ABSA Personal Loans

ABSA is a subsidiary company of the Barclays Africa Group. They offer retail and business banking products, and wealth management services. Personal, express, and instant loans are also offered to those who need access to quick cash. They also have home and vehicle finance, student loans, and debt consolidation products.

You can apply for their loans by creating an account online. You can also visit a ABSA branch near your location or call them at 0860 100 372.

Requirements:

  • You must be a South African at least 18 years of age
  • You have a bank account where your income is regularly deposited
  • You must be earning a monthly income amounting to at least R2 000

Loanable amount: R3 000 to R350 000

Interest rates: APR up to 17.5%

Repayment period: 12 to 84 months