Easily Apply Online for a ABSA Personal Loan

You can now apply for a ABSA Personal Loan online through all ABSA digital platforms which include Absa Online Banking, the Absa Banking App and Cellphone Banking.

Why ABSA Digital platforms

Since the inception of the covid 19 pandemic ABSA has been improving its online systems to allow its customers to do more online instead of going to the branch, with the new norm of working from home people prefer to do things online instead. So now ABSA has roll out improvements especially when it comes to applying for credit or personal loans.

ABSA Personal Loan Benefits

When applying for the ABSA Personal Loan you will get the bellow benefits:

  • Credit Protection Plan
  • Choice to apply for bigger loan amount or small amount
  • Loan amount of up to R350 000
  • Best interest rates

With ABSA personal loan you have a choice to choose a loan between two loan terms or period, you can choose a period of a smaller personal loan over 2 to 6 months or over 12 months or more.

ABSA Personal Loan Requirements

To apply for the ABSA Personal Loan you need to meet the below requirements:
For a personal loan over 12 months or more

  • earn a regular monthly income of at least R2 000 per month
  • have a bank account into which your income is paid
  • be 18 years or older

Smaller personal loan over 2 to 6 months, you need to

  • earn a regular monthly income of at least R1 500 per month
  • have an active Absa bank account into which your income is paid
  • be 18 years or older

Documents you need to apply

  • Your ID book or card
  • Proof of residence (not older than 3 months)
  • Last 3 months payslips or bank statements

How to apply for ABSA Personal Loan

There several ways to apply for the ABSA Personal Loan;

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