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Express loan — quick access to a short-term loan

When you need money and want to pay it back quickly, our Express loan is the perfect solution for you. It’s an unsecured short-term loan with a fixed repayment term of up to six months. If you earn a regular monthly income, you can get a loan amount ranging between R1 500 and R8 000.

Why an Express loan?

Build a good credit record

Get access to funds quickly for a short period and also build a good credit record with easy repayments via debit order.

Effective budget planning

The interest rate on the Absa Express Loan is fixed. This means that even if interest rates change, your instalment will remain the same.

Short term, more benefits

The right loan for unforeseen emergency expenses or for a quick weekend breakaway.

Everything you need with an Express Loan

What you need to apply
A valid South African ID document or Smart ID Card

You must be 18 years or older

Proof of residential address such as a municipal or rates bill and cellphone statement

Your last three months’ payslips or bank statements showing a minimum monthly income of R1 500

A transactional account with Absa or any other bank, active for three months or more
How it works
Minimum repayment term of two months and maximum of six months.

Maximum monthly interest rate (APR): 5% for first time loan taken or 3% if the loan is taken in the same calendar year. Services fees and initiation fees apply.

The monthly instalment on a R5 000 loan over six months at 5% per month would be R1 200. Terms and conditions apply.

Credit protection is required and will cover you in case of death, disability, critical and illness. You can get cover to protect your loan with Absa Life Limited or any other licensed life insurer.
Where to apply
Existing customer can apply online

Apply at any Absa branch

Calculate Compare loan

Need more help?

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

Call us on:

0860 100 372

Visit your nearest branch