The 12% Loan
With a low interest rate fixed at 12% you will always have the peace of mind of knowing that your repayments will stay the same, with a fixed interest rate and fixed monthly repayments
More about the 12% Loans
What you need to apply for a 12% Loan
To get a 12% Loan offer suited to your lifestyle, you will need to have the following documents on hand:
Most recent proof of income e.g. latest payslip
You must be over 18 to apply for a Loan
Latest 3 months bank statements, reflecting 3 salary deposits
With Credit Life Insurance your debt is covered for the following insurable events:
Settlements

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

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.
Exclusions

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
Updated terms and conditions
*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 installment amount payable R 2 036.03, total payable R 24 432.41What our customers are saying
Click call me back to speak to our consultants
or apply to create an application online.
Thank you for using our call me back
option. We will be in touch soon
From the bank where Everybody is Somebody.
