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.

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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

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Credit Protection Plan

An affordable plan that settles the outstanding balance if you die, become permanently disabled or get a dreaded diseases.

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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.

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Existing customer

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What you need to know


An overdraft is a revolving credit facility loaded into your Cheque account. The facility gives you access to additional cash to cover any unplanned expenses and is reviewed every year. You should also make regular deposit into your Cheque account to keep the account up to date.

Repayment term:
An overdraft facility comes with a flexible repayment plan. You only pay a once off initiation fee of up to R1 207.50 on a new facility, a monthly service fee of R69.00 and monthly interest on 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. 

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
    • Get an optional Credit Protection Plan to settle the outstanding balance in case of death, disability, dread diseases or retrenchment
  • 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 three months)
    • Your latest payslips or three months' bank statements
  • Ways to apply

    Existing Customers:

    Log in to your online account today and apply.

    New to bank customers:

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Need more help?

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

Call us on:

0860 100 372