Rating based on 44 reviews

Car finance offered by Absa

Updated

  • Drive your dream car
  • Low-interest starting from 9.25%
  • Repayment up to 72 months

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Absa homepage

Author Absa. Screenshot of Absa website. [Accessed June 11, 2020]

About Absa

Absa Bank Limited is a subsidiary of Barclays Africa Group.

They're listed on the Johannesburg Stock Exchange and provide a complete range of banking services to individuals, businesses, and corporations. They offer investment banking and wealth management as part of their commitment to serve South Africa's people and organizations.

ABSA is dedicated to you 

When you're looking for vehicle financing you want a bank that's going to cater to your needs quickly and efficiently.

ABSA offers a very fast turn around time that ensures you receive your car loan in record time. They'll use their expertise to help you through every step of the process until you have the keys to your new vehicle.

Absa's dedicated to serving you by providing advanced personalized solutions based on their extensive expertise and experience.

Over the years, they've expanded their banking and financial operations to other countries on the African continent including Botswana, Zambia, Mozambique, Nigeria, and Namibia.

Absa Services

ABSA's had a facelift and their new marketing campaign focuses on their unique African identity and the letter A. Absa bank strives to be the best and the first bank that comes to mind when you're looking for any financial solution.

The A corresponds to "Alpha" in the Roman alphabet which is a symbol a beginning. The logo is the main visual representation of a company.

That's why their colour scheme has to be chosen carefully so as to have the greatest psychological influence on consumers.

Banking experts on your side

The red colour in the Absa logo is a symbol for vitality, energy, and excitement.

This campaign has given the bank modern appeal and makes them stand out among their many competitors.

The logo design is focused on presenting the brand as the trend-setting leader in the provision of financial services.

The bank has retained its number one position as the leader for both consumers and experts.

Absa Product Details

  • Loan Type Car finance
  • Interest Rate from 9.25%
  • Repayment 24 months to 72 months

Summary of Services

  • Paying a DEPOSIT will:
    • Reduce your monthly payments
    • Reduce interest over the term
  • BALLOON Payment Available
  • Competitive interest rates
  • The best loan deal for your needs

For quick car finance & instant pre-approval, apply with ABSA today

Having your own car is the best way to avoid having to rely on lifts or the public transport system.

Everyone would love to own their own vehicle but they are very expensive and very few South African citizens can afford to buy one without a little bit of financial assistance.

Vehicle loans designed to suit your budget

Absa offers vehicle financing to get you into the driver’s seat of the car of your dreams. Use this Absa car loans review to find out whether the solutions this bank has to offer are right for you and suit your budget.

Absa's undoubtedly a reliable lender. The bank is part of Barclay's Group and a solid position in the South African financial market as well as other countries on the continent. ABSA vehicle loans are available for financing instalment sales and leases as well as direct sales through dealerships or through private sales.

If you select an instalment sale loan, you'll have access to a customized repayment schedule for a maximum of 6 years. This schedule allows you to repay your car loan over customized instalments so that you can easily afford the car loan without too much stress.

An ABSA loan allows you to obtain cash for paying your lease instalments. This type of loan has some of the most favourable terms which will help you save money while helping you feel comfortable about paying back the borrowed amount. One important thing to note is that Absa offers Shari'ah compliant vehicle finance which is specially designed for Muslims.

The online application saves you time and effort

The easy accessibility of personal loans is one of their main benefits. You can use the calculator on the bank's website to determine how much you'll need to borrow and apply directly for your loan online.

This process will save you time, effort, and money. When it comes to interest rates, they're among the most affordable that you'll find in South Africa. Of course, in order to take advantage of these rates, you should have a good credit history and credit score.

ABSA car loans are available in a variety of different sizes

Use Absa's car loans to finance the purchase of a sports car or a recreational vehicle. The only limit to the loan amount will be your own affordability and ability to repay. Overall, Absa car finance is a great choice for busy people who are looking for easy and affordable vehicle finance.

man holding thumbs up

Absa is a trusted & reliable provider of car finance

In our review, Absa adheres to the compliance criteria in accordance with NCA regulations, where the granting the loan will not cause financial distress to the consumer.

Absa is a registered credit provider in South Africa: NCRCP7

Customer Reviews & Testimonials

May 2019

They go above and beyond trying to help where ever they can the service is amazing.

Claire P
— Cape Town —

June 2019

I can’t believe how quickly my loan was approved for my car I am so grateful to ABSA they have fantastic service and they do mean to help you.

Mel B
— Cape Town —

June 2019

I got the car of my dreams because they accepted my loan and I was paid in a few days you honestly can’t go wrong with them.

John S
— Port Elizabeth —

Absa Contact Details

Physical Address

  • 180 Commissioner St, City and Suburban Johannesburg Gauteng 2000 South Africa
  • Get Directions

Absa Universal Branch Code

  • 632005

Postal Address

  • PO Box 7735, Johannesburg, 2000, South Africa

Opening Hours

  • Monday 08:30 – 15:30
  • Tuesday 08:30 – 15:30
  • Wednesday 08:30 – 15:30
  • Thursday 08:30 – 15:30
  • Friday 08:30 – 15:30
  • Saturday 08:00 – 11:00
  • Sunday – Closed