Rating based on 10 reviews

Absa Loans

  • Short-term 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 19, 2023]

About ABSA

ABSA Group will be a great lender to partner up with when you need a short-term loan.

They are one of South Africa's largest and most respected banks that specialise in individual and corporate banking, credit cards, investment finance, and savings management. They care about their customer’s financial well-being and strive to do more than they are expected to do.

Back when the ABSA Group started

ABSA Group was founded in 1991 and is a merely owned secondary financial provider of the Barclays Africa Group. They are listed on the JSE and are one of Africa’s largest diverse banking groups with branches in 12 countries across the African continent.

To ensure that they meet their client’s requirements they use their enthusiasm and knowledge to deliver outstanding service and to deliver the finest outcomes.

Foundation and going forward

The most amazing thing about the ABSA Group is their caring heart to help those in need. They donated a total amount of R60,9 million to teaching, wellbeing, ill health, and the environment and this was only in 2007.

You will be treated with integrity and respect

ABSA believes in transparency and treating clients fairly. They will also make sure you have a wonderful loan experience with them. Improving is one of their main goals and they will constantly seek ways to do so because your contribution to their company is important to them.

ABSA Services

Absa offers a wide range of credit cards including their co-branded British Airways and Avisos cards as well as a student and transaction account designed for those looking to build a good credit score.

They offer flexible and affordable personal loans, car loans, short-term loans and so much more to choose from.

Get an express loan with ABSA

They offer an express loan which allows you to borrow up to R8,000. This loan is ideal for cash emergencies and requires you to earn R1,500 per month. You will have 6 months to make repayments on this loan and the best part about it is it is unsecured.

ABSA pays you back

You will be rewarded for swiping your card because ABSA believes in giving back to its loyal customers.

Depending on your rewards level on everyday purchases, you can earn up to 30% in cash back. Things that qualify for cash back include grocery shopping, fuel, health and beauty, etc.

Getting a personal loan

You can get a personal loan up to R350,000 and are available to existing Absa customers as well as new customers.

These loans offer a loan term ranging up to 84 months and can be used for a range of purposes from upgrading your kitchen to buying a car. To qualify you must be over 18, employed, earning an income, and be a South African citizen or resident.

ABSA – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate from 17.5%
  • Loan Amount up to R350,000
  • Repayment 30 days to 84 months
  • Decision 24 hours

Benefits of ABSA

  • Het the best loan deal for your needs
  • Affordable short-term loans
  • Competitive interest rates

Short-term loan calculator

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

Getting your Quick Loan with ABSA

You can apply for a loan with ABSA online, it will save you a lot of time and you don’t have to go to the bank.

Follow these hassle-free steps to apply with ABSA:

  1. Make use of their calculator tool to determine the loan amount you can qualify for
  2. On the application form, fill in your details
  3. A credit check will be done to ensure that you can make repayments on your loan and your details will be verified
  4. If your loan is approved the funds will be deposited into your account

Applying for an additional loan

A second short-term loan will depend on whether you are in a good financial position to take another credit plan.

They also usually look at how you pay your other advance plans so that they can get an indication of how dedicated you are to your finances. It is better to first pay off the first loan before you apply for the second type of credit.

Innovative technology helps manage your finances

The ABSA banking app is a convenient and easy-to-use method for managing your finances. The fantastic part about it is that you do not need data or Wi-Fi to use it because it is absolutely free.

You will be able to do multiple transactions like buying airtime, transacting paying beneficiaries, and more and it will make life so much easier! All you need to do is to download the app on your smartphone, and you can bank anywhere and anytime!

Benefits you will gain with a loan from ABSA

  • The best loan deal for your needs.
  • Reliable and friendly staff.
  • Safe and secure online banking.
  • No endless paperwork.

Ensuring that you have a bright financial future 

Apply for a short-term loan with ABSA today and get the cash you need in hand. Switch to a bank that cares about you and your finances.

man holding thumbs up

ABSA is a trusted & reliable provider of short-term 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

October 2018

ABSA Group afforded me a short term loan when I needed it the most.

Thandeka K
— Gauteng —

November 2018

The short term application process that ABSA Group uses is simple to follow through and quite convenient too.

Palesa T
— Soweto —

January 2019

I was so happy to be assisted by an agent that was patient and walked me through the entire process.

Peter B
— Northern Cape —

March 2019

Within a day, I already knew of my loan outcome. I was happy to see how fast the loan application process goes.

Molebogeng K
— Rustenburg —

April 2019

A few minutes was all it took before I was told that my loan application was successful.

Mohammed H
— Pinetown —

September 2021

Their loans are fair, affordable, and competitive. I have been banking with Absa for many years and I would still highly recommend them.

Khan S
— Duran —

September 2021

When I applied for a loan from ABSA, they were so helpful. They had no hidden charges, fees or clauses.

Ndou S
— Port Edward —

November 2021

When I noticed Absa’s online loan application, I was so happy. Doing things over the internet is saving me a lot of time and money.

Stander Y
— Clarence —

ABSA Contact

Physical Address

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 08:00 – 13:00
  • Sunday – Closed