Absa Personal Loans Review


Product Review

If you are looking for a way to pay for an unexpected event or just want to improve your lifestyle a bit, you are able to with a personal loan from Absa.

You are able to borrow between R3000 and R150 000 and the repayment period can range from 12 to 72 months.

Once you are approved for the loan your fund will be in your account and you can use it anywhere that you want.

Application Process

If you are an existing Absa customer then you will need to login at Absa Online and select apply for a personal loan.

You will then simply enter the required information and you may receive your loan in as little as 10 minutes.

If you are not an Absa customer then you will need to apply online and complete the form or you are able to head to your closet branch.


  • Immediate access to funds on approval
  • Competitive interest rates
  • Flexible repayment terms
  • You can pay your loan off faster
  • Easy approval for extra funds
  • A Credit Protection Plan.


Interest Rate/APR

9.75% – 32.1%. Depending on size of loan and term

Implications of Non-Payment

If you miss a payment, you’ll have to pay penalty fees and it will affect your credit record badly.

Financial Implications

No collateral is needed to apply for your personal loan as your application is based on your credit worthiness.

Potential Impact to Users’ Credit Score

Bank credit checks affecting credit score


Unless stated otherwise there are no renewals for the loan service.

Collection Practices

Debit order over the repayment period