Let's #GrowForIt together

A movement for those who understand that it's about the simple but powerful habit of putting away money each month, while SA's best investment rate of 10.75% helps grow your money quicker.

Our movement says, 'you can save, you will save, and in time you will be able to afford whatever that something is'. We believe in you as much as you should believe in yourself. So, whatever you're saving for South Africa Let's #GrowForIt together

Tell us what you're saving for

and why with a pic or video! Use #GrowForIt tag @africanbank.

Fixed Deposit

Invest a lump sum and earn SA best investment rate and guaranteed returns at a fixed interest rate over a fixed term of 3 months to 60 months.

Best rate of 10.75%

Invest with a minimum of R500

BENEFITS

  • Receive interest payouts monthly
  • 7 days to complete your total opening deposit
  • Access up to 10% of your capital within 24 hours during the term of the investment
Tax Free Investment

Invest at the best interest rate in SA Tax Free.

Invest from as little as R50.

To grow your money for as long as you simply maintain a minimum balance of R500

BENEFITS

  • Invest from as little as R50.
  • Invest up to a maximum of R33 000 per year.
  • To grow your money for as long as you simply maintain a minimum balance of R500
Access Accumulator

Need a short-term loan you can pay off quickly? We’ll give you a fixed interest rate so you know exactly what you’ll be paying back each month.

FROM R5 000

Depending on affordability, you can borrow up to R50 000

BENEFITS

  • Annual interest rate increases by 0.15% monthly over a 24 month period
  • Interest rate will never decrease for duration of the investment.
  • Apply online in 3 minutes.
Notice Deposits

You can earn the Best Investment Rate for as long as you like and choose to access funds in 7, 32, or 90 days’ notice.

Notice periods of 7, 32 or 90 days

Interest rate of 7.70%

BENEFITS

  • Invest online in 3 minutes.
  • Manage your Investment in 3 easy steps.
  • Make extra deposits from as little as a R100.

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.

Latest original pay slip

Proof of residence

Identity document

Latest bank statement reflecting 3 salary deposits

Know your debt is always covered if anything happens to

  • Retrenchement
  • Temporary lay-off
  • Compulsory unpaid leave
  • Temporary disability
  • Permanent disability
  • Death
Payment options range from 9-72 months.
Interest rate (APR) from 15% to 27.75%
Insurance rate from 5.04% to 5.4%
*Representative example: All prices include VAT, R20 000 borrowed for 12 months . Once off initiation fee (capitalized) R 1197 , Monthly admin fee R68.40. Representative APR 15% ,Representative insurance rate 5.4%. Monthly instalment amount payable R 2 036

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

Payment options range from 9-72 months.
Interest rate (APR) from 15% to 27.75%
Insurance rate from 5.04% to 5.4%
*Representative example: All prices include VAT, R20 000 borrowed for 12 months . Once off initiation fee (capitalized) R 1197 , Monthly admin fee R68.40. Representative APR 15% ,Representative insurance rate 5.4%. Monthly instalment amount payable R 2 036.03 , total payable R 24 432.41

What our customers are saying

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