Rating based on 36 reviews

African Bank

  • Debt consolidation up to R250,000
  • 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 31, 2023]

African Bank – We offer a diverse product range

African Bank is committed to providing you with the simplest and most user-friendly debt consolidation loans in South Africa.

It opened their doors in April 2016. African Bank Limited and African Insurance Group Limited now form part of a new group, with a holding company called African Bank Holdings Limited.

African Bank’s mission

They strive to be successful in offering a diverse range of products and services to all consumers of South Africa, from debt consolidation loans to credit cards. Delivering valuable service is important to them to ensure that clients are more than happy.

You come first

At African Bank, you have access to services that enable you to borrow, save and insure and they even offer loan application services to existing customers.

The staff of African Bank all represents the diverse population of South Africa, covering all ethnicities, genders, and languages. No matter what your financial situation might be, you will be treated with dignity and respect.

Empathy is important

Everyone is different, and at African Bank, they aim to put themselves in your shoes. Understanding what you are experiencing is a top priority for them. They are dedicated to changing the way you live your life, and they will be happy to offer you the best financial information and support to assist you.

Reliable and transparent

They are 100% open and honest with their clients throughout the debt consolidation process. They accept responsibility for their actions and will always deliver on their promises.

Our application is user-friendly

If you are aiming to get back on track with your financial stability, let African Bank manage your money in a simplified way.

Their consolidation loans are some of the best in the market and will be perfect if you are looking to simplify your credit by settling other debt. They will take all your loan payments and convert them into one cost-effective repayment.

A Debt consolidation loan could be right for you

You can consolidate your debt with repayment terms that stretch from 18 to 72 months.

It will even result in savings due to the admin fees you had on so many different accounts that are now all consolidated into a single account! You will have a reduced instalment, and this frees up cash flow and once you have consolidated your debt, you may also gain access to additional capital.

Your credit is insured

Have peace of mind that your credit is insured!. Should anything unforeseen happen to you that would prevent you from making repayments, they have got you covered! Exclusions are for category B consumers, in which case you are only covered for death, where they will settle your debt.

A break in instalments

‘Choose your break’ is a unique feature offered to clients. This allows you to take an actual break from paying your monthly instalment if the need arises, before continuing with your loan.

African Bank – Consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate 1527.5% p/a
  • Loan Amount up to R250,000
  • Repayment 18 months to 72 months

Benefits of African Bank

  • Flexible repayment terms
  • Easy loan process
  • Lower monthly repayments

African Bank - Reliable, transparent loans

Applying for your debt consolidation loan is quick and simple. In just minutes, you will be on your way to experiencing financial freedom!

To ensure that your application is even quicker, make sure you have the following documents available: A valid South African ID, current proof of address, a recent payslip, and 3 months’ bank statements.

Follow these easy steps to apply for your Debt consolidation loan

  • Go onto the African Bank website and fill in your personal and financial details
  • A one-time pin will be sent to you to ensure your details stay safe and secure
  • They will send you a consolidation offer that is tailored to your financial requirements
  • If you accept the offer, you will be on your way to becoming debt-free

Innovative solutions

Working with others means bringing the unique talents of everyone involved for the benefit of the team. You will always be at the centre of the decision-making, and they encourage transparent debates while respecting the final decisions. They commit to harmonising their practices and actions by contributing positively toward the common goal to help you get debt-free.

Benefits when you partner up with African Bank

  • An easy online application process that is safe and secure.
  • Flexible terms.
  • Lower monthly repayments.
  • Professional customer service.
  • Consolidation loans up to R250,000.
  • All your loans get combined into one.
  • A transparent lender.
man holding thumbs up

African Bank is a trusted & reliable provider of debt consolidation

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: NCRCP5

Customer Reviews & Testimonials

August 2021

Thank you, African Bank, for helping me to consolidate my debt. They made it a seamless experience.

Dhoti L
— Free State —

September 2021

I would recommend African Bank to anyone. Their staff is amazing and always ready to assist.

Chetty M
— George —

September 2021

I did not think I will be debt-free so fast but African Bank made it possible for me to experience financial freedom. Thank you so much for helping me to reach my goals.

Mathew G
— Belville —

African Bank Contact

Physical Address

Postal Address

  • Private Bag x170, Midrand, 1685, South Africa

Opening Hours

  • Monday 08:00 – 17:30
  • Tuesday 08:00 – 17:30
  • Wednesday 08:00 – 17:30
  • Thursday 08:00 – 17:30
  • Friday 08:00 – 17:30
  • Saturday – Closed
  • Sunday – Closed