For personal loans that must be repaid over a 12-month period, the minimum monthly income requirement is R2,000; for loans that must be paid back in two to six months, it is R1,500.

Pre-approval for current Absa customers can happen quickly, however the approval process for new clients may take a little longer. Once authorized, the loan money is promptly deposited into your account.

Yes, Absa gives you the option to combine your personal loans with other Absa loans. This makes managing your debt simpler and could perhaps result in lower overall interest payments.

Yes, Absa Bank provides optional credit protection insurance to protect your debt in the event of your demise, incapacity, serious sickness, or layoff. This insurance offers more safety and assurance.

Absa Bank Personal Loans have a tailored interest rate of prime + 17.5% annually. Depending on your credit risk and the length of the loan, the rate may change.