The 15% loan

In an ever-changing world, financial reassurance is like a breath of fresh air, especially when instability seems like the new norm. Fortunately, the 15% loan offers you a fixed interest rate and fixed monthly repayments for the term of your loan. We give you the assurance that when everything else changes around you, the 15% loan won’t! You don’t have to worry about fluctuations when the economy changes. If you’re focused on knowing exactly how your pocket will be affected over a certain period of time, the 15% loan is your solution – with these added benefits:


You know exactly how much your monthly repayment is - the same amount each month for the term of your loan.

Fixed rate

Your interest rate remains fixed when you take out the 15% loan, regardless of whether the interest rate increases or decreases during the term of your loan.

Up to R50 000

Allows you to finance your goals with loan offers from R5 000 to R50 000.

Comfortable terms

Terms between 6 and 18 months, designed to suit your needs.

Please note: Only one active 15% loan can be held by a customer at a time. Remember however, if you have an active 15% loan you can apply for any other product in our range including Credit, Savings and Investments and Funeral Insurance.

How to apply

Applying for your Personal Loan is quick and easy. In just a few simple steps you could be on your way to personal financial freedom. To ensure that your application is even quicker, make sure you have the following documents available to upload with your application, or when you visit a branch.

Identity document

Latest original pay slip

Latest bank statement reflecting 3 salary deposits.

Proof of residence

Find out what you qualify for right now


Rest assured that your credit is insured should anything happen to you that would prevent you from making repayments.


As a Category A Consumer, you’ll be covered (either to settle your outstanding obligation in terms of your credit agreement/facility or pay instalments towards your credit agreement) in the event of death, permanent disability, temporary disability, retrenchment, unpaid leave or short time.


Choose your Break is a unique African Bank feature that we offer you as an existing customer, enabling you to take a break from payment on qualifying loans.


If you are a Category B Consumer, you will be covered for Death only (we settle your loan and/ or credit card debt).


Do you need more information to make taking out a loan an even simpler decision?

Click on any of the informative African Bank credit and personal loan brochures below to download.

New Marketing flyer
Panel combo flyer
Information sheet Afrikaans
Information sheet English
Information sheet Sotho
Information sheet Zulu
Income Expense Declaration

Payment options range from 3 to 72 months. Min interest rate (APR) from 10,5% to Max interest rate (APR) of 28,0%.
Min insurance rate from 5,0% to Max insurance rate of 14,0%.  Insurance flat fee of R12.

*Representative example: Credit of R20 000 borrowed for 12 months. Once-off Initiation fee: R1 197.Monthly admin fee R68,40.
Representative APR 10,5%. Representative Insurance Rate of 10%. Insurance Flat Fee R12.
Monthly instalment amount payable: R2 049,05. Total amount payable: R 24 588.60