Set your plans in motion. Choose the loan you want

 

 
Loan amount
Repayment term
Estimated monthly repayment amount
Interest rate
What you need
What to bring
 
Instant Loan
R250 - R3 000

Up to 35 days

The estimated repayment amount for a R550 Instant Loan taken at an initiation fee of 10% (excluding VAT) would be R605.

  • No interest rate is charged but a 10% initiation fee (excluding VAT) will be charged.
  • A regular monthly income of R250 or more
  • An Absa bank account into which your salary is paid
  • You must be 18 years or older
 
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Express Loan
R1 500 - R8 000
From 2 to 6 months

The estimated monthly instalment on a R5 000 loan over 6 months at an interest rate of 5% per month would be R1 180*.

*includes monthly service fee and once-off initiation fee.

  • Absa guarantees the best interest rate in the market.
  • A regular monthly income of R2 000 or more
  • A bank account into which your salary is paid
  • You must be 18 years or older
  • South African identity document
  • Proof of residential address such as a municipality bill
  • Latest 3 payslips or latest 3 months’ bank statements (if you do not have a transactional account with Absa)
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Personal Loan
R3 000 - R350 000
From 12 to 84 months

The estimated monthly instalment on a R50 000 loan taken over 36 months at an interest rate of 21% per month would be R1 997*.

*includes monthly service fee and once-off initiation fee.

  • Absa guarantees the best interest rate in the market.
  • A regular monthly income of R2 000 or more
  • A bank account into which your salary is paid
  • You must be 18 years or older
  • South African identity document
  • Proof of residential address such as a municipality bill
  • Latest 3 payslips or latest 3 months’ bank statements (if you do not have a transactional account with Absa)
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Loan amount
Repayment term
Estimated monthly repayment amount
Interest rate
What you need 
What to bring
Overdraft
R250 - R250 000
This product is a revolving facility and is reviewed each year

The estimated monthly interest repayment for an overdraft limit of R15 000 at an interest rate of 15% per month where R8 000 of the limit is used is R100.

  • Absa guarantees the best interest rate in the market.
  • A regular monthly income of R2 000 or more
  • An Absa bank account into which your salary is paid
  • You must be 18 years or older
  • South African identity document
  • Proof of residential address such as a municipality bill
  • Latest payslip
  • Latest 3 months’ bank statements (if you are not an Absa customer)
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Revolving Credit Facility
R15 000 - R150 000
This product is a revolving facility and is reviewed each year

An instalment of R1 430 can be expected for a revolving credit facility taken for R50 000.

  • Absa guarantees the best interest rate in the market.
  • A regular monthly income of R8 000 or more
  • An Absa bank account into which your salary is paid
  • You must be 18 years or older
  • South African identity document
  • Proof of residential address such as a municipality bill
  • Latest 3 payslips or latest 3 months’ bank statements (if you do not have a transactional account with Absa)
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Switch and save
R15 000 - R350 000
12 - 84 months

The estimated monthly instalment on a R50 000 loan taken over 36 months at an interest rate of 21% would be R1997”. *Includes monthly service fee and once-off initiation fee

  • Absa guarantees the best interest rate in the market.
  • Get the settlement amount of your loan from your lender
  • Bring your settlement letter to us
  • South African identity document
  • Proof of residential address such as a municipality bill
  • Latest 3 payslips or latest 3 months’ bank statements (if you do not have a transactional account with Absa)
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