When it comes to personal lending, there are many options to choose from. Each has its own interest rates, repayment terms, and rules. Having all the information you need can make the process easier.

Absa offers various loans for different needs. They are available at Absa Student Bureaus situated in SA’s leading tertiary institutions and at selected Absa branches.

Flexible

Our personal loans are flexible and can be used for a variety of purposes. You can use it to consolidate debt, old mutual loans online fund a big purchase, or even start building your credit score. Whether you need a little extra cash or are ready to pay it back in full, you can apply online at Absa Online or on our Banking App. The loan calculator provides you with an estimate based on your selected loan product and term. It includes the interest, initiation and service fees and credit life insurance (calculated as a portion of your principal debt at inception).

You can borrow from R3 000 to R100 000 with repayment terms up to 72 months*. Upon application, you can get the funds you need as soon as you are approved. You can also choose to make additional payments to reduce your total outstanding debt. The best part is that you can enjoy great rates, guaranteed*. For more information on our products, contact us or visit your nearest Absa branch. We also offer study loans, which can be obtained at Absa Student Bureaus situated in SA’s leading tertiary institutions and the Absa Sales Contact Centre and selected Absa branches. The loan can be used to finance your SETA and SAQA courses, textbooks, accommodation, and equipment.

Affordable

If you’re looking for a personal loan, you can get approved in minutes with Absa. Just log-on to Absa Online, select ‘Apply for a Personal Loan’ from the tabbed navigation and enter your requirements. You’ll receive an instant decision based on your affordability and creditworthiness.

Personal loans are a great way to pay for unexpected expenses or major purchases, or even to consolidate debt. With Absa, you can choose from a variety of repayment periods to suit your budget. Plus, you can save on interest by paying off the loan before its expiry date.

Study loans

Absa study loans can be used to fund your studies or those of a family member. They offer financing for both SETA and SAQA courses, textbooks, accommodation and equipment fees. Customers can also benefit from a 15% discount on study equipment and access to an Absa credit protection plan which covers the outstanding amount of the loan in the event of disability, death, retrenchment or diagnosis of a serious illness.

Apply online or through the Absa app. Terms and conditions apply. Ts&Cs available at all Absa branches, via the Banking App or at any Absa ATM. The bank has joined small lenders in offering Kenyans the cheapest personal loans, breaking ranks with larger banks that have continued to issue relatively expensive credit facilities.

Easy to manage

Whether you’re looking to consolidate debt, purchase an investment property or simply need funds for unexpected expenses, Absa personal loans are a convenient and flexible way to manage your finances. You can apply online, in-branch or via Absa Online. The lender also offers a range of credit cards that provide competitive interest rates and other benefits.

Besides offering affordable rates and flexible repayment periods, the lender provides quick turnaround times. It can process your application within 24 hours and disburse the loan in as little as 72 hours. Furthermore, it allows you to check your eligibility status instantly.

Absa study loans help students finance their tuition fees, textbooks and accommodation costs. Its student bureaus are located at SA’s leading tertiary institutions, the Absa Sales Contact Centre and selected Absa branches. Students can also apply online. In addition, they can get 15% discount on study equipment and access to an Absa Credit Protection Plan which settles the outstanding amount of their study loan if they die, become permanently disabled or are diagnosed with one of the dreaded diseases.

The bank’s personal loan products are designed to meet the financial needs of South Africans. Its auto finance products offer competitive interest rates, while its solar and energy loans can reduce your electricity bill and help you save money on energy costs. Its credit card and mortgage products can also improve your credit score.

Easy to repay

Whether you’re looking to give your lifestyle a boost or need a financial buffer to help with unexpected expenses, Absa personal loans are easy to repay and come with flexible terms from 12 to 72 months. You can apply online, at any Absa branch or via our Banking App. Your application will be assessed according to Absa’s lending criteria and your personal financial circumstances.

Use our loan calculator to find out how much your monthly instalment will be. This calculation is based on the information you provide and is for illustration purposes only. You’ll get immediate access to your funds after approval, and you can choose to pay off your loan faster by making extra payments which will reduce the capital amount of the loan. You’ll also have access to a Credit Protection Plan that settles your debt in the event of death, permanent disability, and diagnosis of certain dreaded diseases. This service is included in your monthly instalment.