Absa Personal Loan

Published terms on this SKU run from 12 to 84 months. Absa also states that current customers may be offered terms from 2 months. Express (1–6 months) and Instant (up to 35 days) are different products.

The official page quotes a personalised APR starting from 13.75% p.a. Absa publishes no maximum APR. One illustration uses 18% p.a. Your signed quotation is the rate that counts.

Absa states that a R50,000 loan over 36 months at 18% p.a. has an estimated monthly repayment of R2,113, and that this figure includes service and initiation fees.

You need a regular monthly income of at least R2,000, paid into a bank account, and you must be 18 or older. A lower R1,500 income bar applies to smaller 2–6 month loans, which are not this SKU.

No. Absa states that credit life insurance is mandatory for all personal loans. The Credit Protection Plan is described as cover for death, disability, critical illness, terminal illness or loss of income.

No. Express is R1,500–R8,000 over 1–6 months. Instant is R350–R8,000 for up to 35 days via ATM, cellphone banking or online banking. This page is the standard Personal Loan only.

Apply on the official page, in digital banking, in branch, or on 0860 100 321. For help or a callback use 0860 100 372 and the Talk to Us form at absa.co.za/talk-to-us/.

A South African ID book or card and the last three months' payslips or bank statements. Non-Absa customers also need proof of residence not older than three months. Self-employed and pensioner extras are listed on the official page.

Look up Absa Bank Limited as credit provider NCRCP7 on ncr.org.za and as FSP 4. Company registration on the site footer is 1986/004794/06.