How to apply and get your money fast

All you need is

  • Your ID book or card
  • Proof of residence (not older than 3 months)
  • Last 3 months payslips or bank statements

You can apply online, through a branch or by calling our call centre.

We've got the personal loan for you

Flexible amounts and repayments

The widest range of personal loans up to R350 000 with terms up to 84 months.

Calculate my repayments

Switch your personal loan and save

With a consolidated loan facility, we can help you save money with one installment and a low interest rate, guaranteed.

Best interest rates

If you’re offered a lower interest rate anywhere else we will beat it - guaranteed.

What you need to know

  • Do I qualify for a personal loan?

    To apply for a personal loan over 12 months or more, you need to:

    • earn a regular monthly income of at least R2 000 per month
    • have a bank account into which your income is paid
    • be 18 years or older

    To apply for a smaller personal loan over 2 to 6 months, you need to:

    • earn a regular monthly income of at least R1 500 per month
    • have an active Absa bank account into which your income is paid
    • be 18 years or older
  • You may have a provisional personal loan offer

    If you’re already an Absa customer you may have a provisional loan offer available. You can see if you qualify now online.

  • Do I need Credit Protection if I apply for a loan?

    Credit protection is a requirement of taking out an Absa Personal Loan, however you may either make use of the Absa Credit Protection Plan offered as part of your application, or your own existing credit life plan provided it remains in effect for the duration of the loan agreement.

  • How does Price Guarantee work?

    If you are offered a lower interest rate elsewhere, we’ll better it!

    How it works

    Terms and conditions

    Claim form

What could my loan instalment be?

Repayment term:
From 12 to 84 months (from 2 months for current Absa customers)

Interest rate:
Personalised Annual Percentage Interest Rate (APR), up to the maximum of prime +17,5%.

Estimated interest repayment:
The estimated monthly repayment on a R50 000 loan taken over 36 months at an interest rate of 21% per month would be R1 998*.
*Includes all service and initiation fees.

Credit Protection Plan:
A Credit Protection Plan will make sure your loan is paid in case of death, disability, critical illness or retrenchment.
Credit protection is required in order to apply for a personal loan, which can either be an Absa Credit Plan or your own plan.

Calculate my instalment

Personal loan

Switch your personal loan to us and save!

Bring your personal loan to Absa and get the lowest interest rate, guaranteed.

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Need more help?

Call us on: 0860 100 372

Visit your nearest branch