Seeking your recommendation...


If you’re seeking a convenient way to fund your personal expenses, look no further. ABSA Personal Loan offers a straightforward and flexible borrowing solution tailored to your needs.

Whether you’re planning a dream vacation, covering unexpected medical expenses, or consolidating your debts, we’ve got you covered.

With competitive interest rates and easy repayment terms, these personal loans provide you with the financial freedom you deserve.


About the bank/financial institution

ABSA Personal Loan is backed by ABSA Bank, a renowned financial institution committed to providing reliable and customer-centric financial services. As one of South Africa’s largest banks, ABSA Bank brings decades of expertise and a solid reputation to the table.

With a strong focus on customer satisfaction, ABSA Bank offers a wide range of banking products and services, including personal loans. Their commitment to transparency, competitive interest rates, and flexible repayment options sets them apart.

ABSA Bank’s experienced team of professionals is dedicated to guiding you through the loan process, ensuring your financial needs are met with efficiency and professionalism.


ABSA Personal Loan Features

ABSA Personal Loan offers a range of features designed to meet your financial needs conveniently:

  • Competitive Interest Rates: Enjoy competitive interest rates that suit your budget, helping you save on repayment costs.
  • Customized Repayment Terms: Choose a repayment period from 12 to 84 months, allowing you to manage your finances comfortably.
  • Quick and Convenient Application Process: Apply online or visit a branch to begin your loan application, with a straightforward process that saves you time and effort.
  • No Collateral Required: Benefit from an unsecured loan, eliminating the need to provide collateral or assets as security.

Benefits of ABSA Personal Loan

  • Financial Flexibility: Access funds for various purposes such as debt consolidation, home improvements, education expenses, or unforeseen medical bills.
  • Rapid Access to Funds: Once your loan is approved, receive the funds directly into your ABSA Bank account swiftly, enabling you to address your financial needs promptly.
  • Fixed Monthly Installments: Enjoy the convenience of fixed monthly installments, making it easier to budget and plan your finances effectively.
  • Transparent Fees and Charges: ABSA Bank ensures transparency by providing a clear breakdown of all associated fees and charges, allowing you to make informed financial decisions.
  • Professional Assistance: Count on ABSA Bank’s knowledgeable and friendly staff to guide you through the loan process, providing expert advice and assistance whenever required.

Who can apply?

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

How to simulate and apply for the loan?

To simulate an ABSA Personal Loan, follow these steps:

  • Determine the loan amount you require, ranging from ZAR 3,000 to ZAR 350,000.
  • Consider the desired repayment period, selecting between 12 to 84 months.
  • Use an online loan simulator or contact ABSA Bank to calculate the estimated monthly installment based on your chosen amount and repayment term.
  • Assess the interest rate and ensure it aligns with your budget.
  • Evaluate the total cost of the loan, including fees and charges.
  • Adjust the loan parameters if needed to find a suitable repayment plan.
  • Repeat the simulation with different scenarios to make an informed decision about your ABSA Personal Loan.

What are the rates and terms?

  • 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.

Is trustworthy?

Yes, ABSA Personal Loan is a reliable financing option. ABSA Bank, the financial institution backing the loan, is a reputable and well-established bank in South Africa.

With its extensive experience in the banking industry, ABSA Bank has gained the trust of customers nationwide.

The bank is committed to providing reliable financial services and has a solid track record of assisting customers with their borrowing needs. ABSA Personal Loan offers competitive interest rates, flexible repayment terms, and a transparent application process.

Is it worth applying for the ABSA Personal Loan?

Yes, ABSA Personal Loan is worth considering. It offers numerous benefits such as flexible loan amounts, competitive interest rates, and customized repayment terms.

This loan provides financial flexibility, allowing you to meet various needs such as debt consolidation, home improvements, or unexpected expenses. With a quick and convenient application process, you can access funds promptly.

The fixed monthly installments make budgeting easier, and transparent fees ensure you’re fully aware of the costs involved.

With ABSA Bank’s reputation and expertise, you can trust that this loan is worth it. It provides a reliable and trustworthy solution to fulfill your financial goals and needs.

Customer Support

For proper support and inquiries, ABSA Bank provides multiple ways to contact them. You can reach out by visiting a local branch, calling their customer service hotline, or accessing their website for online assistance.


We hope this information has been very useful to you. 

Thank you very much for reading us. 

Follow our website for more information on cards, loans and finance!