African Bank’s Personal Loan is a flexible solution for anyone looking to borrow between R2 000 and R500 000. Terms range from 7 to 72 months, with competitive rates. Flexible repayments and credit life insurance help borrowers manage risk. The application process is easy and can be done online, by phone, or in-branch. Approval is typically quick, and funds are paid directly into your bank account if approved.

How to Apply for an African Bank Personal Loan

1. Visit African Bank’s official website or your nearest branch.
2. Use the loan calculator to estimate your monthly repayments and the amount you qualify for.
3. Complete the application form, providing required details and documents (proof of income, ID, bank statements).
4. After submission, your application is assessed for approval.
5. If approved, the funds are sent directly to your bank account.

Top Benefits

African Bank offers wide loan amounts, making it easy to meet your financial needs, whether small or large.

The process is streamlined, so you can get approval and access to funds quickly, minimising delays.

Flexible terms mean you can tailor your loan to fit your budget, and optional credit life insurance brings peace of mind.

Potential Drawbacks

Eligibility depends on your credit profile and documentation, which may be a challenge for some applicants.

Some consumers may find the minimum term of 7 months and the insurance requirement less suitable for shorter-term needs.

Our Verdict

African Bank’s personal loan stands out for flexible loan amounts, easy application, and strong credit protection. It’s a solid choice for most South Africans seeking a transparent and simple lending option.