If you have suddenly found yourself in need to pay funds you'd don't have, the Absa Online Personal Loan could be the answer for you. Whether you are paying for your emergency medical bills or saving up for your travel abroad, the Absa Online Personal Loan can help you out in your time of need.

The Absa Online Personal Loan is perfect if you’re after flexible loan amounts and even more flexible repayment terms. You can also get great interest rates if your credit limit allows for it. There are numerous reasons why you might want a personal loan. The important thing is to be clear about your needs.


You should evaluate interest rates, payback terms as well as perks that go along with the loan. Our editors have looked into the Absa Online Personal Lonan for you and have compiled important details. You should read all that is available below before you make a final decision on whether this loan is right for you.

personal loan

What Are the Benefits of an Absa Online Personal Loan?

There is a lot of personal loan options under Absa Bank. Of these, one of the most accessible and inviting offerings under the bank is its Switch and Save Personal Loan. Through this offering, you can say goodbye to expensive repayments. You can even allow the bank to pay your creditors directly!


One of the perks that come with the Absa Online Personal Loan is gaining access to its flexible loan amount and repayment terms. Under this offering, you can get loans of up to R350,000. Loan repayment terms can last up to 84 months, giving you ample time to pay off the amount you borrowed.

Another benefit you will surely appreciate is being given the best interest rate on the market. Should you happen to get offers on lower interest rates, Absa Bank ensures to beat competing loan offers.

Absa Bank also highlights its ability to offer additional funds. Should you come up short for your needs and need more cash on hand, you can easily request to top up your loan or to apply for another personal loan. With this choice, everything is within your reach.


What Are the Fees for an Absa Online Personal Loan 

There is a personalised interest rate that can reach up to a maximum of 17.5%.

For example, a loan amount of R50,000 with a 36-month payment period at 21% interest means paying a monthly fee of R1,998. You may also be subject to initiation or service fees. 

If you are searching for flexible payment terms and low interest rates, the Absa Online Personal Loan is worth taking a look at. Apply now!

Absa Online Personal Loan

How to Apply for an Absa Online Personal Loan

If you are interested in applying for a personal loan, head to the Absa website and click on Apply now. You can also visit a branch near you or call the bank’s hotline. Contact information and a list of Absa branches near you can be found online.

To qualify for a personal loan, you must be at least 18 age years old or older, earning a regular monthly income of at least R2,000. Likewise, having a bank account where your monthly income is deposited is imperative.

In applying for a personal loan, you will need to bring your valid South African or Smart card with you. In addition, proof of residence, as well as your latest three payslips or three month’s bank statements, will also need to be brought with you. If you have existing loans with other lenders, a settlement letter of your personal loans from lenders should also be brought.

If your application is approved, you can take out a loan of up to R350,000.

How to Contact Absa

Head Office: 7th Floor, Absa Towers West., 15 Troye Street, Johannesburg, 2001

Telephone: 0800 11 11 55

Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.