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LOANS

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Personal Loan

Borrow from R500 to R250 000 with fixed repayments over 7 to 72 months

Consolidation Loan

Consolidate your debt from multiple lenders into 1 easy to manage installment

15% Loan

Get a low interest rate of 15% on a loan up to R50 000 and repayment terms from 12 to 18 months

Value Added Deals

Add a cellphone, tablet, laptop or extra value card to any loan

BANKING

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Made to share

Enjoy SA’s first bank account MADE TO SHARE with the most important people in your life

Save money

Get up to 6 ACCOUNTS with no monthly account fees. Save more with SA’s Best rate of up to 6.5% on any positive balance

Save time

It’s simple and easy to open an account online. Save time and do all your banking online for FREE! At ZERO DATA COSTS

SAVE & INVEST

Get an investment that is right for you

Fixed Deposits

Earn SA best investment rate and guaranteed returns at a fixed interest rate over a fixed term.

Notice Deposits

Earn a market leading rates with a choice of notice periods to access.

Access Accumulator

Earn a market leading rate that increases monthly with anytime access.

Tax Free Investment

Earn a market leading rate, and get non-taxable returns in your anniversary month.

CREDIT CARDS

Get the Credit Card that supports your lifestyle.

Silver credit card

Enjoy financial freedom and the power to purchase

Gold credit card

A card tailored to meet your financial and lifestyle needs

INSURE

Get insurance for those unexpected events.

Credit Life

Meet your credit repayment obligation when something unexpected happens.

Funeral Insurance

Get peace of mind when you lose your loved one.

How to save money monthly

Many people are unsure of the best way to save money. As a result they’re not saving smartly, or not saving at all. Follow this guide on how to save money monthly.

07/03/2019

Budgeting is as easy as 50/20/30

While most people know that a budget is necessary, many simply don’t know how to put one together. We’re here to tell you, drawing up a budget isn’t as confusing as you think it is.

01/12/2017

Investing in women: An African Bank priority

Many women are now the main breadwinners in their families and form the support structures of their communities.

01/12/2017

Three types of credit card fraud – and how to protect yourself

Read this blog post to familiarize yourself with these scams and know how to protect yourself.

17/04/2018

Know your rights when applying for a loan

With times being so tough for many consumers, applying for a loan could give you the means to change your circumstances.

17/04/2018

Grow your money

The flexible nature of working from home is appealing for new moms and many opt for this when the pitter patter of little feet is on the horizon.

17/04/2018

Getting to know Basani Maluleke

A new era started at African Bank on 1 April 2018, the day Basani Maluleke, was appointed as our CEO. Basani follows in the footsteps of Brian Riley, who saw the Bank through curatorship and laid the foundation for the exciting future that lies ahead of us.

01/04/2018

How to improve your credit score

Your credit score will affect nearly every major milestone in your life. If you have an unhealthy credit profile, find out how to improve it.

05/02/2019

Three tips: How to use your credit card wisely

There are more than 8.8 million credit cards in issue, and more than 38 types of credit cards available in South Africa. South Africans have on average one credit card. So. Question is, are you using your credit card wisely?

22/02/2019

Dad, here’s how you can be your child’s financial superhero

Fathers are often their children’s first real-life superheroes.Children do as we do, not as we say. So dads, our question to you this month is – are you modelling good financial behaviour?

04/06/2018

Saving to educate your children? Get the most out of your money

There is no greater gift that you can give your child than the gift of a secure education.We all want to give our children the very best, however, ensuring that you give your child a quality education costs money.

09/07/2018

Ways to save on your teen’s matric dance

It’s that time of year again when teenagers and money-strapped parents begin planning for the big Grade 12 Matric dance. Peer pressure often drives families to spend outrageous sums on their son’s or daughter’s dance but there are still ways to look good without totally breaking the budget.

11/07/2018

A world without hunger is possible

This is the vision of Rise Against Hunger; an organisation dedicated to ending hunger and malnutrition by 2030. As African Bank, we believe in this vision, we will be showing our support by helping pack 9720 meals for Early Childhood Development (ECD) centres, which is enough to feed one ECD centre for a complete year!

12/07/2018

Want the best interest rate?

When shopping around for the best interest rate, don’t be fooled by terms such as “market-leading”, “best in SA”, “highest”. Rather do some investigations, find out how interest works and in the end, make sure you’re comparing apples with apples.

21/02/2019

Find out why these Smart Girls Rock!

Find out why these Smart Girls Rock! In honour of Women’s Day this year, we touched base with some of the most inspiring women we know: The young ladies from our Smart Girls Rock mentorship programme.

06/08/2018

Basani Maluleke’s top life lessons

You don’t get to be the CEO of a bank without determination, hard work and a level of self-awareness that helps you overcome the challenges that surely crop up along the way.

06/08/2018

Are you being fraud savvy with your bank cards?

With criminals getting more and more sophisticated with their fraud scams, stolen cards, counterfeit cards and card-not-present (CNP) fraud still remain the three most prevalent types of fraud used to defraud people. It is important that our customers know what each of these three types of fraud means.

08/08/2018

Single Parenting

Single parents are often faced with double the work and double the stress – and half the income. However, with careful planning and discipline, it is possible to set the foundation for a secure financial future for you and your children.

15/08/2018

8 Signs of financial abuse

If someone forcibly controls another person's money or other assets, it is financial abuse – and it occurs in almost all abuse relationships.

21/08/2018

Babies are expensive! Here’s how to cope

There’s no doubt, babies are a celebration. But parents will also tell you there’s no escaping the many expenses that come with that little bundle. It can be overwhelming!

28/08/2018

Do you want to be in control of your debit orders?

The biggest financial industry collaboration in recent years is ramping up across South Africa. Debit order abuse has been on the rise over the past few years, with an alarming increase in debit orders that are processed to bank accounts without permission from consumers. This is a concern not only for consumers and the banks in South Africa, but to the Reserve Bank.

29/08/2018

Do you want to get the most out of your first salary?

Earning your first salary might be tempting to blow your cash on a new wardrobe, luxuries or spoils for family and friends – but if you’re smart with your planning, you could make that salary work extra hard for you.

01/08/2018

Tips to put some spring into your financial plans

Do you find yourself falling short every month because of the little luxuries you’ve indulged in throughout the month? This September, why not take a fresh look at your financial wellness and add a little spring into your planning!

04/09/2018

What does a technical recession mean and what is the impact?

Recession is defined as a substantial decline in the economy’s following five economic indicators: real gross domestic product (GDP), income, employment, manufacturing, and retail sales.

06/09/2018

What will happen to your assets when you die?

Does setting up your last Will and Testament make you think of your mortality? This is the reason why many South Africans delay writing their wills; it’s something many only think of when confronted with a life threatening illness or accident.

14/09/2018

Understanding petrol increase

It seems like every other month we’re experiencing another petrol increase. The big question is WHY? We break it down for you in this blog post.

02/10/2018

Save money with these easy handmade gift ideas

Gift-giving budget might be a little tighter than usual this year. Don’t worry, we’ve come up with a range of easy handmade gifts suitable for young and old.

01/10/2018

Tips from an expert: Grow veggies, save money

We spoke to Joy Phala, the founder of Organic Kitchen Gardens, for some great advice on starting your own vegetable garden.

09/10/2018

25 ways to save money on travel

We’ve rounded up some of the best advice out there to make your next holiday a more affordable reality.

09/10/2018

Maximise your bonus with these 5 steps

Picture this: After a year of hard work you receive a year-end bonus. It’s tempting to gift yourself with an extravagant purchase but rather follow these steps to make your bonus work for you.

10/10/2018

Maximise your Credit Card spend this Black Friday

Black Friday is the most sought-after shopping spree in the world. Before whipping out your credit cards, don't forget on how to protect yourself from credit card fraud.

21/11/2018

Want to apply for a home loan? Grow your deposit first.

Before submitting your home loan application, grow your deposit first for smaller mortgage repayments and improved interest rates. Explore our range of savings products.

09/04/2019

Building wealth through fixed income investing

An investment into cash products can build wealth over the medium to long term and provide a steady and certain return over a fixed term.

24/10/2018

Investment For Retirees

Explore the best investment options for your retirement with the best interest rate in South Africa. Structure your retirement funds. Guaranteed and living annuity.

19/02/2019

Different types of loans to help you get ahead

Most people will require a loan at some point in their lives – whether it’s to invest in a home, buy an engagement ring or open a small business. But be warned that not all loans are created equal and knowing your loan options will help you make the right decision.

13/12/2018

Financial Planning is essential to avoid overspending this festive season.

If you’re not careful this holiday season, your bank balance might take strain. We’ve put together a few important tips to help you avoid common financial mistakes.

13/12/2018

7 Ways to survive on a tight student budget (and still save)

If you’re a student, saving might be the furthest thing from your mind. But, with some smart spending habits, it’s possible to live a good life on a student budget.

13/12/2018

Do you know the difference between good debt and bad debt?

It may seem financially responsible to live debt-free but, if you know how to manage debt correctly, it could help improve your life and even create wealth.

01/01/0001

How to protect yourself against cybercrime this festive season

Many people grow up being taught about crime. Teachers and parents stress the importance of locking your doors at night, saying no to drugs and avoiding talking to strangers.

14/12/2018

5 ways a debt consolidation loan can help

Tidy up your finances with a debt consolidation loan: Combine up to five debts into one and manage it all with one cost-effective payment.

18/02/2019

How to make financial new year’s resolutions that stick

It’s time to think about how to improve the year ahead and if one of your goals is to improve your financial standing, the six tips in this blog post will help.

01/01/0001

Short term Investment options for different budgets

Whether your budget is R100 or R5000 per month, make your money works for you with smart investment strategies.

20/02/2019

What is Wealth Management during Januworry

If November and December seem like one month combined, January feels like it’s three months long! Read this blog post to find out how to establish a wealth management system to survive Januworry.

01/01/0001

Don’t take the phishing bait

Although most people are aware of phishing scams, many still fall victim to fraud schemes. Protect yourself from being a victim with tips in this blog.

01/01/0001

Get your family involved in budgeting

One of the best ways to start budgeting for a new year is to get everyone in the family involved in the family finances. We give you tips in this blog.

25/02/2019

African Bank supports reading

reading, book festival, education, young minds, storytelling, learning programmes, educational projects, literacy.

29/01/2019

Give the best Valentine’s Day gift

Flowers may be overdone, but do you have the budget for romantic spoils? Don’t worry, try these tips to help you select the best Valentine’s Day gift.

07/02/2019

Phishing scams in the spotlight again

Phishing and other online banking scams are once again in the spotlight. No financial institution or individual is immune to these crimes. So how do you protect yourself?

11/02/2019

This is how a financial advisor can help you

A financial advisor is an expert who helps you with the organisation of your finances and forecasts the outcomes of your investments and savings.

17/04/2019

Buying a new car can be like dating

In a lot of ways, the hunt for a new car is like looking for your greatest love. Our advice is to think carefully before jumping into debt for a new car.

11/02/2019

Budget 2019 highlights

Finance Minister Mboweni gave South Africans an update on the state of South Africa’s finances in this year’s National Budget Speech.

20/02/2019

How to handle finances as a couple

Are you struggling to handle finances with your partner and you’re wondering how to have the money chat? Jump right into it with these tips to help you.

26/02/2019

What is financial literacy?

Financial literacy is the knowledge required to be able to make informed financial decisions. It starts with credit, debt and savings knowledge.

08/03/2019

How to get out of debt fast

You can pay off your debt in three steps: know what you owe, plan how you’re going to pay your debts, and track your progress. These tips will put you on track being debt free.

07/05/2019

Save for an education overseas

If you wish for your child to study abroad, it’s important to start saving or investing early. Your first step is to find an investment option with the best return on investment.

11/03/2019

How credit scores work

If you want to buy a house or a car, you will need a good credit score. Do you know what affects your credit score?

13/03/2019

How to compare debt relief options

If you want to pay off your debt, you have to make some tough choices. The first one is which debt relief option to choose.

18/03/2019

New to credit cards? This is how they work

Credit cards offer convenience. Understanding how they work will help in credit card comparison, help you choose the right one, and manage it well.

25/03/2019

Beginners guide to personal loans

Understanding how personal loans work has its financial benefits. Consider this the ultimate beginners guide to personal loans.

22/03/2019

Financial impacts of moving - how to prepare

Moving to a new house can be costly. If you financially prepare ahead of time by finding ways to save money, this experience can be less financially stressful.

28/03/2019

The best way to invest money in 2019

With increased accessibility to the best investment products, investing is available to anyone. Read our blog for some tips on the best way to invest money in 2019.

04/04/2019

The best way to invest is with compound interest

If want to manage your finances and grow your savings, compound interest should be something you learn about. With it, you can earn better returns on your investment.

09/04/2019

Smart borrowing - make your loan work for you

There are some situations where it makes a lot of sense to opt for a loan. Consider these guidelines before you put in that loan application.

15/04/2019

A guide to financial wellness through managing your money

Managing your money can seem like a stressful task, but if you keep these simple tips in mind, you’ll gain more control of your financial wellness and grow your

15/04/2019

Investment tips for beginners

The best way to invest money is to simply start. Whether you’re a seasoned expert or a beginner, consider this the ultimate beginners guide to investing.

16/04/2019

Stash your cash in an emergency fund

If you are struggling with every unexpected expense, you may benefit from an emergency fund. Here are reasons why it’s the best money saving plan.

02/05/2019

Saving plan to withstand load shedding

Planning for the unexpected – like ongoing load shedding - with a money saving plan could mean the difference between financial freedom and failure.

03/05/2019

When to consider consolidation loans for bad credit

A consolidation loan can mean relief for many people with bad credit. Before applying for one, here’s all you need to know about consolidation loans.

03/05/2019

Five rules of successful saving

When it comes to saving, there’s no such thing as an “all or nothing” path. Follow our rules for creating a successful money saving plan.

09/05/2019

The safest way to bank online

The convenience of banking online also brings with it some responsibility to ensuring your banking transactions are secure. Here’s how to do internet banking safely.

14/05/2019

How to build wealth

Building wealth may seem like a difficult task, but if you keep these simple tips in mind, you’ll gain more control of your financial wellness and build your wealth too.

17/05/2019

Saving tips to fund your dream wedding

The cost of funding your dream wedding can easily surpass your budget. Consider this your money saving plan to get your dream wedding.

21/05/2019

Financially dealing with retrenchment

Through a smart investment strategy and advice from your financial advisor, you could be better prepared for retrenchment.

24/05/2019

Children’s education: Start planning today

Getting your child into a good school requires more planning than many people realise. It could involve a savings and investment plan that starts soon after your child is born.

27/05/2019

When is the best time to take out a loan?

If managed correctly, a personal loan can advance your life. If you choose to get a personal loan, you should consider bank loan interest rates and ensure you’re applying for the best loan to suit your needs.

30/05/2019

Change the way you look at the world of banking

If managed correctly, a personal loan can advance your life. If you choose to get a personal loan, you should consider bank loan interest rates and ensure you’re applying for the best loan to suit your needs.

31/05/2019

End procrastination and start investing

One of the most important things you can do for your finances is to start a savings habit. If you struggle with putting things off, here’s 3 ways to end procrastination and start investing.

03/06/2019

Loans can offer more value than you expect

There are many good reasons to apply for a loan, one of the most common being consolidating debt into one short term loan repayment.

04/06/2019

One of the benefits of ebanking is it’s free

ebanking has changed the way people live, work, play and interact with their bank accounts. Don’t miss out on the benefits of an online account.

05/06/2019

Bank together through MyWORLD shared banking

We’ve officially launched our all-in-one banking solution called MyWORLD, which offers the unique ability to bank with your loved ones through shared banking.

06/06/2019

Are you financially prepared to take care of your elderly parents?

We’ve officially launched our all-in-one banking solution called MyWORLD, which offers the unique ability to bank with your loved ones through shared banking.

07/06/2019

Save money with internet banking

We should all be looking for ways to save money, and when it comes to banking, making use of internet banking is one of the most convenient ways to save.

10/06/2019

Best savings options for your child’s education

Education isn’t cheap, so if you’re looking for the best ways to save money it’s important to look at things like a flexible savings account and savings interest rates.

11/06/2019

5 reasons people don’t save money

Are you saving money or are you one of the many people who believe they simply are not able to? You do not have to earn a fortune to put money away each month – in fact, you could start today.

11/06/2019

Best investments for financial peace of mind

Even if you are retired, it is never too late to look at where to invest money to provide for financial freedom in the years to come.

14/06/2019

How to raise financially savvy kids

Everyone wants their kids to enjoy healthy financial futures, but parents often forget to provide children with a good understanding of money. With these steps, you can raise financially savvy kids.

17/06/2019

I like this. I always give thumbs up to any institution that encourages investment. Saving money should be a culture.

Jojo Zikhali Mazembe

I can never be thankful enough to African Bank. My husband was retrenched 4 years ago, so I had to take care of everything in the house, which included supporting my mum and sister who are both unemployed. Got a credit card from African Bank because my young daughter was starting school. I was able to buy school books, paid her school fees as well as my UNISA fees too. Dankie, Ngiyabonga.

Mmule Nyakale

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