Personal unsecured loan
Our unsecured loans are offered to customers and non-customers. We help you achieve your ambitions with our competitive interest rates and a loan amount that matches your financial resources.
What you can expect
- Competitive interest rates start from 8%.
- Settle your loan whenever you wish with no early repayment fees.
- You can choose a repayment term of up to 84 months.
- Apply for an unsecured loan even if you are not yet an Absa customer.
- Credit life insurance is attached to this loan for your and your loved ones’ peace of mind.
- Swift service provides you with a decision on your application within 2 working days.
- Finance is available from a minimum of Rs50,000.
- The loan amount you qualify for will vary according to your salary and other debt obligations.
- Flexible repayment options from 6 months to 7 years apply.
- If you already have a loan with another financial institution, we can buy it back.
- Annualised percentage rate (APR) from 8.45% applies.
- Identity document, birth or marriage certificate (if applicable) and utility bill not older than 3 months
- Last 3 months’ bank account statements
- Your latest salary slip (new customers) or a copy of the latest salary slip (fixed income only)
- 12 latest salary slips and 3 months' latest bank statements (if you earn regular overtime/commissions)
- Letter of outstanding balance from other banks/financial institutions (where applicable)
- Work contract if employed less than a year
All documents are required in their original form. The list of required documents mentioned above is indicative only. The bank may at any time request additional documents or information to process your application(s).