With a simple and straightforward application process, this loan offers you the flexibility to borrow funds for various purposes, such as consolidating debts, covering unexpected expenses, or pursuing personal goals.

The loan amount ranges from R1,000 to R350,000, and the repayment terms are flexible, allowing you to choose a duration that suits your budget. African Bank offers competitive interest rates and transparent fees, ensuring that you can manage your loan efficiently.

About the bank/financial institution

The African Bank, a reputable financial institution in South Africa, is the provider of the African Bank Personal Loan.


Established in 2014, African Bank specializes in offering a wide range of financial products and services to individuals across the country.

As a trusted lender, African Bank prioritizes customer satisfaction by ensuring a seamless and efficient loan application process. With a strong emphasis on responsible lending, they assess each applicant’s financial situation and tailor loan terms accordingly.

African Bank is known for its competitive interest rates, transparent fee structure, and flexible repayment options.


African Bank Personal Loan Features

The African Bank Personal Loan offers a range of features and benefits tailored to meet your financial needs. Here are the key highlights:

Loan Features

  • Loan Amount: Borrow from R1,000 to R350,000, providing you with the flexibility to access the funds you require.
  • Flexible Repayment Terms: Choose a repayment period that suits your budget and financial goals, with terms ranging from 3 to 72 months.
  • Simple Application Process: Applying for the loan is quick and straightforward, saving you time and effort.
  • Competitive Interest Rates: Benefit from competitive interest rates that help keep your repayments affordable.
  • Transparent Fees: African Bank ensures transparency by providing clear information about any applicable fees associated with the loan.


  • Financial Flexibility: Use the loan amount for various purposes, such as debt consolidation, home improvements, education expenses, or even a dream vacation.
  • Convenient Access to Funds: Once your loan is approved, the funds are deposited directly into your bank account, offering convenient access to the money you need.
  • Budget Management: With fixed monthly repayments, you can easily plan and manage your budget, ensuring timely repayments.
  • Personalized Solutions: African Bank assesses your unique financial circumstances to provide loan terms that align with your needs and affordability.
  • Credit Score Improvement: Responsible repayment of the loan can positively impact your credit score, opening doors to better financial opportunities in the future.

Who can apply?

To apply for the African Bank Personal Loan, you need to meet certain requirements:

  • You must be over 18 to apply for a Loan
  • Most recent proof of income e.g. latest payslip
  • A valid South African ID document.
  • A good credit history and affordability assessment.
  • Latest 3 months bank statements, reflecting 3 salary deposits

How to simulate and apply for the loan?

To simulate the African Bank Personal Loan, follow these steps:

  • Determine the loan amount you require, keeping in mind your financial needs.
  • Visit the African Bank website or contact their customer service to access their loan calculator.
  • Enter the loan amount and desired repayment period into the loan calculator.
  • The calculator will generate an estimate of your monthly repayment amount, including interest and fees.
  • Adjust the loan amount or repayment period to find a monthly payment that fits your budget.
  • Repeat the process until you find a simulation that suits your needs.

What are the rates and terms?

  • Personal Loans up to R350.000
  • Payment options range from 7-72 months.
  • Interest rate (APR) from 15% to 24.50%
  • Insurance rate from 5.04% to 5.4%

Is trustworthy?

Yes, the African Bank Personal Loan is a reliable option for individuals in South Africa. African Bank is a well-established financial institution known for its commitment to responsible lending and customer satisfaction.

They have been providing financial solutions since 2014 and have built a strong reputation in the industry.

With competitive interest rates, transparent fees, and a straightforward application process, African Bank ensures a reliable and trustworthy borrowing experience.

Their personalized loan terms and flexible repayment options further enhance the reliability of the loan, allowing borrowers to manage their finances effectively.

Is it worth applying for the African Bank Personal Loan?

Yes, the African Bank Personal Loan is worth considering for individuals in South Africa. With its competitive interest rates, transparent fee structure, and flexible repayment terms, this loan provides value and convenience.

Whether you need to consolidate debts, cover unexpected expenses, or pursue personal goals, the African Bank Personal Loan offers a reliable financial solution. The loan is backed by a reputable financial institution with a strong track record in the industry.

By accessing the funds you need and managing your repayments responsibly, this loan can help you achieve your financial objectives and improve your credit score. It’s a worthwhile option to explore for meeting your borrowing needs effectively.

Customer Support

To seek proper support or ask questions about the African Bank Personal Loan, you can contact the bank through the following channels:

  • Customer Service Helpline: Dial the provided customer service phone number to speak with a representative.
  • Website: Visit the African Bank website to access online support and find relevant contact information.
  • Email: Send an email to the designated customer support email address for assistance.
  • Branch Visits: Visit a local African Bank branch to receive in-person support and guidance.

We hope this information has been very useful to you.

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