Rating based on 1,379 reviews

Absa Group

image of Absa Group
image of Absa Group

Absa Group is a registered credit provider with South Africa’s National Credit Regulator: NCRCP7

About – Absa Group

What was once originally called the Amalgamated Banks of South Africa or ABSA Group Limited as many people know is now called Barclays Africa Group.

ABSA is a South African financial services benefactor that specializes in individual and corporate banking, credit cards, corporate investment finance, wealth in addition to savings management. ABSA Bank Limited is a solely owned secondary financial provider of Barclays Africa Group.

Foundation and going forward

ABSA was instituted in 1991 through the union of financial facilities benefactors United Bank (South Africa), the Allied Bank (South Africa), the Volkskas Bank Group and certain benefits of Sage Group.

The succeeding year, ABSA assimilated the whole shareholding of the Bancorp Group which comprised of Trustbank, Senbank and Bankfin, in that way covering its possessions base further.

In the initial years of this amalgamation, each South African bank functioned under its own name. In 1998, they were merged into one solitary make. ABSA implemented a new business individuality and the designation was altered into an ABSA Group Limited.


A great level of respect has been bestowed on the personnel that ABSA has entrusted to deliver a service. This goes to show that we don’t take for granted the contribution that each individual makes to make our financial institution greater than it already is.


Everybody is treated ethically and openly in every service that we do be it a short term loan or a mortgage. There is no level of discrimination or partiality experienced by internal or external clients.

Services – Absa Group

In order to ensure that we stay on top of our game, we prioritize our clients.


In the strive of ensuring that customer’s needs are met, we use a combined set of ability, dynamism and resources to deliver the finest maintainable outcomes when delivering personal loans, bank accounts or any other financial service.


Nothing is left in the same manner it was found. We are constantly seeking better and innovative ways of creating a good service.

Transact account

With the transact account, you get absolute value for money. With the monthly fee as little as R 4,99 pm, you get a range of benefits. These include free point of sale (POS) acquisitions, unrestricted regular subscription for operational investment, free balance reviews by means of an ATM and online banking. The client needs to earn between R0 – R 3000 pm.

Flexi value account

On the flexi value account, you get an unrestricted memorial protection to the rate of R15 000 and free assessment of the statements. The client is charged R59,52 as a monthly fee and has to earn on average R3000 to qualify. You will also be able to get a short-term loan should you need it.

Gold value bundle

The figures are slightly higher in the gold value bundle but so are the benefits. The client needs to earn at least R10 000 pm and with a monthly fee of R105,92 pm, you get lifestyle aids and ABSA Feasting.

Interest Rate

From 0 %

To 0 % Per annum

Loan Amount



Repayment Term

0 months

0 months

Summary of Services

  • SHORT-TERM Cash Loans

ABSA - reliable short term loans

You are certainly a rare breed with Premium Banking.

With this bank account, the client needs an income of R25 000 on a monthly basis. As a premium subscriber, you get high-class urgent banking at selected branches. All of this can be acquired from R170,48 pm as a monthly charge. You can also get a short term loan via online banking when you need it. 

Bank charges

According to a study done in 2008 by Finweek Bank Charges Report, ABSA was instituted to be the maximum affluent banking institution in South Africa. In 2012, Finweek was in applause after seeing the dramatic financial changes made by ABSA. These restructure were welcome with great enthusiasm.

Social responsibility

Seeing that ABSA is a financial institution that likes to help the ones least capable. In 2007 alone, a total amount of R60, 9 million was donated in teaching, free enterprises, well being, ill health and the environment.


Two programmes were established to endorse the eminence of schooling in rustic areas. These names are the Beyers Naude Schools Development Programme, which is dedicated to refining maths and science results in deprived institutes transversely South Africa.

The second initiative was the ABSA/Sowetan Early Childhood Development Awards, which were primarily established to provide early youthful expansion experts employed in pastoral and underprivileged societies.


No idea goes unheard at ABSA. Having said that, ABSA helps upcoming entrepreneurs with start-up investment in the form of a business loan, mentorship and service training through its banking services.

Customer Reviews & Testimonials

November 2018

Aside from offering a variety of financial products that will tickle anyone’s fancy, they also ensure that their loans are fair, affordable and competitive. I have been banking with Absa for any ...

Caitlyn B
— Paarl —

October 2018

When I borrow from Absa I know they will take care of my interests because they care so much for the South African community already. They do not hide any charges, fees or important clauses. Ever...

Carison K
— Bellville —

July 2018

My days are very busy and I struggle to find time to get anything done. This is why, when I noticed Absa’s online loan application, I rejoiced! Doing things over the internet is a godsend for my ...

Carlyn V
— Stellenbosch —

 Contact Details

Troye St, Sunnyside, Pretoria, Gauteng, 0001, South Africa
Ph: 0800 41 41 41 / 011 350 4000
Fx: 011 370 5000
Em: actionline@absa.co.za
Em: groupsec@absa.co.za

Postal Address

PO Box 7735, Johannesburg, 2000, South Africa

 Universal Branch Code

Absa Group’s universal branch code: 632005

 Opening Hours

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