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:

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Timely payments

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

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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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Shield
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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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 loss of income

  • 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

    If you‘re an Absa customer

    Absa Online

    • On the Absa website, click the ‘Log in’ button on the top right of your screen
    • Click ‘Next’ to log in to your Online Banking account
    • Click ‘Offers’ on the side menu
    • Click ‘Transactional solutions’
    • Click the plus sign next to ‘Overdraft facility’, then click ‘Continue’
    • You will be directed to a secure site to complete your application

    Absa Banking App

    • Log in to your Banking App
    • Tap ‘Offers’
    • Select the ‘Overdraft’ tile
    • Follow the instructions to complete your application

    If you’re not an Absa customer

     

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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