However, you imagine your future, planning is important and improving your finances is often a top priority. Our Personal Loan is designed to support you with your plans, giving you financial aid during times when perhaps your priorities don’t fit your pocket.
Whether you’re buying a car, renovating your home or putting money towards something you’ve always wanted, here’s why a Personal Loan could be right for you:
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.
Apply for a Loan today !
Your credit is insured
Rest assured that your credit is insured should anything happen to you that would prevent you from making repayments.
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.
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.
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 about taking out a loan with us? Click on any of the informative African Bank Credit and Personal Loan brochures below to download.
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