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Absa

image of Absa
image of Absa

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


About – Absa

Absa is one of the top banks in South Africa, as well as one of the largest.

Absa boasts a bouquet of services and offerings that cover all spectrums of finance and are a wholly-owned subsidiary of the Barclays Africa Group. From retail to investment banking, you’ll find a solution for what you need when you register with Absa.

Purpose-driven financial services

It is our ongoing commitment to all our clients, to positively impact our society in terms of shared values and this extends to our efforts with regard to education and student loans. We endeavour to deliver optimum shareholder value and our approach is a true representation of how we strive to remain a purpose-driven financial services organisation.

We understand your needs

Absa’s future entails striving to impact the social economy in a positive way. How we intend to do this is simple when we focus on understanding our customer's needs and merging that with our fundamental business functions, to achieve this goal. Through this approach and way of practice, we hope to minimize the challenges that South Africans face day to day.  

Our core values are to respect all our relationships regardless of whether they’re a customer or a partner; to act with integrity and exercise ethics in all our dealings in the financial world; to ensure that our customers always feel as though they’re at the top of our list and we meet their needs; we make sure that all results are delivered through passion and excellence; lastly, we strive to leave a footprint on our clients' lives through improvement.

Services – Absa

It’s finally come to that point in your life when you have some grown-up decisions to make. Absa wants to help you realise the potential of your dreams if you’ll let us.

You have a dream and now you need help in reaching it. Studying is expensive, but it’s imperative you do in order to achieve that life that you have planned. That’s why we offer student loans that we know will impact your life in a positive way.

Student loans

If you’re unsure of how to pay for your studies and unsure how we can help you, simply call us and let one of our agents explain the process to you. We’ll offer you a quote that we are confident is unmatched by any other traditional or online lender.

What our student loan offers you, is the ability to study at the college of your choice, through funding that we know will benefit you and get you one step closer to realising that dream life plan.

When you apply for a student loan with Absa you are guaranteed to receive the lowest interest rate.

Absa has your complete course covered!

Through finance at Absa, you’ll be able to get all the books, accommodation and other extras that you need in order to comfortably complete your tertiary education.

Get the best interest rates when you apply for a student loan with us, and if not, show us where you’re getting it cheaper and we’ll beat it. 


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Summary of Services

  • STUDENT Loans
  • UNIVERSITY Grants
  • PERSONAL Loans


Absa - We will help you get the education you need to become successful

Life doesn’t always come with guarantees, except for Absa’s price guarantee

Our price guarantee

Should you receive a better interest rate from another lender and it meets all our criteria, we will beat it!

How does it work?

Through any of the long and short term loans that Absa has to offer, if you receive an offer that matched the offer from us, yet it comes in a more attractive and lower rate, we guarantee that we will furnish you with a lower interest rate than the competing loan offer.

Your total interest is then lower, meaning your total monthly instalments are too.

How would I claim for this?

There are a few steps to take when one wishes to claim our price guarantee:

  • Peruse our terms and conditions and first identify whether you qualify for this offer. You can find this on our website or through one of our branches.
  • Collect a price guarantee claim form and complete this with detailed information
  • Submit this application form with a copy of the competing loan offer to priceguarantee@absa.co.za for Absa’s consideration.
  • This claim is required to reach us within 30 days from the date you receive your loan from Absa.
  • Should you meet all the necessary requirements, we will amend the interest rate on your loan with a rate that is lower than the competing loan offer.

What’s next?

Once your submission is in and it’s been considered, we will make contact with you to advise you of the outcome. Successful applicants will receive an amended interest rate on their Absa loan that the competing loan offer.

We will correspond with you in writing about the updated lower monthly payments. If your claim is not successful, however, we will still contact you to explain the reason for the rejection. Your current loan will then continue as is under the terms and conditions.

Terms and conditions

This guarantee is only on offer to those who have successfully qualified for an Absa study loan, personal loan, personal revolving credit facility or personal overdraft.

Regarding claiming

  • Claims need to be submitted within 30 days from Absa loan approval.
  • There is a maximum of 1 successful claim for each loan you register through Absa.
  • Applications need to be done through the price guarantee claim form.
  • No online loan application will be accepted for consideration without the accompaniment of written confirmation of the competing loan offer.

Regarding the competing loan, you’re offered

In order to qualify for the Absa price guarantee, the competing loan must be either a variable or fixed interest rate, unsecured as well as comparisons to your Absa Loan in all aspects of the offer, with a lower interest rate.

The competing personal loan offer will have to be verifiable by Absa and should also carry validity at the time you submit a claim through to us. 


Customer Reviews & Testimonials

 Contact Details

180 Commissioner St, City and Suburban, Johannesburg, Gauteng, 2000, South Africa
Ph: 011 350 4111 / 0860 669 669
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’s universal branch code: 632005

 Opening Hours

  • Monday 08:30 – 15:30
  • Tuesday 08:30 – 15:30
  • Wednesday 08:30 – 15:30
  • Thursday 08:30 – 15:30
  • Friday 08:30 – 15:30
  • Saturday 08:00 – 11:00
  • Sunday Closed –