Absa Personal Loans
Absa Personal Loans offers personal loans from R3,000 - R250,000 with 21% APR. NCR-registered lender with flexible repayment terms.
About Absa Personal Loans
Absa Personal Loans is an NCR-registered credit provider offering personal loans to South African consumers. With loan amounts ranging from R 3 000 to R 250 000 and flexible repayment terms, Absa Personal Loans provides accessible credit solutions.
Loan Details
Loan Amounts
Repayment Terms
Interest Rate
Representative example. Actual rate depends on your credit profile.
Key Features
Eligibility Requirements
- ✓ Age 18-65 years
- ✓ South African citizen or permanent resident
- ✓ Minimum monthly income R5,000
- ✓ Valid Absa bank account
- ✓ Good credit score required
- ✓ South African bank account
- ✓ Valid ID document
Advantages & Disadvantages
✓ Pros
- • Competitive rates from 14.5% for premier clients
- • Up to R250,000 loan amount
- • Flexible repayment terms up to 72 months
- • Instant approval for existing Absa clients
- • Rewards points on loan repayments
✗ Cons
- • Must be Absa account holder for best rates
- • Credit life insurance mandatory
- • Application processing fees apply
Frequently Asked Questions
How much can I borrow from Absa Personal Loans?
You can borrow between R 3 000 and R 250 000, depending on your credit profile and affordability assessment.
What is the interest rate?
Absa Personal Loans offers loans with an APR example of 21%. The actual rate you receive will depend on your individual credit assessment and affordability.
How long are the repayment terms?
Repayment terms range from 6 to 73 months, giving you flexibility to choose a term that suits your budget.
Is Absa Personal Loans registered with the NCR?
Yes, Absa Personal Loans is a registered credit provider with the National Credit Regulator (NCR), ensuring compliance with the National Credit Act.
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View All LendersDisclaimer: Credizen is a comparison platform and not a lender. We receive compensation from Absa Personal Loans when you apply through our site. Loan approval and terms are subject to Absa Personal Loans's credit assessment and affordability checks.
Responsible Lending: Before applying, ensure you can afford the monthly repayments. Defaulting on credit agreements can negatively affect your credit score. This information is provided for comparison purposes only. Always read the terms and conditions from Absa Personal Loans before accepting a loan offer.