Rating based on 8 reviews

African Bank

  • Bad Credit Loans up to R200,000
  • Low-interest starting from 10.5%
  • Repayment up to 72 months

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African Bank homepage
Author African Bank. Screenshot of African Bank website.
[Accessed May 11, 2023]

About African Bank

African Bank is a South African-based financial institution that specialises in providing credit and insurance to individuals.

With over 10 years of experience in the lending industry, African Bank has established itself as a reliable and trusted lender.

A look into the history of African Bank

Founded in 2014, African Bank is a relatively new player in the financial services industry in South Africa. The bank was created as a result of the merger between African Bank Investments Limited and Ellerine Holdings Limited.

Since its inception, African Bank has been committed to providing accessible and affordable credit to South Africans, particularly those who are struggling to secure loans due to their credit history.

What African Bank offers

African Bank offers a range of loan products designed to meet the varying needs of its customers.

Whether you need to consolidate debt, pay for unexpected expenses, or cover education costs, African Bank has a loan product that can help. Their loans range from R2,000 to R350,000, with repayment terms ranging from 7 to 72 months.

Ccommitment to exceptional service

African Bank is dedicated to providing exceptional customer service to its clients. Their knowledgeable and friendly staff is available to answer any questions you may have about their loan products and guide you through the application process. They also offer online resources and tools to help you manage your loan and stay on top of your payments.

Going above and beyond

In addition to its commitment to providing reliable financial services, African Bank is also dedicated to giving back to the community through its Corporate Social Investment (CSI) initiatives. One of their flagship programs is the African Bank Bursary Scheme, which provides financial support to students from disadvantaged backgrounds to pursue higher education.

With a focus on providing accessible and affordable loans to South Africans, African Bank is a reliable choice for those seeking bad credit loans. Their commitment to customer service and community development makes them a trusted and respected institution in the financial services industry.


African Bank Services

From personal loans to debt consolidation loans, African Bank has got you covered.

They offer a range of loan options with competitive rates, flexible repayment terms, and transparent fees.

Their quick approval times, easy online application process, and dedicated customer support team make them a great choice for anyone in need of financial assistance.

Personal loans, debt consolidation, and more

Whether you need cash for unexpected expenses, or want to consolidate your debts into one manageable payment, this lender has a range of loan options available.

Personal loans are available from R2,000 to R350,000, while debt consolidation loans can be taken out for up to R350,000.

Quick approvals and flexible repayment

In addition to its variety of loan options, this lender also boasts quick approval times and flexible repayment terms. You can receive loan approval within minutes, and once approved, the funds are transferred into your bank account within 48 hours.

With flexible repayment terms, you can choose to repay their loan over a period of 7 to 72 months, depending on the loan type.

Affordable interest rates and no hidden fees

When it comes to fees and rates, this lender aims to keep things transparent and affordable. Interest rates are competitive and personalized according to the borrower’s credit profile.

There are no hidden fees, and you’ll be provided with a clear breakdown of all costs upfront, so you can make an informed decision.

Easy online applications

In addition to their affordable rates and flexible terms, there are several other benefits to choosing this lender.

Their online application process is quick and easy, allowing you to apply from the comfort of your own home. They also have a dedicated customer support team available to assist you with any questions or concerns you may have.

African Bank – Bad Credit Loan

  • Loan Type Bad Credit Loans
  • Interest Rate from 10.5%
  • Loan Amount up to R200,000
  • Repayment 90 days to 72 months

Benefits of African Bank

  • Affordable repayment terms
  • Flexible loan amounts
  • Easy online loan application

Bad Credit Loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This bad credit loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Looking to apply for a loan from African Bank? Here’s what you need to know

Before applying for a loan, it's important to know if you meet the eligibility requirements. African Bank requires that applicants be over 18 years of age and provide proof of income.

Documents needed to apply

To apply for a personal loan, you’ll need to have the following documents on hand: your most recent proof of income, your latest 3 months' bank statements reflecting 3 salary deposits, and proof of identification.

The process of applying is hassle-free and fast

African Bank makes it easy to apply online with a quick and simple process. Just visit their website, fill in the application form, and upload the necessary documents.

The process is hassle-free and fast, allowing you to get a loan offer suited to your lifestyle in no time.

Benefits of Applying with African Bank

There are many benefits to applying for a bad credit loan with African Bank, including flexible payment options that range from 7 to 72 months, competitive interest rates from 15% to 24.50%, and the ability to choose your break from payment on qualifying loans with their unique Choose Your Break feature.

How African Bank's CSI initiatives are making a difference

At African Bank, they take Corporate Social Investment (CSI) seriously. They focus on education and financial literacy to help create a brighter future for all.

With initiatives such as the African Banker Programme, the African Bank Schools Investment Programme, and the African Bank Bursary Programme, they are making a real difference in the lives of many.

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African Bank is a trusted & reliable provider of bad credit loans

In our review, African Bank adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ African Bank is a registered credit provider in South Africa: NCRCP7638

African Bank Contact

Physical Address

Postal Address

  • Private Bag x170, Johannesburg, 1685, South Africa

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed