When you need some emergency cash or just decided to make that dream a reality, an Absa Overdraft facility with your cheque account could be the answer for you. Apply now and manage your cash flow.

With an overdraft, you can bank on the following:

Timely payments

Get immediate payment made into your account upon approval, and if you don't use it you don't pay for it.

Competitive interest rates

We offer the best interest rate in the market, which is tailor-made based on your risk profile.

How it works

Terms and conditions

 Claim forms

Manage my cash flow

Get an overdraft to help you manage your cash flow or cover any unexpected expenses. Apply now and avoid late payment penalties.

New to bank customer

Existing Customer

What you need to know

An overdraft is a revolving facility and it is reviewed each year. You only pay when you use up to the agreed limit of your facility and enjoy a safety net in case of an emergency. It is a convenient credit facility linked to your active Absa Cheque or transactional account that gives you the confidence to manage your personal finances. You can make regular deposits into your bank account and have enough funds for your needs.

Repayment term:
An overdraft facility comes with flexible repayment plan. You only pay interest for the portion of the overdraft limit that you used.

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. Customers also pay a monthly service fee of R69.00.

Credit Protection Plan:

The Credit Protection Plan will cover you in case of death, disability, critical illness or retrenchment. You can get cover to protect your loan or facility with Absa Life Limited or any other licensed life insurer. 


Applying is easy

Overdraft benefits:
  • An overdraft is linked to your Cheque account making it easy to track and manage transactions
  • Helps to maintain a good credit history by avoiding debit reversals due to insufficient funds
  • Ensures timely payments are made and avoid late payments penalties
  • You only pay interest for what you use
You need:
  • To earn a regular monthly income of at least R2 000 per month
  • To have a cheque account into which your monthly income is paid
  • To be 18 years or older
What to bring with you:
  • A valid South African ID document or Smart card
  • Proof of residential address such as a municipal or rates bill (not older than 3 months')
  • Your latest payslips or 3 months bank statements
Ways to apply:

Existing Customers:

Login to your online account today and apply

New to bank customers:


Need more help?

Let one of our consultants help you get the best loan for your needs.

Call us on:

0860 100 372