Do you need extra cash fast? An Absa Personal Loan is the smart choice. Use the cash for unexpected expenses, purchase items for your home or even take a well-earned vacation – it’s up to you. The Absa offers you a personal loan from R 3,000 to R 150,000 at competitive interest rates, with easy repayment periods of between 12 and 84 months.
A Absa personal loan is the perfect financial solution when you need access to funds to help with a planned or unplanned event. You can borrow the funds for a set period of time and negotiate easy repayment terms to suite your needs and budget.
- For personal loans below R 15,000: fixed monthly repayments and up to 60 months to pay.
- For personal loans above R 15,000: variable monthly repayments, linked to prime and up to 84 months to pay.
- For personal loans over R 30,000: you qualify for a longer repayment term of more than 60 months.
Rates & Fees
- Competitive interest rates which are determined by your individual risk profile.
- Initiation fee will be charged on all new personal loans based an individual risk profile.
- Monthly service fee will be charged on all loans.
How do you qualify for Personal Loan from Absa?
- To apply you must be either a South African citizen or permanent resident and be in possession of a valid Identity Document and 18 years or older.
- You must have minimum income of R2, 000 per month and hold a valid bank account into which your salary is deposited.
- Proof of current residential address, e.g. electricity or cell phone statement, etc.
