ABSA Group Limited previously known as Barclays Africa Group Limited was founded in 1991 and is a financial service provider offering a full scope of services to individuals. 

ABSA is part of the pan-African group, and they intend to continue being a well-respected brand.

They’ve made it their commitment to uncovering custom-made solutions that are unique enough to tackle local challenges. They place special emphasis on generating real value for their stakeholders.

To date, they offer an array of products and services that reach a global market. Listed on the Johannesburg Stock Exchange (JSE), Absa holds the title of being one of Africa’s biggest financial services groups, existing in 15 countries.

Absa Bank, a subsidiary of the Absa Group, is a renowned financial institution in South Africa that offers a wide range of financial solutions. These include retail, business, wealth management, corporate, and investment services.

The bank's vision is to create sustainable shared value and become an essential part of its customers' and clients' life journeys, empowering them to accomplish more and recommend the bank to others.

Absa takes pride in its African roots and seeks inspiration from the diverse individuals it serves, embodying qualities of courage, passion, and preparedness, with a strong desire to make Africa proud.

What is Absa’s purpose?

Absa’s main purpose is to show you that life is filled with endless possibilities. They believe that you should be provided transformative power, which can be accessed through the many financial services they offer.

These financial services can assist you to prepare, imagine, and give you the drive to change your life for good. Absa looks to continuously create innovative concepts and technologies that can revolutionise the future.

They want to shape a world that strongly believes in financial activities and progress that's beneficial for all. Absa’s vision is rooted in manageable growth. They aim to build a generational advantage for you, their communities, and their staff members globally.

Absa’s Values

• Absa operates through peak performance, to obtain a successful outcome while taking full accountability for their results – They test new methods and act fast when making important decisions. They learn from their mistakes, accept failures, and take risks while changing the course of direction if needed to be.
• Their biggest strength comes from their employees – Absa celebrates diversity, and through different perspectives, an advanced future can be created. The powerful collaborative energy of their employees is a major contributor to their growth.
• Customer-focused – They have an inquisitive mind, which always seeks to meet your needs.
• They surpass your expectations by going the extra mile.
• They have an African imprint – They’re looking to shape the African continent through their innovative Absa experience, and they’re constantly interacting with their communities to bring solutions and possibilities.

The best solution available when you’re cash-strapped is Absa’s express loan.

An express loan is a short-term loan with a fixed repayment plan which can be taken up to 6 months. If you’re employed and earning a monthly salary of between R1,500 and R8,000, you could be eligible for an Absa online loan.

Why should you opt for an express loan?

• Secure a clean credit record – Applying for an express loan with Absa can have you enjoy a short-term loan while building a clean credit record. These loans offer affordable monthly instalments.
• Useful ways to budget – With Absa’s fixed interest rates, your instalment stays the same, despite constant market fluctuations. An express loan can assist you in emergencies or unforeseen circumstances.

Absa online loan options

Express Loan

This is a short-term and unsecured solution that offers swift cash access. This loan is designed for individuals who require immediate funds and provides a repayment period of up to six months.

Borrowers with a steady monthly income have the opportunity to obtain a loan amount ranging from R1,500 to R8,000.

One of the key advantages is the convenience of easy repayments through a debit order, which facilitates the establishment of a favourable credit history. Additionally, the Express Loan features a fixed interest rate, ensuring that the monthly instalments remain consistent even if interest rates fluctuate.

Whether it's for unexpected emergencies or a quick weekend trip, the Express Loan caters to short-term financial needs. Application for the loan can be made online or at any Absa branch by submitting the required documentation.

Instant Loan

Absa provides an exclusive Instant Loan option to its customers, granting immediate access to cash ranging from R350 to R8,000.

This loan facility offers convenient transactions through multiple channels, including Absa ATMs, cellphone banking, and Absa Online, without the need for extensive paperwork.

Repayment occurs automatically on the next salary date within a 35-day period. The interest rate and initiation fee vary based on the customer's profile and the number of Instant loans obtained in a year. 

How does it work?

• The minimum repayment term is one month, while the maximum is six months.
• There’s a 5 % maximum monthly interest rate (APR) for first-time loan applicants, or you can opt for 3% if you’ve taken a loan within the same year. This includes initiation and service fees.
• An Absa online loan of R5,000 with a 6-month repayment term and interest rate of 5% will see you paying R1,200 monthly. This instalment is subject to terms and conditions.
• When applying for an express loan with Absa, credit protection is required. Alternatively, you can opt for a credit life plan for the duration of your loan term.