Set your plans in motion. Choose the loan you want

 

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

Minimum and maximum periods of repayment up to 35 days

The amount to repay within 35 days for an instant loan taken for R550 at an initiation fee of 10% would be R55 (exc Vat). T/C apply.

  • A 10% of initiation fee is not applicable 
  •  A good credit record 
  • A regular monthly income of R250 or more
  • Have an Absa bank account into which your monthly salary is paid
  • You must be 18 years of age or older
  • If you are provisionally approved, we don’t need additional documents. 
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Express Loan
R1 500 - R8 000

Minimum and maximum periods of repayment: 2 to 6 months

The monthly instalment on a R5000 loan over 6 months at 5% per month would be R1180. T/C apply.

  • 5% for first time loan taken or 3% if the loan is taken in the same calendar year
  • You need to earn a regular monthly income of R1 500 or more
  • Have an Absa bank account into which your monthly salary is paid
  • You must be 18 years of age or older
  • South African ID document or Smart card
  • A proof of residential address such as a municipality or rates bill
  • Your last 3 months’ payslips
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Personal Loan
R3 000 - R350 000

Minimum and maximum periods of repayment: 12 to 84 months

The monthly instalment on a R50 000 loan taken over 36 months at 21% would be R1997. This includes service fees of R68.40 and initiation fees of R1197.00. T/C apply.

  • An annual prime interest rate of +17.5% 
  • A regular monthly income of R2 000 or more
  • Have a bank account into which your monthly salary is paid
  • You must be 18 years of age or older
  • A valid South African ID document or Smart card
  • A proof of residential address such as a municipality or rates bill
  • Your last 3 months’ payslips
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Loan amount
Repayment term
Interest rate
What you need 
What to bring
Overdraft
R250 - R250 000

Repayment term is infinite

On an overdraft limit of R15 000 where R8000 of the overdraft limit is used, the interest charged on the limit is R100 at an interest rate of 15%. Total costs over a 12-month period would amount to R2020.80, including service fees.

  • An annual prime interest rate of +10.5%
  • You need to earn a monthly income of R2 000 or more per month
  • Has an infinite repayment term
  • Maximum annual interest rate (APR): Prime  +10.5%
  • A valid South African ID document or Smart card
  • A proof of residence 
  • Your latest payslip
  • Your 3 months’ bank statements (if you not an Absa customer)
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Revolving Credit Facility
R15 000 - R150 000

Repayment term is infinite

 An instalment of R1430 can be expected for a revolving credit facility taken for R50 000.

  • An annual prime interest rate of +10.5% 
  • A regular monthly income of R8 000 or more
  • Have an Absa bank account into which your monthly salary is paid
  • You must be 18 years of age or older
  • A valid South African ID document or Smart card
  • A proof of residential address such as a municipality or rates bill
Tell me more