Make your dreams a reality with the right loan

Here's what you get with us:

A price guarantee
A price guarantee

If you take out an Absa Personal Loan, Revolving Credit Facility or Study Loan and find a lower interest rate elsewhere, we’ll beat it.

How it works

Terms and conditions

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Provisional approval on a personal loan
Provisional approval

If you're already banking with us you may be provisionally approved for a personal loan. To view your credit limits, register or logon to Absa Online.

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Personal loans up to R350 000
Personal loans up to R350 000

We can give you a loan from as little as R250 up to R350 000 with payment options tailor made for you.

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Live free. Do it all. Prosper

Live free. Do it all. Prosper

With a personal loan you have endless possibilities

Absa Personal Loan
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%.

 

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Apply online

Apply online

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Absa Overdraft
Overdraft

Maintain a good cash flow by always having access to additional funds in your cheque account.

You need to earn a monthly income of R2 000 or more per month.
Has an infinite term
Maximum annual interest rate (APR): Prime +10.5%.

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Apply online

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Revolving Credit Facility
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%.

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Express Loan
Express loan

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.

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Instant Loan
Instant loan

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.

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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.

Know the costs
Know the costs 

Use our calculator to estimate your monthly instalments.

Calculate the cost of your loan

What's your budget like?
What's your budget like?

When you apply for a personal loan you must be able to provide a detailed breakdown of your income and expenses. We need this to determine the loan repayment you can afford.

Think about the following too

  • Start to build your credit record

    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.

  • The way we see it when giving credit

    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.

  • Credit protection

    Our Credit Protection Plan can protect you and your family against a burden in case of death, temporary disability, disability or death.

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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)

Need more help?

Let one of our consultants help you switch.

Call us on:

0860 100 372

Visit your nearest branch