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

Personal Loans Up To R250 000

We deposit your Loan straight into your bank account.

Flexible Terms

You can choose to repay your loan over 7 to 72 months.

Fixed Repayment

You know exactly how much you will be repaying each month.

Easy Application

You can choose to apply online, over the phone or you can choose to visit your nearest branch.

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

?.ToString()

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

?.ToString()

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

?.ToString()

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

Payment options range from 7-72 months.
Interest rate (APR) from 15% to 27.50%
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 R69.00 post 1% VAT increase. Representative APR 15% ,Representative insurance rate 5.4%. Monthly installment 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 7-72 months.
Interest rate (APR) from 15% to 27.50%
Insurance rate from 5.04% to 5.4%.

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 24 432.41

What our customers are saying

Apply for credit

Click call me back to speak to our consultants
or apply to create an application online.

Request for call back received

Thank you for using our call me back
option. We will be in touch soon

From the bank where Everybody is Somebody.

Consultant
call-me-back call-me-back-close