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MoneyShop Review

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R 1 000
R 350 000
Duration
2 years
APR (est.)
48.00%
Interest rate cost (est.)
R 57 408,40
Total cost (est.)
R 157 408,40
Monthly payment
R 6 559
over 24 months
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Representative example: Estimated repayments of a loan of r30,000 over 36 months at a maximum interest rate of 29.25% apr would be r1,381 per month including fees. Repayment terms can range from 2 - 72 months. Our service is free, and we only work with NCR-licensed lenders in South Africa. Minimum apr is 5% and maximum apr is 60%.
  1. Loan Amount
    R 1 000 - 350 000
  2. Duration
    2 - 84 years
  3. APR
    36 - 60%
  4. Min. Age
    18 years

MoneyShop

MoneyShop is South Africas largest loan and credit finding service and thereby a one-stop platform for all your financial needs. They partner with leading financial institutions to provide wider access to financial services for South Africans. Users can get loans of different kinds, tailored insurance plans, financial planning advice, plus more, all from the same place. 

Using their services involves just filling in a quick form and choosing options from the unique results generated by AI. 

Whether you're searching for personal loans, short-term loans, or insurance plans, you can find all of it on MoneyShop to save time and effort. No hidden costs or obligations—just unbiased advice and tailored results that are best suited to your needs.

MoneyShop’s Loan Products

Personal Loans

Personal loans through MoneyShop are flexible and affordable. They’re ideal for light expenses like daily necessities and significant expenses like home renovations or debt consolidation.

Here's what you can expect:

  • Loan Sizes: R10,000 to R350,000.
  • Repayment Terms: 12 to 84 months.
  • Interest Rates: Between the prime rate and 29.5% annually, depending on the lender and your profile.

Short-Term Loans

Short-term loans cater to immediate, smaller financial needs like medical bills or urgent repairs. These loans are for times when convenience and speed are crucial. Key features include:

  • Loan Sizes: R1,000 to R8,000.
  • Repayment Terms: 2 to 6 months.
  • Interest Rates: Between 3% and 5% per month (36% to 60% annually).

Free Credit Reports

Get a detailed analysis of your risk profile, plus insights into the types of loans typically available for your credit rating, and suggestions for improving your creditworthiness for access to better loans. 

Even if you have a bad credit, you can still find plenty of borrowing options with MoneyShop’s partners, from debt consolidation to emergency loans and secured loans.

Insurance Products

MoneyShop’s partnerships with leading insurers simplifies access to comprehensive and affordable coverage, including:

  • Funeral Plans
  • Car and Home Insurance
  • Hospital Cover

How MoneyShop Works

MoneyShop’s process is seamless. In a few minutes, you'll be on your way to securing the most suitable financial product for you. All you need to do is:

  1. Select Your Service: Choose from personal loans, short-term loans, or credit reports.
  2. Provide Your Details: Fill out a quick online application form.
  3. Get Personalized Results: Based on your profile, MoneyShop matches you with the most suitable financial products from South Africa’s top providers.

From there, you can proceed directly with the recommended lender or insurer.

Eligibility Criteria

To ensure a smooth application process, ensure you meet these basic requirements:

  • A valid South African ID.
  • A minimum income of R4,000 per month.
  • A clean credit record (not undergoing debt counselling).

Meeting these criteria boosts your chances of approval and ensures the best loan terms.

MoneyShop’s Commitment to Transparency

Interest Rates and Costs

Interest rates and loan sizes vary by provider. At any rate, MoneyShop ensures every recommendation adheres to the National Credit Act (NCA). This means no surprises—just clear, regulated terms.

Responsible Lending Practices

MoneyShop works only with reputable lenders who prioritize your financial well-being. Users can rest assured of protection from predatory lending practices. You’ll receive only loans with terms that allow for easy repayment.

Expedite Access to Financial Services with MoneyShop

Tap into an extensive network of certified lenders and insurers on MoneyShop. Whether you’re seeking a personal loan, short-term cash, or comprehensive insurance, MoneyShop has you covered.

Get everything done on one spot online, from researching lenders to applying for loans, and seeking professional financial guidance. 

There are no obligations – all the services are completely free, including the loans comparison report, credit report, and expert recommendations.

Visit MoneyShop today and elevate your financial future.