ABSA

In April 1991 Amalgamated Banks of South Africa (ABSA) was established through a merger of the Allied and Volkskas Groups, USB Holdings, and certain stakeholders of the Sage Group.

In 1992 ABSA acquired Bankorp Group (which included Bankfoot, Trustbank and Senbank), thus expanding its customer base and reach.

With more than 38,000 employees globally and over 28,000 in South Africa Absa is one of the biggest banks in the country and across Africa.

Included are Botswana, Ghana, Mauritius, Kenya, Seychelles, Tanzania, Uganda, Zambia. ABSA is also in the UK and USA. They also have an incredible 632 branches locally.

Inspired by you

An African brand, Absa is inspired by the people they serve and intend on always being brave, passionate and ready to realise possibilities.

Absa Bank, a wholly owned subsidiary of ABSA Group Limited offers a wide variety of financial products and solutions to clients across the country. This includes everything from personal loans and transnational accounts to investment and property finance solutions.

There is power in access to financial services

Absa believes you should have access to the power of financial services, to help you achieve your dreams and positively change your life.

Absa vows to find creative means to deliver innovation, to make more possible and to shape a future of progress and economic activity to serve the greater good.

They believe in sustainable growth which benefits generations of their customers, workers and the communities they serve. This growth creates value for its stakeholders.

Fulfilling your needs and delivering solutions

ABSA cares about their customers and like to fulfil their customer's needs and ensure a memorable customer experience.

Being truly African, they deliver a unique Absa experience across the continent, creating better solutions. They engage actively with communities to enable them to realise their possibilities.

With a regular income of at least R2,000 per month, you qualify for a personal loan of R350,000 with up to 7 years to repay.

Absa Personal Loans; Switch and Save

Need extra cash? With Absa, you’re sure to live your dreams and afford unexpected expenses. With numerous pluses to switching your personal loan, Switch and Save make this easy.

According to the 2021 Solidarity report, Absa offers the lowest banking fees in South Africa.

If you’re tired of costly loan repayments, by switching your personal loan to ABSA you're guaranteed the lowest interest rate and will start saving money at once.

Consolidate your debt with Absa

You can combine all your personal loans with a consolidation loan and pay your creditors in one payment. You can also access extra funds to use as you see fit.

If you’re not sure which personal loan product is right for you, ABSA offers a wide range of personal loans so you can choose the best product for your needs.

With ABSA personal loans you can access the credit needed to make ends meet or achieve your goals. You can get a short-term loan, repayable in 2-6 months.

To borrow a smaller amount you will need the following:

• South African ID
• Proof of residence ( no more than 3 months old)
• You must earn a minimum of R1500 a month
• An active ABSA account which reflects your income
• To be at least 18 years old

You may already be pre-approved if you’re an existing customer. You can check this online by signing in to your online banking profile.

ABSA’s credit protection plan

This is obligatory for all personal loans. With this insurance plan you’re covered against the unexpected.

In the unfortunate case of death, or disability, or if you should get a terminal or serious illness, or lose your income, this plan will cover your debts.