Absa Loan

As a truly African Bank, Absa is determined to bring forth meaningful change and support the people, businesses, and industries that drive the economy.

Absa is one of the major players in the South African banking industry bringing hundreds of beneficial loans, products, and services to their millions of valuable customers.

They have a strong presence in over 12 African countries and continue to enter into evolving economies.

Their reach allows them to bring innovative technology and products to the people and places where they have the potential to make the greatest change.

Absa’s core values

Absa strives to bring innovation to the banking industry and ensure that they act quickly when making decisions.

When they make the wrong decisions, they’re quick to accept responsibility for their failures and bring about the necessary change.

They’re also a proponent of putting the customer first and delivering a world-class service by exceeding expectations and anticipating ever-evolving needs.

Putting their people at the centre of their growth

By putting their people in the driver’s seat, they allow a variety of world-views to drive their growth and innovation. They believe in investing in their people and working together with them to ensure that they reach their potential.

A range of flexible lending solutions

Absa has a range of lending options available. This includes their Express loan and their personal loan options which offer a flexible amount of cash, low-interest rates, fees, and short to long terms that will suit just about any budget.

Absa offers everyday banking services, lending, saving, and investment as well as insurance products and services for individuals.

When it comes to lending their products include home loans, vehicle finance, student loans, and debt management solutions.

When it comes to debt management, it all starts with you. By shifting your mindset and solidifying your determination to become debt-free, you can bring about long-lasting change. One of the best tools you have to get a handle on your debt is a budget.

Thinking of consolidating?

Absa offers debt consolidation solutions of up to R350,000 with loan terms of up to 84 months. This is a much higher loan amount and loan term than any other bank offers. This means you can comfortably space out your loan repayments and enjoy having more money at the end of every month.

Personal loan eligibility requirements

If you’re over 18, are a South African citizen or permanent resident, and are employed and earning a stable income that reflects in your account on a monthly basis, you can apply for a personal loan from Absa.

Express vs personal loan

Absa offers an express loan of between R1,500 and R8,000 with between 2 and 6 months to repay. They also offer a regular personal loan ranging from R3,000 to R350,000 which comes with terms from 12 to 84 months. The personal loan, which comes at incredibly competitive rates can be used to consolidate debt.

Revolving loans and overdraft facilities

If you’re looking for a more flexible solution to cash shortages and budget irregularities, you can opt for a revolving loan or an overdraft which can offer up to R250,000. Both these solutions are reviewed on an annual basis and your loan amount will be increased or decreased as per your needs.