Overview
Absa offers flexible personal loans in South Africa for various needs, such as planned or unplanned expenses. As of October 2025, loans range from R1,500 to R350,000 with repayment terms up to 84 months. They provide personalized interest rates based on your credit profile, with options for quick cash like Express and Instant Loans. Customers can switch existing loans to Absa for potential savings.
Loan Options
- Personal Loan: Up to R350,000 for any purpose, with terms from 12 to 84 months (2 months minimum for Absa customers).
- Express Loan: R1,500 to R8,000 for quick needs, terms 1-6 months.
- Instant Loan: R350 to R8,000 via ATM or digital banking, repayable in up to 35 days.
Eligibility
- South African citizen or permanent resident, aged 18+.
- Regular monthly income: R2,000+ for loans over 12 months; R1,500+ for 2-6 months.
- Bank account for salary deposits (active Absa account preferred for some).
- Good credit history; self-employed and pensioners eligible with proof.
Required Documents
- Valid South African ID.
- Proof of income: 3 months’ payslips or bank statements.
- For non-Absa customers: Proof of residence (≤3 months old).
- Self-employed: ITA34 Tax Certificate, 6 months’ financials, accountant’s letter.
- Pensioners: Pension or annuity statement.
How to Apply
- Online/App: Check for provisional offers, apply via Absa website or Banking App for instant payout.
- Branch/Phone: Visit a branch or call 0860 100 372/0860 100 321. Approval can be quick for eligible applicants.
Interest Rates and Fees
- Interest Rates: Personalized, starting from 13.75% per annum (up to 28.75%). Example: R50,000 over 36 months at 18% = ~R2,113/month.
- Fees: Initiation up to R1,207.50 + VAT; monthly service ~R69.
- Mandatory Credit Protection Plan (insurance for death, disability, etc.).
Repayment Terms
- 2-84 months for Personal Loans; shorter for Express/Instant.
- Fixed monthly installments via debit order.
- Use the repayment calculator for estimates.
Example (at 18%):
| Amount |
Term |
Est. Monthly |
| R10,000 |
12 months |
~R950 |
| R50,000 |
36 months |
~R2,113 |
| R350,000 |
84 months |
~R7,000 |
Benefits
- Personalized rates and flexible terms.
- Quick access for Absa customers.
- Mandatory insurance for protection.
- Potential to switch and save on existing loans.
- Promotions: Win share of R150,000 for loans ≥R50,000.
Comparison with Other Banks
Absa offers low minimum income and short terms; Nedbank has a lower minimum rate. Here’s a comparison for personal loans in 2025:
| Bank |
Max Amount |
Interest (Min-Max) |
Terms |
Min Income |
Unique |
| Absa |
R350,000 |
13.75%-28.75% |
2-84 months |
R1,500-R2,000 |
Rate beat guarantee, quick for clients |
| African Bank |
R500,000 |
5%-28% |
7-72 months |
R3,000 |
Fixed 12% promo |
| Capitec |
R500,000 |
13%-29.25% |
12-84 months |
R3,000 |
High limits |
| FNB |
R360,000 |
17.25%-29% |
12-72 months |
R10,000 |
Payment breaks |
| Standard Bank |
R300,000 |
15%-29% |
12-84 months |
R3,000 |
UCount rewards |
| Nedbank |
R400,000 |
11.5%-29.25% |
6-72 months |
R5,000 |
Greenbacks |
Get quotes to compare. For other options, explore Old Mutual.
For details, visit www.absa.co.za or call 0860 100 372.
Uhlolojikelele
I-Absa inikeza izimali zomuntu siqobo eziguquguqukayo eNingizimu Afrika ngezidingo ezahlukahlukene, njengezindleko ezihleliwe noma ezingahleliwe. Kusukela ngo-Okthoba 2025, izimali zisuka ku-R1,500 kuya ku-R350,000 ngemigomo yokukhokha kufikela ezinyangeni ezi-84. Banikeza amanani enzalo ayenzelwe wena ngokusekelwe kuphrofayela yakho yezikweletu, ngezinketho zemali esheshayo njenge-Express ne-Instant Loans. Amakhasimende angashintsha izimali ezikhona ziye kwa-Absa ukuze ange imali.
Izinketho Zokuboleka
- Isimali Somuntu Siqobo: Kufikela ku-R350,000 yanoma iyiphi inhloso, ngemigomo kusuka ezinyangeni ezi-12 kuya kwezi-84 (izinyanga ezi-2 ubuncane kumakhasimende e-Absa).
- Isimali se-Express: R1,500 kuya ku-R8,000 ngezidingo ezisheshayo, izikhathi ezinyanga ezi-1-6.
- Isimali Esisheshayo: R350 kuya ku-R8,000 nge-ATM noma ngebhange ledijithali, ikhokhwa kufikela ezinsukwini ezi-35.
Ukufaneleka
- Isakhamuzi saseNingizimu Afrika noma umhlali osemthethweni, iminyaka engu-18+.
- Umholo wenyanga ojwayelekile: R2,000+ yezimali ezingaphezu kwezinyanga ezi-12; R1,500+ yezinyanga ezi-2-6.
- I-akhawunti yasebhange yezokufaka umholo (i-akhawunti ye-Absa esebenzayo ikhethwa kwezinye).
- Umlando omuhle wezikweletu; abazisebenzelayo nabathola impesheni bayafaneleka ngobufakazi.
Amadokhumenti Adingekayo
- Umazisi waseNingizimu Afrika osebenzayo.
- Ubufakazi bomholo: Amaphepha okuhola ezinyanga ezi-3 noma izitatimende zasebhange.
- Kumakhasimende angawona e-Absa: Ubufakazi bendawo yokuhlala (≤izinyanga ezi-3 ubudala).
- Abazisebenzelayo: Isitifiketi se-ITA34 seTAX, izimali zezinyanga ezi-6, incwadi yomgcini-mabhuku.
- Abathola impesheni: Isitatimende sempesheni noma se-annuity.
Indlela Yokufaka Isicelo
- Ku-inthanethi/Uhlelo: Hlola izinhlinzeko zesikhashana, faka isicelo nge-iwebhusayithi ye-Absa noma Uhlelo Lwezokubhanga ukuze uthole ukukhokha ngokushesha.
- Egatsheni/Ucingo: Vakashela igatsha noma ushayele ku-0860 100 372/0860 100 321. Ukuvunyelwa kungashesha kwabafake isicelo abafanelekile.
Amazinga Wenzalo kanye Nezimali
- Amazinga Wenzalo: Ayenzelwe wena, eqala ku-13.75% ngonyaka (kufikela ku-28.75%). Isibonelo: R50,000 ngaphezu kwezinyanga ezi-36 ku-18% = ~R2,113/inyanga.
- Izimali: Imali yokuqalisa kufikela ku-R1,207.50 + VAT; imali yesevisi yenyanga ~R69.
- Uhlelo Lokuvikela Izikweletu oluyisibopho (umshwalense wokufa, ukukhubazeka, njll.).
Imigomo Yokukhokha
- Izinyanga ezi-2-84 yezimali Zomuntu Siqobo; ezifushane ze-Express/Instant.
- Izinkokhelo zenyanga ezilungisiwe nge-debit order.
- Sebenzisa ikalkhuletha yokukhokha ukuze uthole izilinganiso.
Isibonelo (ku-18%):
| Inani |
Isikhathi |
Isilinganiso Senyanga |
| R10,000 |
Izinyanga ezi-12 |
~R950 |
| R50,000 |
Izinyanga ezi-36 |
~R2,113 |
| R350,000 |
Izinyanga ezi-84 |
~R7,000 |
Izinzuzo
- Amanani ayenzelwe wena nemigomo eguquguqukayo.
- Ukufinyelela okusheshayo kumakhasimende e-Absa.
- Umshwalense oyisibopho wokuvikela.
- Amandla okushintsha kanye nokonga ezimalini ezikhona.
- Amaphromoshini: Wina isabelo se-R150,000 yezimali ≥R50,000.
Ukuqhathanisa Namanye Amabhange
I-Absa inikeza umholo omncane ophansi kanye nezikhathi ezifushane; i-Nedbank inenani elincane eliphansi. Nawa ukuqhathanisa kwezimali zomuntu siqobo zango-2025:
| Ibhange |
Inani Eliphezulu |
Inzalo (Encane-Ephezulu) |
Imigomo |
Umholo Omncane |
Okukhethekile |
| Absa |
R350,000 |
13.75%-28.75% |
Izinyanga ezi-2-84 |
R1,500-R2,000 |
Isiqinisekiso sokushaya inani, esisheshayo kumakhasimende |
| African Bank |
R500,000 |
5%-28% |
Izinyanga ezi-7-72 |
R3,000 |
Iphromoshini elilungisiwe le-12% |
| Capitec |
R500,000 |
13%-29.25% |
Izinyanga ezi-12-84 |
R3,000 |
Imikhawulo ephezulu |
| FNB |
R360,000 |
17.25%-29% |
Izinyanga ezi-12-72 |
R10,000 |
Amakhefu okukhokha |
| Standard Bank |
R300,000 |
15%-29% |
Izinyanga ezi-12-84 |
R3,000 |
Imivuzo ye-UCount |
| Nedbank |
R400,000 |
11.5%-29.25% |
Izinyanga ezi-6-72 |
R5,000 |
Imivuzo ye-Greenbacks |
Thola izilinganiso ukuze uqhathanise. Ukuze uthole ezinye izinketho, hlola i-Old Mutual.
Ngezimininingwane, vakashela www.absa.co.za noma ushayele ku-0860 100 372.
