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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Personal loans up to R350 000
Switch your loan and save

Switch your personal loan to Absa and get the best interest rate in the market.

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Live free. Do it all. Prosper

Live free. Do it all. Prosper

With a personal loan you have endless possibilities

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.

You need to earn a monthly income of R2 000 or more.

What you need to know

Repayment term:
Minimum: 12 months
Maximum: 84 months

Interest rate:
Personalised annual percentage interest rate (APR), up to the maximum of prime +17.5%.

Estimated interest repayment:
The estimated monthly repayment 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.

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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.

What you need to know

Repayment term:
Minimum: 12 months
Maximum: The term is infinite

Interest rate:
Personalised annual percentage interest rate (APR), up to the maximum of Prime +10.5%

Estimated interest repayment:
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 overdraft limit has been used is R100.

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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.

What you need to know

Repayment term:
Minimum: 12 months
Maximum: The term is infinite

Interest rate:
Personalised annual percentage interest rate (APR), up to the maximum of prime +10.5%.

Estimated interest repayment:
A monthly repayment of at least R1 319 can be expected for a revolving credit facility taken for R50 000.

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

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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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