A Personal Loan from African Bank
Your best life awaits you. Take a big step towards it with up to R350 000, customizable terms, and vital cover for life’s unexpected events. Earn 1.3% of your loan instalments back in Audacious Rewards points
Apply for a Loan in minutes!
Use our loan calculator to help you plan your loan repayments. Whether you are planning for your child’s education, building your side-hustle, or transforming your house into your home, a Personal Loan from African Bank can help.
Please enter Loan amount between R2 000 to R350 000
Disclaimer:
This Loans Calculator provides indicative values only. African Bank provides no guarantees or warranties on the values displayed. Only a full Loan application, on African Bank’s website, the Banking App or on Online Banking, or in other channels like our Branches and Call Centre, can provide accurate details pertaining to Loans from African Bank.
We want you to succeed. That’s
why we have fixed repayments
and flexible terms, with Loan
sizes up to R350 000.
Bank safely from the comfort of your
home. You can apply for a product,
download statements, change card
limits & buy prepaid airtime, data,
electricity and water.
Apply for a loan wherever you are, whenever you want, through online banking or the African Bank App.
More about the Personal Loan
We deposit your Loan straight into your bank account.
You can choose to repay your loan over 7 to 72 months.
You know exactly how much you will be repaying each month.
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
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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From the bank where Everybody is Somebody.
