Rating based on 4 reviews

Lifestyle Financial

  • Personal loans up to R150,000
  • Low-interest starting from 23%
  • Repayment up to 60 months

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Lifestyle Financial homepage
Author Lifestyle Financial. Screenshot of Lifestyle Financial website.
[Accessed January 27, 2023]

About Lifestyle Financial

Lifestyle Financial has provided South Africans with insurance and personal finance products for over 15 years.

With a focus on giving you affordable, comprehensive, and no-frills access to the finance you need when you need it.

They’re a one-stop shop for personal finance

If you’re looking for a loan and aren’t sure what financial product you should apply for, we have a solution. Lifestyle Financial offers everything from student loans to payday loans. They even offer affordable personal loans that don’t require collateral.

Every product is tailored to your specifications, giving you control and ensuring that you don’t get saddled with debt you don’t need. You choose the amount and the term of your loan, and they take care of the rest.

Uncomplicated online processes

Thankfully, the days of standing in queues for hours to apply for credit are long over. A minute or two on your phone or computer can get you the financial relief you need with a few clicks.

Depending on your bank and the loan option, you could receive a payment within minutes of applying.

You may need to employ a little more patience when it comes to personal loans. While online automation considerably speeds up the process, these loans usually consist of large amounts and must be processed more carefully.

Free pre-approval application

Getting to the end of the loan application process before finding that you don't qualify can be frustrating. Lifestyle Financial nips this in the bud by letting you determine if you’re eligible before going through the whole application process.

They check your credit score, make sure you tick all the requirement boxes and assess your ability to afford repayment.

Pre-approval can make the rest of the application process simpler and faster. And the most significant benefit is that it’s obligation free and costs you nothing.

Lifestyle Financial Services

Personal loans are an excellent way to pay for both planned and unplanned expenses.

Whether you’re planning home renovations or a holiday at the coast, your loan can be structured to cover large expenses and still give you a bit of wiggle room.

Unsecured loans of up to R150,000

Apply for a personal loan of between R1,000 and R150,000 that can be repaid over a maximum of 5 years.

Responsible lenders only approve loans such as these if their assessment shows that it’s affordable in your circumstances.

Lifestyle Financial is an NCR-accredited lender, so the interest rates and fees they attach to your loan are strictly regulated. How much your loan costs depends on the loan term, how much you borrow, and your credit score. A detailed breakdown of your repayments will be provided before you sign an agreement.

Fantastic short-term loan options

If you’re in the market for loans with shorter terms and faster turnarounds, Lifestyle also offers microloans of up to R15,000 with a 12-month repayment term.

Microloans are a fast and affordable way to deal with unexpected emergencies like your fridge packing up or your car breaking down. To save on administration fees, you can choose a shorter loan term.

Affordable funeral cover for up to 8 people

Lifestyle Financial also offers comprehensive funeral insurance starting at R30 per month. Their policies pay out within 24 hours and cover everything from tombstones to catering. If your loved one needs to be moved back to the province of their birth, this policy will cover it at no extra cost.

You can also opt for additional benefits for an extra fee. Get emergency medical services for R14.50, HIV assistance for R5, and legal assistance for R11. Their goal is to cover all eventualities, so you don’t have to deal with more stress.

Lifestyle Financial – Personal loan

  • Loan Type Personal loans
  • Interest Rate from 23%
  • Loan Amount up to R150,000
  • Repayment 30 days to 60 months
  • Decision 24 hours

Benefits of Lifestyle Financial

  • Unsecured personal loans
  • Quick online loan application
  • Loan approvals within 24 hours

Personal loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Personal loans made easy by Lifestyle Financial

In three easy steps, you can get pre-approval on your loan from Lifestyle Financial.

Fill out the online form, upload your documentation, and agree to a credit check to start the process.

Documentation and qualification criteria

For your pre-qualification application to be considered, you must be a South African citizen between 18 and 64 years old. You’ll need to have been employed permanently with the same employer for the past 6 months. A bank account registered in your name is also required, as payments won’t be made to a third party.

Lifestyle Financial requires bank statements spanning the past 3 months, your most recent payslip, and a copy of your green barcoded ID. Your bank statement must also show that your salary is electronically transferred. Your application will be denied if you’re paid by ATM or cash deposit.

Fast, painless affordability and credit checks

Thanks to online technology, affordability and credit checks can be automated to make the process faster. These checks ensure you never get buried under a mountain of debt you can’t afford.

Your credit profile plays a notable role in a lender's determination of what interest they’ll charge on your loan. A bad credit score may indicate that you’re a high risk to the lender, and they’ll attach higher interest rates to your loan. It may be worth considering improving your credit score whenever possible before applying for a personal loan.

Why Lifestyle Financial customers keep coming back

They offer a customer protection plan, the option to switch your loan, and payment breaks along with their flexible repayment period.

Their service is centred around making the process fast, safe, and as accessible as possible for your peace of mind.

man holding thumbs up

Lifestyle Financial is a trusted & reliable provider of personal loans

In our review, Lifestyle Financial adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Lifestyle Financial is a registered credit provider in South Africa: NCRCP 2466

Customer Reviews & Testimonials

September 2022

A friend suggested Lifestyle Financial when I looked at ways to finance home renovations. I was impressed by how affordable their rates were.

Paula S
— Cape Town —

June 2022

I applied for a personal loan from Lifestyle Financial and was amazed at how simple they made the process. Their rates and fees were super affordable, and I got paid out much faster than expected...

Martha B
— Kimberly —

May 2022

Lifestyle Financial made my wedding possible. Their flexible repayment terms meant we could have our dream wedding without cutting corners. I wholeheartedly recommend their service.

Simphiwe N
— Durban —

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