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ABSA Personal Loans

Whether you want to give your lifestyle a boost or have an unexpected expense to deal with, a Personal Loan from Absa is the cost-effective way of making it happen.

A Personal Loan is an excellent way of financing a planned or unplanned event. You enjoy immediate access to the entire loan amount and can negotiate repayment terms to suit your needs and budget.


A Personal Loan could be the right choice if you:

  • Need to access R3 000 to R150 000 quickly, with variable and fixed monthly repayment options and up to 84 months to pay
  • Are a South African citizen or permanent resident, 18 years or older, with a valid identity document
  • Receive a minimum income of R2 000 a month
  • Have a bank account into which your salary is deposited
  • Have proof of your current residential address, such as a municipality or rates bill
  • For personal loans below R 15,000: fixed monthly repayments and up to 60 months to pay.
  • For personal loans above R 15,000: variable monthly repayments, linked to prime and up to 84 months to pay.
  • For personal loans over R 30,000: you qualify for a longer repayment term of more than 60 months.

Rates & Fees

  • Competitive interest rates which are determined by your individual risk profile.
  • Initiation fee will be charged on all new personal loans based an individual risk profile.
  • Monthly service fee will be charged on all loans.

How do you qualify for Personal Loan from Absa?

  1. To apply you must be either a South African citizen or permanent resident and be in possession of a valid Identity Document and 18 years or older.
  2. You must have minimum income of R2, 000 per month and hold a valid bank account into which your salary is deposited.
  3. Proof of current residential address, e.g. electricity or cell phone statement, etc.

 

ABSA Personal Loans

Whether you want to give your lifestyle a boost or have an unexpected expense to deal with, a Personal Loan from Absa is the cost-effective way of making it happen.

A Personal Loan is an excellent way of financing a planned or unplanned event. You enjoy immediate access to the entire loan amount and can negotiate repayment terms to suit your needs and budget.


A Personal Loan could be the right choice if you:

  • Need to access R3 000 to R150 000 quickly, with variable and fixed monthly repayment options and up to 84 months to pay
  • Are a South African citizen or permanent resident, 18 years or older, with a valid identity document
  • Receive a minimum income of R2 000 a month
  • Have a bank account into which your salary is deposited
  • Have proof of your current residential address, such as a municipality or rates bill
  • For personal loans below R 15,000: fixed monthly repayments and up to 60 months to pay.
  • For personal loans above R 15,000: variable monthly repayments, linked to prime and up to 84 months to pay.
  • For personal loans over R 30,000: you qualify for a longer repayment term of more than 60 months.

Rates & Fees

  • Competitive interest rates which are determined by your individual risk profile.
  • Initiation fee will be charged on all new personal loans based an individual risk profile.
  • Monthly service fee will be charged on all loans.

How do you qualify for Personal Loan from Absa?

  1. To apply you must be either a South African citizen or permanent resident and be in possession of a valid Identity Document and 18 years or older.
  2. You must have minimum income of R2, 000 per month and hold a valid bank account into which your salary is deposited.
  3. Proof of current residential address, e.g. electricity or cell phone statement, etc.