Easy, no hassle approval for your Personal Loan

Choose from our wide range of Personal Loans of up to R350 000 with flexible terms up to 84 months.

Switch your personal loan and save

Combine all your loans into one Personal Loan and save. You'll only be paying off one loan with the best interest rates guaranteed.

Best interest rates

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

How to apply and get your money fast

Apply right here or from any of our Digital Banking platforms, by visiting a branch or call us on 0860 100 321.

You will need the following documents:

• South African ID book or card
• Last three months payslips or bank statements
• Non-Absa customers also need proof of residence e.g. municipal or rates bill (not older than three months)
  

What you need to know

Do I qualify for a personal loan?

• 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?

Yes. We offer credit life insurance which is mandatory for all personal loans. With our Credit Protection Plan we cover you in the event of death, disability, critical illness, terminal illness or loss of income.

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

Compare our loans

Choose the best one for you.

Personal Loan

All-purpose borrowing, for both planned and unplanned expenses.

Amount
Up to R350 000

Repayment term
84 Months

Express Loan

The perfect solution if you need money and want to pay it back quickly!

Amount
R1 500 - R8 000

Repayment term
1-6 months

Instant Loan

Quick cash anytime, at any Absa ATM, Cellphone Banking or through Online Banking.

Amount
R350 - R8 000

Repayment term
Up to 35 days

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), starting from a minimum of 13,75% per annum.

Estimated interest repayment:
The estimated monthly repayment on a R50 000 loan taken over 36 months at an interest rate of 18% per annum would be R2 113*.
*Includes all service and initiation fees.

Credit Protection Plan:
The Absa Credit Protection Plan will cover you in the event of death, disability, critical illness, terminal illness or loss of income. Credit life insurance is mandatory for all personal loans.