Rating based on 45 reviews

Absa Personal Loan

  • Personal loans up to R350,000
  • Low-interest starting from 14%
  • Repayment up to 84 months

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Absa homepage
Author Absa. Screenshot of Absa website.
[Accessed January 19, 2023]

About Absa

Absa bank, where personal loans are easy to obtain.

As a large banking corporation with major international partnerships, they are able to offer South Africans the latest, most advanced banking and lending products with an infrastructure that's second to none.

Whether it's an everyday banking account or a large personal loan they offer you only the best.

Who they are

Being a truly African brand, they are proud to have branches all over Africa, the UK, America as well as the Czech Republic.

They strongly believe in growth and equality and have worked hard over the years to bring forth creative ways to empower people and make solutions possible for everyone. Helping people is their passion. So, with them, you will be treated like a person and not just a number.

A large product and service range

They're one of the most popular and respected banks in South Africa and offer customers low-rate home loans, flexible car finance and personal loans, investment and savings accounts as well as credit cards, and many other useful and competitive services such as Forex and international money transfers.

Absa Services

ABSA offers personal loans that range from R250 - which you can get instantly as an existing customer to large loans of up to R350,000 - which can be used for financing a motor vehicle.

Their loan terms range from 30 days to 84 months and you can apply for a loan online via their banking and lending platform.

Get an express loan within just minutes

Their loans are certainly all-purpose and can be used for anything - no matter how small or big.

From buying that bike that you've dreamed of owning to painting the interior and exterior of your home. Their fast loans are suitable for just about anything and range between R1,500 and R8,000.

Take your future into your own hands

Planning for your future can be a daunting process. The largest concern that most of us have is how to afford this future that we want. This is where they come in. Absa offers a variety of student loan opportunities that allow students to borrow funds at low-interest rates.

What makes them the best is that they will offer you a better rate if another lender has a rate lower than theirs. They will do whatever it takes to ensure that you are on the right path to a bright future. Cover all your study expenses from tuition to accommodation and textbooks. Make the smart choice for your future and take out an Absa study loan.

Absa – Personal loan

  • Loan Type Personal loans
  • Interest Rate from 14%
  • Loan Amount up to R350,000
  • Repayment 30 days to 84 months
  • Decision 24 hours

Benefits of Absa

  • Get a personal loan amount up to R350,000
  • Flexible repayment terms
  • Competitive repayment terms

Personal loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Get a payday loan within just minutes, simply apply online

It is no big secret that South Africans are struggling in the current economic state of the country.

With access to multiple credit cards and store cards, it can be quite easy to rack up a hefty amount of debt. Keeping up with payments and ensuring that you have budgeted correctly can become a nightmare.

This is why Absa is here to help you get your debt under control with the assistance of a debt consolidation loan.

A debt consolidation loan will allow you to repay all of your current debts and only repay a single loan amount monthly. Not only do you stand the chance of saving money on interest but you can also return your finances to a stable state.

In order to apply for a loan with them:

  • You must be a South African citizen.
  • Over 18.
  • Currently be employed on a full-time basis and earning R2,000 or more per month.

When they look to determine affordability, they will use your payslips and bank statements and consider your credit history.

Apply online with Absa

Step 1:

Simply click on apply and select whether you are a new or existing customer. You will then be directed to the next page where you can easily upload the needed documentation.

Step 2:

Once you have completed and submitted the application form, they will get back to you with an answer. 

Benefits of a personal loan with Absa

  • Low interest.
  • Ongoing support from a team that cares about your growth.
  • The freedom to use your personal loan for any purpose, even to consolidate your debt.

Need more than just convenience

If you're looking for a banking and direct lender - chances are you're looking for more than convenience.

From online technology and speed to affordable rates and flexible terms - you need a bank that does more than just make big promises - and that's exactly why ABSA is the bank of choice.

man holding thumbs up

Absa is a trusted & reliable provider of personal 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

August 2018

The diversity that I needed in a loan all wrapped in one professional and affordable package!

Johan S
— Virginia —

November 2018

With the help of Absa, I was able to finance my degree and start my future the way that I had always dreamed of. Thank you for help Absa!

Patricia D
— Bethlehem —

June 2018

I did not know where to turn to; my debt had begun to spiral. But with the assistance of Absa, I was able to regain control of my financial situation.

Sisipho T
— Soweto —

August 2021

The greatest bank in SA. I truly love them. Their service has always been world-class.

Madoza M
— Newcastle —

October 2021

I have been a client for years and am super happy with them. Great bank to bank with and their loans are affordable as well.

Gouws J
— Nelspruit —

November 2021

Having a team that believes in growth and in empowering people is great. They are simply the best.

Masego M
— Pretoria —

Absa Contact

Contact Number


  • not available


Physical Address

  • Canal Walk Century Blvd Cape Town Western Cape 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 – Closed
  • Sunday – Closed