Make your dreams a reality with the right loan
Here's what you get with us:
Live free. Do it all. Prosper
With a personal loan you have endless possibilities
Absa Personal Loan
You don't have to wait to set your plans in motion.
We can help you with a loan up to R350 000.
Minimum and maximum period of repayment ranges from 1 to 84 months.
Maximum annual interest rate (APR): Prime +17.5%.
Revolving Credit Facility
You can access additional funds whenever you need them without the hassle of having to re-apply each time.
You need to earn a monthly income of R8 000 or more per month.
Has an infinite term.
Maximum annual interest rate (APR): Prime +10.5%.
Need funds from R1 500 - R8 000 that you can pay back over 6 months? Get an Express loan.
You need to earn a monthly income of R1 500 or more per month.
Minimum and maximum period of repayment ranges from 2 to 6 months.
Maximum annual interest rate (APR): Prime 5% for first time loan applicants.
When you bank with us, you could be pre-qualified for an Instant loan anytime, at any ATM and on Absa Online.
Borrow anything from R250 up to R5 000.
You need to earn a regular monthly income of R250 or more per month.
Maximum periods of payment up to 35 days.
A once-off initiation fee of 10% will apply.
To borrow or not to borrow...
A loan can be a great tool to help you achieve your goals. Before you make a decision, here are some tips that will help you decide if it’s right for you.
Think about the following too
Maintaining a good credit history is important as it reflects on your credit score which in turn usually impacts on your financial future.
To better manage your credit record, make sure you are in the loop concerning your creditworthiness (an indication of the likelihood that a borrower will default in paying back a loan). Also understand your credit score and credit report.
We assess your affordability based on your monthly income and expenses to make sure you can afford the loan repayments. We also evaluate your credit profile to understand your past payment behaviour.
Switching your personal loan to us is easy
Here’s what you need to do
- Get the settlement amount of your loan from your lender
- Bring your settlement letter to us, as well as the following documents:
- Your original SA identity document
- Proof of residence
- Latest payslip
- Latest 3 months' bank statements (if you are not an Absa transactional customer)