Personal Loan

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:

Loans from R500 to R200 000
Loans from R500 to R200 000

We offer loans from R500 to
R200 000 paid directly into your bank account.

Repayment period
Repayment period

Flexible repayment periods between 3 to 72 months

Fixed repayment
Fixed repayment

Fixed repayment instalments, providing you with consistency

Sales Contact Centre
Sales Contact Centre

We have a team of Sales Contact Centre Consultants at your service, able to process your Personal Loan over the phone

Quick repayment
Quick repayment

Repay your loan quickly and conveniently, straight from your bank account

24/7 online service
24/7 online service

With our 24/7 online service, you can apply for a loan online at any time or visit any of our branches across the country if you prefer a face-to-face experience

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.

Identity document

Latest original pay slip

Latest bank statement reflecting 3 salary deposits.

Proof of residence

Apply for a Loan today !

Please provide a valid email address

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.


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Information sheet Afrikaans
Information sheet English
Information sheet Sotho
Information sheet Zulu
Income Expense Declaration

Payment options range from 3 to 72 months. Min interest rate (APR) from 10,5% to Max interest rate (APR) of 28,0%.
Min insurance rate from 5,0% to Max insurance rate of 14,0%.  Insurance flat fee of R12.

*Representative example: Credit of R20 000 borrowed for 12 months. Once-off Initiation fee: R1 197.Monthly admin fee R68,40.
Representative APR 10,5%. Representative Insurance Rate of 10%. Insurance Flat Fee R12.
Monthly instalment amount payable: R2 049,05. Total amount payable: R 24 588.60