Rating based on 54 reviews

African Bank

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  • Zero monthly charges
  • Explore saving options

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Author African Bank. Screenshot of African Bank website.
[Accessed September 1, 2021]

About African Bank

African Bank Limited operated for over two decades prior to 1998 as a small commercial bank. After which we appointed a new curator and developed into a larger tailor-made banking facilitator covering all the banking needs for business and personal banking around the country.

Offering clients banking solutions with options to manage their finances and identify their actual financial needs, we direct our services with our client’s specific requirements offering a product just for you. We have the vision to improve the quality of life for their clients through affordable, simple and responsible credit.

We help you move forward

We don’t just look at the “now”, we look long term, and think about your future prospects, and how our credit facilities will take you there. African credit solutions offer our clients an easy online loan option that is tailor-made to suit their budgetary means.

We take the time to listen to what our clients want and deliver on those needs. We understand how hard it is to stay above the water in the world of finances and work as hard as you do to keep our clients safely afloat in a time of need.

There is no limit to what we can do for our clients, putting customers first and delivering on simple fast banking solutions makes African Bank the best credit solution firm of choice for you.

African Bank Services

With responsible lending at the heart of our lending products, we stick within the regulations of the National Credit Act and offer loans that you can comfortably afford.

With a range of loan products all offering valuable benefits, you find a loan ranging from between R500 and R150, 000, with flexible repayment options of between 3 and 60 months.

A transparent bank

You know exactly what you are paying with each instalment - Our repayment terms are fixed for the term of the contract allowing transparency and control over your budget every month. With convenient debit orders in place, we debit your instalment directly, so you don’t need to waste time going to the bank to loan every month.

Our convenient application methods are so simple, making banking a breeze -We offer clients an easy online platform, allowing you to access cash from the comfort of your home or office, through a quick turnaround service.

Short-term personal loans

Get an immediate response to your online application and get a pay-out within 24 hours. Loan amounts ranging from R1,000 to R10,000, repayment terms ranging between 3 and 6 months, long-term personal loans, get an immediate response to your online application, loan amounts up to R130,000 and repayment terms of up to 60 months

African Bank – Online banking

  • Loan Type Online Banking

Benefits of African Bank

  • Lower Repayments
  • Flexible Terms
  • Easy Process

African Bank offers credit card solutions & financial tips on managing your bank account

African Bank believes that being in control of your finances and having self-awareness of your budget is the beginning of a healthy financial plan.

The way you behave towards your financial status can improve your creditworthiness long-term. By knowing what your actual income is each month and being able to manage your debt and expenses properly can empower you to be your own money master.

We will help you budget better

Be in control of your money: sticking to a budget allows you to keep track of your expenses, and allows you clarity on what essentially needs to be paid each month.

Keep within your goals: create parameters for your spending, work towards a goal. This will make it easier to stick within your limitations. Be organised: you will know exactly where your money is going each month, and what you need to budget for.

Keep in mind what dates your debit orders are going off, and ensure the right amount of cash in is your account to cover these payments. If you are looking to expanding your cash flow long-term, African Bank offers investment options that are safe and profitable at the end of the day.

You can begin with a minimum payment of R500 per month into your investment option at market leading rates with flexible terms ranging from 32 to 60 days. Investment options available include:

Notice Deposit

  • Short term investment over 32 to 90 days
  • Additional investments of a minimum of R100 allowed
  • Use as a savings account through a debit order
  • Access your cash in full or just take a portion after a term
  • The minimum amount required is R500 per month

Fixed deposit

  • Longer-term investment of 3 to 60 months
  • Fixed interest rates for the duration of the investment
  • Get cash monthly, 6 monthly or annually or a lump sum at the end of your investment term
  • Additional deposits are allowed within the first 7 days only

Apply for a short term or long-term loan

Get short term and long-term loans allowing you to afford the things you need right now or something you always wanted. Pay those unexpected accounts, consolidate your debts and even take that long-awaited holiday abroad.

We offer credit cards to suit your lifestyle, which can be used worldwide, wherever you find the visa sign. Partner with the bank that has your best interests at heart, and offers more than expert advice and quality-driven service.

man holding thumbs up

African Bank is a trusted & reliable provider of online banking

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: NCRCP5

Customer Reviews & Testimonials

April 2019

When I sat down to start discussing my loan with African Bank the first question that I was posed with was how I prefer my lending to be done. So wonderful to know that I have some control over m...

Dylan F
— Boksburg —

May 2019

At African Bank they are not looking to selfishly benefit themselves – they are always trying to find new ways to improve the prospects of their customers.

Taylor S
— Johannesburg —

African Bank Contact

Physical Address

  • 126 De La Rey Rd, Shop 126, Parow Centre Cnr De La Rey & Voortrekker Rd Parow Cape Town 7500 South Africa
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Postal Address

  • Private Bag x170, Midrand, 1685, South Africa

Opening Hours

  • Monday 08:30 – 17:00
  • Tuesday 08:30 – 17:00
  • Wednesday 08:30 – 17:00
  • Thursday 08:30 – 17:00
  • Friday 08:30 – 17:00
  • Saturday 08:00 – 12:00
  • Sunday – Closed