Rating based on 4 reviews

African Bank Loan

  • Personal loans 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 October 3, 2021]

About African Bank

If you want to start a new business venture, you can take a personal loan.

If so, take the great big step today towards your financial goals and dreams with a personal loan from African Bank.

About African Bank

African Bank is a registered credit lending provider that has been providing top-quality online personal loans to South Africans with continually innovating financial solutions that make loans more accessible and more valuable.

African Bank Values

Transparency is a value that African Bank holds with high regard with all clients seeking loans, as well as clients who currently have loans. Your dealings with African Bank and your personal loan will be well communicated and respectfully handled. Banking is not just merely transactional, but with continually innovating financial solutions, African Bank calls it humanity through banking.

African Bank Services

Among many types of loans and credit solutions, African Bank provides quality personal loans directly to you for your financial needs.

These personal loans will be paid directly into your stipulated bank account for you to use as you need to.

Terms for personal loans

With your personal loan from African Bank, all the terms can and will be customized to suit you and your pocket. This means that your terms are completely flexible, but so is your loan. Your personal loan size is completely customizable as well. Flexible and customized to suit your financial needs.

Online services

Everything to do with your personal loan can be completed directly from the comfort of your own home with 24/7 banking at zero data costs whatsoever. Whether you would like to apply for your personal loan or do some much-needed banking, this can all be done with an easy online loan application.

African Bank – Personal loan

  • Loan Type Personal loans
  • Interest Rate 1524.50% p/a
  • Loan Amount up to R250,000
  • Repayment 7 months to 72 months

Benefits of African Bank

  • Flexible repayment terms
  • Fixed monthly repayment
  • Simple online application

Personal loan calculator

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

Applying for a personal loan

When applying for your personal loan, credit life insurance will be included.

You can rest assured knowing that if anything had to happen to you that would hinder you from making the repayments on your loan, the life insurance will cover the repayment of your loan.

Application process

The best place to start would be with a quote for your personal loan. This process will take you 3 minutes to do. African Bank provides you with great convenience “anywhere, anytime”.

Loan repayment terms

African Bank has fixed repayments across all personal loans. This is great for you as the customer because you can know for sure how much you will be repaying for your personal loan each month. This is a great help in allowing you to budget well.

Loan amount

The amount you apply for your loan with an African Bank personal loan will depend on what your monthly is. You can apply for an amount anywhere from R2,000 up to R250,000. During your application process, you will be notified of the maximum amount that you can apply for, based on your affordability.

Personal loan period

African Bank is proud to have flexible repayment terms. You are provided with the option to repay your personal loan off anywhere between 7 to 72 months. Again, during your application, you will be notified about what you can apply for, for your repayment term based on your loan amount and affordability.

Interest rates

The interest rate on your personal loan will be determined during your application. You can expect an interest rate anywhere between 15% and 27.50%

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African Bank is a trusted & reliable provider of personal loans

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: NCRCP 7638

Customer Reviews & Testimonials

August 2019

African Bank is the best Bank. They have survived a lot but have still tried their best to improve the experience. We have come far from where we were. Baby steps, it will get better with time.

Tlhodi M
— Randburg —

July 2020

African Bank, you can rely on them for help. Everything was quick and easy. They helped me big time with my financial situation.

Buyi N
— Johannesburg —

April 2020

What a wonderful bank. I was truly surprised at the amazing service. The online staff and Facebook team have been wonderful. Outstanding service and very friendly.

Brandon L
— Soweto —

African Bank Contact

Contact Number



Physical Address

  • Old Pretoria Rd Shop 53B, Boulders Shopping Centre, Halfway House, Midrand, Johannesburg Gauteng 1682 South Africa
  • Get Directions

Postal Address

  • Private Bag x170 Midrand, , Johannesburg, 1685 , South Africa

Opening Hours

  • Monday 08:30 – 17:00
  • Tuesday 08:30 – 17:00
  • Wednesday 08:30 – 17:00
  • Thursday 08:30 – 17:00
  • Friday 08:30 – 17:00
  • Saturday 09:00 – 13:00
  • Sunday – Closed