Rating based on 19 reviews

African Bank Personal Loan

  • Personal loans up to R200,000
  • Low-interest starting from 10.5%
  • Repayment up to 72 months

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African Bank homepage
Author African Bank. Screenshot of African Bank website.
[Accessed April 30, 2018]

About African Bank

The financial products and services that we offer are designed to help get you where you want to be as quickly and efficiently as possible.

Whether you're looking to open your first bank account or buy your first home - African bank has the right product for your needs.

We work harder for you

We're one of the smaller banking corporations in South Africa but, our products are highly competitive in terms of rates and features and we serve people on an individual basis - which is unique.

We strive to offer you superior banking and lending products and excellent customer service.

African Bank Services

If you need a personal loan African Bank can offer you one between R500 and R200,000 with a low-interest rate of between 10,5% and 28% per annum.

In addition, our loan terms that range from 3 to 72 months are ideal for any sum of cash needed.

A full-service bank offering you more for less

Over and above our personal loans we also offer everyday banking accounts, overdrafts, business loans, vehicle finance, home loans, and a range of competitive credit cards.

Whether you're looking for a specific product or are looking to change banks for the long term we are here to help you.

African Bank – Personal loan

  • Loan Type Personal loans
  • Interest Rate from 10.5%
  • Loan Amount up to R200,000
  • Repayment 90 days to 72 months
  • Decision 24 hours

Benefits of African Bank

  • Affordable personal loans up to R200,000
  • Competitive interest rates
  • Flexible repayment terms

Personal loan calculator

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

Whatever your needs are we are sure that you will find the answer under our roof

Although we're facing tough economic times African Bank is still able to offer customers low-interest rates and convenient loan features to help them reach their financial goals in a smarter and more affordable way.

From financing a car to taking a holiday with your family - our personal loans can get you there.

Don’t compromise - get what you need

As a customer looking for a fast loan, you will definitely need to compare the interest rates that are on offer but, there are other factors that are also critical to making a good decision.

One of these is the loan amount the bank is offering and another is the loan term that you can get. This helps you get the perfect loan without compromising on loan your amount.

Sharing is caring

As South Africans, we understand the importance of ‘ubuntu’ and sharing with one another. This is why, at African Bank, we have embraced ubuntu entirely in our operations by developing a special bank account that has been designed to be shared. We share family, foods, and lives with those that we care about the most so why not share a bank account?

This is a perfect solution for teens opening their first account or for family stokvels. Whatever you can think of we can help you make it a reality. Apply for your shared account today.

A world of banking at your fingertips

We all live busy lives which have drastically altered the way that we view the world. Businesses and people are constantly looking for ways to make processes more efficient in order to get things done faster. This is why we offer online banking – no more bank queues or delays. You now have the world of finance available to you at your fingertips.

At home and want to make a few transfers? Simply log onto your internet banking with your computer or laptop and consider it done. Are you at a restaurant and want to check up on a few things while you wait for your food to arrive? Use our mobile app on either your Tablet or Smartphone. The world is now in your hands.

man holding thumbs up

African Bank is a trusted & reliable provider of personal loans

In our review, African Bank 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.

African Bank is a registered credit provider in South Africa: NCRPC7638

Customer Reviews & Testimonials

August 2018

Thanks to African Bank I was able to finance the vehicle that I have always wanted in a hassle-free process. Thank you African Bank!

Taylor S
— Grahamstown —

November 2018

Loving the new shared accounts! Finally a bank for South Africans by South Africans embracing our values of ubuntu entirely!

Ayanda P
— Mthatha —

African Bank Contact

Physical Address

Postal Address

  • Private Bag x170, Johannesburg, 1685, South Africa

Opening Hours

  • Monday 08:30 – 17:00
  • Tuesday 08:30 – 17:00
  • Wednesday 08:30 – 17:00
  • Thursday 08:30 – 17:00
  • Friday 08:30 – 17:00
  • Saturday 09:00 – 13:00
  • Sunday – Closed