CLICK ON "COMPARE QUOTES NOW"
Click on the “Compare Quotes Now” button below to get started
TELL US ABOUT YOURSELF
Select loan amount and provide personal details
GET YOUR LOAN OFFERS
We find the best deals for you, and then choose your loan
While shopping around for the best deal takes time and can cost you more both in terms of time and money, we gather all your information once, at no cost to you and provide you with the best offer from our partners in minutes without you needing to visit a branch or talk to a call centre. Immediate, easy and trusted.
⦁ Your South African ID document
⦁ Latest payslip
⦁ 3 months most recent bank statements
⦁ Proof of residence
You won’t need any of this right now. We will source your bank statement data as part of the application process. If you are approved and accept an offer from one of our partners, they may request you to provide some of these documents.
A lender is allowed to charge the following amounts on an unsecured personal loan.
⦁ An initiation fee of up to R 1 050.00 (excluding VAT)
⦁ An interest rate of usually 24% to 25% per annum, but it could be lower
⦁ A monthly admin fee of R 60.00 (excluding VAT)
⦁ Credit Life Insurance (for death, disability and retrenchment cover of R 4.50 per month for every R 1000.00 you borrow.
The actual amount of money each of these charges will cost you depends greatly on which lender you choose, but most often the initiation fee is R 1 297.00 including VAT. This is usually added to your loan amount.
Example Estimated Repayment :
For display purposes, monthly repayments are calculated using a 23% per annum interest rate.
Actual pricing may differ depending on the risk assessment for the individual lender.
For a R1000 loan payable over 3 months, the approximate monthly repayment amount is R480.98
No, we will never promote a company because of our position as an independent marketplace. We present updated information on all our partners and leave the decision 100% up to you to decide on the offer that best meets your needs and circumstances.
We will only aim to make the latest information or deals available to our users and make sure you are able to both access these offers along with our comparison offers.
Being blacklisted is a common misperception and does not necessarily prevent you from being able to access a loan.
Some lenders do accept people with lower credit health and they typically get termed as blacklisted clients. It will just take a little more time to get access to credit. In most cases, you might need to look around for more alternative lenders who are able to assist you.
Fortunately, our engine is all about helping you make better financial decisions!
The product offers you are matched with are based on the details you provide us. If these details are accurate and not falsified, you should have the right product offers in front of you!
It is, however, important for you to know what financial product you are agreeing to. If you are uncertain about anything related to this process, it is important to read up and research the products, companies, and make sure you understand how this process works.
In some cases, you might be able to click on more than one offer, especially if you are doing an application for the second time.
We would, however, suggest sticking with one partner offer at a time as it will help you to get the healthiest results when it comes to making a better decision. This will also protect your credit score from taking a knock if you have been applying all over the internet and other financial partners are processing your applications.
When you enter your bank details, your details are immediately encrypted using a unique algorithm. We then use an automated technology that logs into your online profile, and searches for your associated bank accounts. We only read the figures and transactions in your account, and in the same way that you would export a PDF, we download the transaction descriptions which are in your transactional history. Once we’re done, we log out securely and re-encrypt your bank details for extra safety. The good news is, when we say "we" it actually means our technology, so your information is both secure and private from any human intervention.
The online login process is much faster, more convenient, and a lot more secure. Because we can automatically retrieve your data, there is no passing of PDF files between systems – which is a less secure process than the online login process. The uploading of a bank statement process requires you to log in to your bank account, download the statements, and then re-upload them to an online portal. This is time consuming and has more security risk than our seamless online login process.
We use Hardware Security Modules (HSM’s) which are graded to the FIPS 140-2 Standard. This is a US-government computer security standard for processing information. Your information is never actually written to a physical server, and rather stays in dynamic memory which is immediately deleted when it is no longer necessary.
First, you log in through our secure and encrypted portal as you would with your online banking portal. Our technology then fetches your bank statements automatically and downloads the required information to our secure server for processing.
In order to automatically download your statements, we need "Read-Only" access to be able to log in to your bank account on your behalf and then download your statements. This is a common procedure that is used to read information from a secure, read-only source.
Your bank notifies you whenever someone logs into your account. Because we are doing that on your behalf, you will likely get a notification to say that someone has logged in. This is normal and can be expected every time you use this service.
The same process as your online banking portal applies. If you put in the wrong details more than three times, your account will likely be temporarily closed by your bank until you reset the password. You will need to do this through your banking app or online banking portal.
There are a few reasons that your bank statement might be rejected:
1. It does not have the layout/format of a normal bank statement.
2. It is not actually a bank statement. We don't accept loan or credit account documents.
3. The bank statement has been altered. We have technology that recognizes if the bank statement is in its original, untampered format.
If you feel that your bank statement shouldn't be failing for any of these reasons, please feel free to report the error.
You need to select the account where your salary is deposited as well as any that you use for your regular monthly expenditure. As an example – if your salary is deposited into your cheque/savings account and all your debit orders are charged against that account then you only need to select that account.
Read the Vodacom Payment Services (Pty) Ltd Privacy Notice here and PAIA Manual here.