Updated September 28, 2026 · BorrowCue Editorial Team
Discovery Bank vs Super Finance Markets
What sets them apart
| Compare |  Discovery Bank |  Super Finance Markets |
|---|---|---|
| Loan amount | ZAR 15,000 to ZAR 500,000 | A$100,000 to A$3,000,000 |
| Term | 6 to 72 monthsHigher | 3 to 24 months |
| Arrangement fee | Once-off credit initiation fee set by National Credit Act guidelines (amount confirmed in offer), plus R69 monthly credit service fee | 0 AUD (no application fee) |
| Credit check | Hard | None |
| Funding time | within 48 hours | Approval in 48 hours, funds disbursed in 10 business days |
| Rate type | Variable | Fixed |
| Loan types | Personal, Credit line | Business, Secured |
| Credit needed | Good | Poor |
| APR | Not confirmed | 0.6% to 0.85% |
| Free early repayment | Yes | Not confirmed |
| Eligibility | 18 years or older, valid South African identity document, proof of residence not older than three months, proof of income | Not confirmed |
| Use cases | Home improvement | Not confirmed |
Same on both: Lender type (Direct lender).
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Key differences
- Discovery Bank scores higher overall: 9.2 vs 9.0.
- Term is higher at Discovery Bank: 6 to 72 months vs 3 to 24 months.
- Support channels: only Discovery Bank offers Help centre.
- Support channels: only Super Finance Markets offers Email.
- Loan types: only Discovery Bank offers Personal, Credit line.
- Loan types: only Super Finance Markets offers Business, Secured.
Our verdict on each
Discovery Bank
Discovery Bank suits South African adults with a good credit record who want a personal loan or a revolving credit line from a direct lender, and it holds up well for anyone who plans to clear a loan early.
Super Finance Markets
Super Finance Markets suits Australian borrowers who need secured or business lending and can manage a short term at a high stated cost of borrowing. It charges no application fee, but the rate of 0.6% to 0.85% means the repayment must be planned carefully, and any surplus on the deal is the borrower's own risk.
Score breakdown
| Area | Discovery Bank | Super Finance Markets |
|---|---|---|
| Cost | 9.2 | 9.7HigherAnnual cost of borrowing runs 0.6% to 0.85% with an application fee of 0 AUD (no application fee). |
| Offer | 9.1Higher | 8.5Purpose covers purchase, remortgage and equity release on fixed rates, with a term of 3 to 24 and no credit check. |
| Trust | 9.2Higher | 8.6 |
Also worth a look
Sofkredit has term at 6 to 240 months, against 6 to 72 months for Discovery Bank and 3 to 24 months for Super Finance Markets.
Sofkredit reviewWhat we checked
Discovery Bank
- discovery.co.za: 16 facts, checked September 26, 2026
Super Finance Markets
- supercredit.com.au: 15 facts, checked September 26, 2026
How they place
| Ranking | Discovery Bank | Super Finance Markets |
|---|---|---|
| Mortgages | 124 of 719 | 268 of 719 |
| Remortgage deals | 86 of 351 | 194 of 351 |
| Equity release | 6 of 32 | 15 of 32 |
Every fact side by side
| Fact | Discovery Bank | Super Finance Markets |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Credit line | Not confirmed |
| Legal entity | Discovery Bank Limited | Super Finance Markets Pty Ltd |
| Headquarters | South Africa | Australia |
| Founded | Not confirmed | 2018 |
| Support channels | Chat, Phone, Help centre | Email, Chat, Phone |
Mortgages
| Fact | Discovery Bank | Super Finance Markets |
|---|---|---|
| Initial rate | Not confirmed | 0.6% |
| Fixed period | 30 yearsHigher | 0.25 to 2 years |
| Maximum loan to value | 100%Higher | 75% |
| Product fee | ZAR 6,037.50 | A$0 |
| Purpose | Purchase, Remortgage, First time buyer, Equity release | Purchase, Remortgage, Equity release, Home equity |
Where each stands against the rest
| Fact | Discovery Bank | Super Finance Markets | Median |
|---|---|---|---|
| APR | Not confirmed | 0.6% to 0.85%lowest quarter | 8.99 |
| Term | 6 to 72 monthsabove the median | 3 to 24 monthslowest quarter | 60 |
Median across 1005 listed lenders.
Pros and cons
Discovery Bank
Pros
- Free early repayment: settling a personal loan early adds no charge, which is true of 81.2% of the listings.
- Lending runs ZAR 15,000 to ZAR 500,000, well past Monzo Flex at £10,000 to £35,000 and Cashspace ES at €100 to €5,000.
- A personal loan and a revolving credit line sit with the same lender (personal and credit line), so a staged home improvement draws only what the work needs.
Cons
- A variable rate leaves the final cost open until rates move, and the field leans the other way at 80.5%.
- The credit check is hard and the record needed is good, so a thin file has to clear a full assessment before an offer.
- The arrangement fee adds a monthly credit service fee on top of the once-off credit initiation fee, so a small balance still carries a monthly charge.
Super Finance Markets
Pros
- No application fee at all, recorded as 0 AUD (no application fee)
- No credit check, and the lender caters to applicants with poor credit
- Fixed rates held for 0.25 to 2 keep the repayment predictable
Cons
- A cost of borrowing of 0.6% to 0.85% is high, so the monthly repayment needs checking against budget
- The term of 3 to 24 is short for a home loan
- The maximum loan to value of 75% sits below the 90% typical of the wider mortgage market
Who each suits
Discovery Bank
Who it suits
- South African adults with a good credit record who can show a valid identity document, recent proof of residence and proof of income.
- Borrowers funding home improvements who want a revolving credit line for staged work as well as a personal loan.
- Homebuyers, since lending covers purchase, remortgage and first time buyer and a home loan runs to 100%.
Who should look elsewhere
- Anyone after a small one-off sum: Cashspace ES runs €100 to €5,000 and Cashspace runs PHP 500 to PHP 25,000, both far below ZAR 15,000 to ZAR 500,000.
- Borrowers who need a fixed rate to plan ahead: Discovery Bank is variable while 80.5% of the listings are fixed.
- Borrowers outside a single market: the bank is based in South Africa, so Monzo Flex at £10,000 to £35,000 suits a sterling customer better.
Super Finance Markets
Who it suits
- Borrowers in Australia whose credit file is in poor shape
- Businesses needing a short fixed term loan
- Anyone covering 75% with equity who wants no application fee
Who should look elsewhere
- First time buyers, since the term runs 3 to 24
- Long term borrowers put off by the rate of 0.6% to 0.85%
Current offers
Discovery Bank
Current offer
Bonus
Join Discovery Bank and get 75% off Virgin Active gym fees: 75% off Virgin Active gym fees
Add Vitality; applies to a local club membership; terms and conditions apply
Source, checked September 26, 2026
Bonus
Save up to 5% on your monthly personal loan repayments: up to 5% interest rate discount on personal loans
Limited offer; discount set by Vitality Money status at application and fixed for the full loan term; terms and conditions apply
Source, checked September 26, 2026
Country by country
| Country | Discovery Bank | Super Finance Markets |
|---|---|---|
| Australia | No | Yes |
| South Africa | Yes | No |
Questions about each
Discovery Bank
Who regulates Discovery Bank, and does that protect the loan?+
Discovery Bank is authorised as an authorised financial services provider by the Financial Services Conduct Authority under FSP48657, and registered as a credit provider with the National Credit Regulator under NCRCP9997. Lending is direct, so the bank is the counterparty on the balance. Ask the bank directly what applies to a loan in good standing.
How quickly is a Discovery Bank personal loan funded?+
Money is released within 48 hours of the application being approved. Terms run 6 to 72 and the amount runs ZAR 15,000 to ZAR 500,000, so a home improvement can be covered in one draw once the paperwork is in. Applications ask for proof of income and recent proof of residence, which adds handling time before the clock starts.
Super Finance Markets
What rate does Super Finance Markets charge?+
The cost of borrowing is 0.6% to 0.85%, and the initial rate is 0.6%. The 0.6% to 0.85% figure is the one to plan around, since it reflects the full cost of the credit rather than a headline offer. Payments sit on a fixed rate for 0.25 to 2.
Are there any fees to open the loan?+
The application fee is 0 AUD (no application fee), so nothing is charged for taking an application forward. There is also a product fee recorded on the same terms, which keeps the upfront cost minimal. The ongoing cost of borrowing of 0.6% to 0.85% is the part that shapes the repayment.