Rating based on 45 reviews


  • Consolidation loans up to R350,000
  • Low-interest starting from 17.5%
  • Repayment up to 84 months

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ABSA homepage
Author ABSA. Screenshot of ABSA website.
[Accessed January 24, 2023]

About ABSA

Overwhelming debt is a problem that is facing millions of South Africans and is an issue that cannot be solved overnight and therefore requires a well-thought-out plan.

At ABSA Bank they believe that proper evaluation of a customer's financial situation is key to the development of a suitable solution - if debt consolidation isn't right for you alternatives should always be considered.

Keeping your best interests at heart

Over the years they've been able to develop strong relationships with their customers who trust them to have their best interest at heart. From the staff that work for them to the customers that they so passionately serve they treat people like they deserve to be treated - with dignity, respect and compassion.  

ABSA Services

If you're looking for a personal loan that will enable you to finally take that family holiday or consolidate your debt to free up some of your monthly income ABSA offer you the country's most competitive products that will get you where you want to be - quickly and within your budget.

Borrow up to R300 000 and take control of your debt

With ABSA you can apply for a loan online and have your multiple unsecured debts consolidated into one, neatly packaged personal loan at an affordable interest rate with lower monthly payments. Their loans carry a maximum interest rate of 17.5% above prime and they offer flexible loan terms of up to 84 months.

ABSA – Consolidation loan

  • Loan Type Consolidation loans
  • Interest Rate from 17.5%
  • Loan Amount up to R350,000
  • Repayment 30 days to 84 months
  • Decision 72 hours

Benefits of ABSA

  • Tailor-made debt solutions
  • Reduce your debt
  • Expert debt counselling

At ABSA Bank they will help you find the right financial solution

If you have any questions or want to chat with them about consolidating debt please send them an email or call them during office hours and they will gladly assist you with speed, efficiency and expertise.

They have a team of skilled individuals who are waiting to help people like you get control over their finances. They can give you valuable advice on how you can start managing your debt effectively and help you begin your journey to becoming financially fit. With ABSA Bank you get professional service with a smile every time you bank, lender, transact or chat with them!

Apply for a loan online

Their fast loan application has been developed with simplicity and speed in mind. You can easily complete the online form in 10 minutes or less and then proceed to upload the required supporting documentation if any is required to finalise your application.  

What documents might you need to submit with your application?

The supporting documents you need to have with you include your valid South African ID document or Smart card, your proof of residence which can be in the form of a municipality or rates bill (this cannot be older than three months), and your last three payslips and bank statements of the last three months. If you're applying online and you don't have all the documents, don't worry because you can send them through at a later stage.

What do you need to apply?

You need to be at least 18 years old, have a bank account and be employed earning a regular monthly income of R2 000 or more. If you meet these requirements you can start your loan application and consolidate your debts today!

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ABSA is a trusted & reliable provider of consolidation loans

In our review, ABSA adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ ABSA is a registered credit provider in South Africa: NCRCP7

Customer Reviews & Testimonials

December 2018

ABSA's loans are so affordable and the service is simply impeccable

Eliyana A
— Cape Town —

December 2018

I applied for my loan online which saved me so much time and effort. ABSA makes it so easy

Charlie H
— Johannesburg —

February 2019

ABSA listens to you then gives you exactly what you need. They never disappoint

Isaac K
— Bloemfontein —

ABSA Contact

Physical Address

  • Canal Walk Century Blvd Cape Town Century City 7441 South Africa
  • Get Directions

Opening Hours

  • Monday 08:30 – 15:30
  • Tuesday 08:30 – 15:30
  • Wednesday 08:30 – 15:30
  • Thursday 08:30 – 15:30
  • Friday 08:30 – 15:30
  • Saturday 09:00 – 12:30
  • Sunday – Closed