Whenever you need some emergency cash or just decide to make that dream a reality, an Absa Overdraft with your Cheque account could be the answer.

What account do you want an overdraft on?

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Gold Value Bundle

If you earn a minimum income of R10 000 per month

For only R98 pm

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Premium Banking

If you earn a minimum income of R25 000 per month

For only R159 pm

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Flexi Value Bundle

If you earn a minimum income of R3 000 per month

For only R55 pm

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Private Banking Exceller Package

If you earn a minimum income of R62 500 per month

For only R399 pm

Apply now

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Gold Graduate

Specially created for your needs when you enter the working world

For only R49 pm

Apply now

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Already have a cheque account and an Internet banking profile?

Login and apply now

With an overdraft you can bank on the following

Ensures timely payments are made

Cover any shortfalls in your account or monthly cash flow, up to an agreed limit.

Personalised interest

We tailor-make the interest rates based on your individual risk profile.

How it works

Terms and Conditions

 Claim forms

We offer affordable Credit Protection Plans

An affordable plan that settles the outstanding balance if you die, become permanently disabled or get one of the dread diseases.

Manage my debt

 Let’s help you during these tough economic times, and advice on how to effectively manage your debt.

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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.

To get your overdraft

You need to:
  • Earn R2 000 or more a month
  • Have an Absa cheque account or be in the process of applying for one
  • Have your spouse’s consent to apply if you are married in community of property
How it works:
  • The overdraft is a revolving facility and it is reviewed each year.
  • The overdraft facility is always available for the customer to use up to the agreed limit.
  • To ensure that customers always have enough funds, it is recommended that regular deposits are made into their bank account, preferably their salary.
  • Customers only pay interests for the portion of the overdraft limit they used. Customers also pay a monthly service fee of R68.40.
  • Customers have the flexibility to increase or decrease their overdraft limit depending on their needs at any time.
Bring the following:
  • A valid South African ID document or card
  • Valid passport if you are a temporary resident
  • Three months’ payslip or three months’ bank statements
  • Proof of your residential address such as a municipality or rates bill
Overdraft benefits:
  • An overdraft is linked to your Cheque account making it easy to track and manage
  • 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 also get an optional Credit Protection Plan to settle the outstanding balance in case of death, disability or retrenchment
Go online

Logon to your Absa Online account and apply for an overdraft or visit your nearest Absa branch.

You can also contact us on 0860 100 372 (Monday to Friday 08:00 - 18:00 and Saturday 08:00 - 13:00).


Need more help?

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

Call us on:

0860 100 372