Rating based on 19 reviews

African Bank Personal Loan

  • Personal loans up to R350,000
  • Low-interest starting from 15%%
  • Repayment up to 72 months

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

About African Bank

The financial products and services that they 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.

They work harder for you

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

They 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 R2,000 and R350,000 with a low-interest rate of between 15% to 24.50% per annum.

In addition, their loan terms that range from 7 to 72 months are ideal for any sum of cash needed.

A full-service bank offering you more for less

Over and above their personal loans they 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 they're there to help you.

African Bank – Personal loan

  • Loan Type Personal loans
  • Interest Rate from 15%%
  • Loan Amount up to R350,000
  • Repayment 7 months to 72 months
  • Decision 24 hours

Benefits of African Bank

  • Affordable personal loans up to R350,000
  • 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 personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Whatever your needs are they are sure that you'll find the answer under their roof

Although people 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 - their 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, they understand the importance of ‘ubuntu’ and sharing with one another. This is why, at African Bank, they have embraced Ubuntu entirely in their operations by developing a special bank account that has been designed to be shared. They share family, food, and lives with those that they 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 they can help you make it a reality. Apply for your shared account today.

A world of banking at your fingertips

Everyone lives busy lives, drastically altering how the world is viewed. Businesses and people are constantly looking for ways to make processes more efficient in order to get things done faster. This is why they 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 their 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