African Bank
African Bank offers personal loans from R1,000 - R350,000 with 25.5% APR. NCR-registered lender with flexible repayment terms.
About African Bank
African Bank is an NCR-registered credit provider offering personal loans to South African consumers. With loan amounts ranging from R 1 000 to R 350 000 and flexible repayment terms, African Bank 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 18-70 years
- ✓ South African citizen or permanent resident
- ✓ Minimum monthly income R3,000
- ✓ Valid bank account and ID
- ✓ Employment verification required
- ✓ South African bank account
- ✓ Valid ID document
Advantages & Disadvantages
✓ Pros
- • Highest loan amounts up to R350,000
- • Personal loans specialist with 45+ years experience
- • Flexible repayment terms up to 72 months
- • Consolidation loans available
- • Pre-approval within 60 seconds online
✗ Cons
- • Higher APR range 16%-35%
- • Credit life insurance mandatory
- • Application fee charged on approval
Frequently Asked Questions
How much can I borrow from African Bank?
You can borrow between R 1 000 and R 350 000, depending on your credit profile and affordability assessment.
What is the interest rate?
African Bank offers loans with an APR example of 25.5%. The actual rate you receive will depend on your individual credit assessment and affordability.
How long are the repayment terms?
Repayment terms range from 1 to 73 months, giving you flexibility to choose a term that suits your budget.
Is African Bank registered with the NCR?
Yes, African Bank 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 African Bank when you apply through our site. Loan approval and terms are subject to African Bank'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 African Bank before accepting a loan offer.