Personal Loan
Planning to buy a car, renovate your home or improve your education? Our Personal Loan offers many features which give you more value than you might have expected.
More about the Personal Loan
What you need to apply for a Personal Loan
To get a Personal 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
Rest assured that your credit is insured should anything happen to you that would prevent you from making repayments.
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
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