Discovery Bank
Discovery Bank offers personal loans from R10,000 - R300,000 with 19.25% APR. NCR-registered lender with flexible repayment terms.
About Discovery Bank
Discovery Bank is an NCR-registered credit provider offering personal loans to South African consumers. With loan amounts ranging from R 10 000 to R 300 000 and flexible repayment terms, Discovery Bank provides accessible credit solutions.
Loan Details
Loan Amounts
Repayment Terms
Interest Rate
Representative example. Actual rate depends on your credit profile.
Key Features
Eligibility Requirements
- ✓ Age 18-65 years
- ✓ South African citizen or permanent resident
- ✓ Minimum monthly income R10,000
- ✓ Valid Discovery Bank account
- ✓ Excellent credit score required
- ✓ South African bank account
- ✓ Valid ID document
Advantages & Disadvantages
✓ Pros
- • Lowest fintech APR from 13.5%
- • Up to R300,000 loan amount
- • Vitality Money rewards on repayments
- • 72-month flexible repayment terms
- • Cashback and discounts via Vitality
✗ Cons
- • Must be Discovery Bank client
- • Higher minimum loan amount (R10,000)
- • Premium income requirements
Frequently Asked Questions
How much can I borrow from Discovery Bank?
You can borrow between R 10 000 and R 300 000, depending on your credit profile and affordability assessment.
What is the interest rate?
Discovery Bank offers loans with an APR example of 19.25%. The actual rate you receive will depend on your individual credit assessment and affordability.
How long are the repayment terms?
Repayment terms range from 12 to 73 months, giving you flexibility to choose a term that suits your budget.
Is Discovery Bank registered with the NCR?
Yes, Discovery Bank is a registered credit provider with the National Credit Regulator (NCR), ensuring compliance with the National Credit Act.
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View All LendersDisclaimer: Credizen is a comparison platform and not a lender. We receive compensation from Discovery Bank when you apply through our site. Loan approval and terms are subject to Discovery Bank's credit assessment and affordability checks.
Responsible Lending: Before applying, ensure you can afford the monthly repayments. Defaulting on credit agreements can negatively affect your credit score. This information is provided for comparison purposes only. Always read the terms and conditions from Discovery Bank before accepting a loan offer.