Tag Archives: absa loan interest rates

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?

ABSA Personal Loans b65a2c86ABSA Personal Loans uh9v8i3o4a a aid a a bid b65a2c86

  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 Loan

ABSA Personal Loan is the convenient with lower interest rate, Absa personal loans are flexible: you can borrow from R3 000 to R150 000, and affordable repayment periods range from 12 to 84 months. 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.
For personal loans taken over 12 months or more, customers with up-to-date accounts will receive a 1% refund of the original loan value back into their loan account on the anniversary of the initial loan payout date.

Applying for a personal loan is quick and easy!

If you are an existing Absa customer, all you need to do is logon to your Internet Banking, click on “Apply” on the top tabbed navigation, and select “Personal Loan” from the menu that appears on the page. Simply enter your requirements, and you could have the money in your account in less than 10 minutes!

If you are a new Absa customer, all you need to do is apply online and complete the quick and easy form, or visit your nearest branch.

www.absa.co.za

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.