Rating based on 81 reviews

African Bank Consolidation Loan


  • Debt consolidation up to R250,000
  • Low-interest starting from 15%
  • Repayment up to 72 months

In-page navigation

African Bank homepage

Author African Bank. Screenshot of African Bank website. [Accessed August 31, 2021]

About African Bank

We are constantly modernising financial solutions that are more accessible and more valuable. We like to call it humanity through banking.

We strive on a daily basis to drive our brand ‘humanity through banking’. African Bank is signified by the people who work for us they also signify the diverse residents of South Africa. Thus we are a reflection of all South Africans.

A leader in the financial industry

It doesn’t matter what your circumstances or situation is, we have confidence that individuals who deal with us will say “I was treated with humanity”. When you are looking for a credit specialist that you can trust, you should turn to African Bank – the current leader in the provision of personal unsecured credit facilities in South Africa.

We help achieve your goals

Our expertise allows us to understand your financial needs fully and to help you achieve your goals. Through our affordable and convenient online loans, you will enjoy the better lifestyle that you have dreamed of.

By working with us, you will get personal attention, high chances of instant loan approval, quick money transfer, some of the best interest rates in the country and personalised repayment schedule. We encourage responsible credit management through special rewards.

African Bank Services

Work with reliable credit institutions for obtaining the credit solution which you require.

Simplify your debt with one consolidation loan

Combine up to 5 loans into one single consolidation of up to R250 000 and get one lower repayment.

When you apply for a loan, you can expect an immediate response from us. We will provide an adequate solution quickly so that you can resolve your financial emergency which you are in or pay for something important like a big purchase or a family holiday. If you need a larger loan with a longer term, this can be arranged quickly as well.

Simple & effortless

When you have mounting debt and you struggle to pay all monthly instalments, you should look for a timely and effective solution.

A reliable lender

African Bank is one of the most reliable financial companies in South Africa. We have an impeccable reputation for our transparent lending policies and our high-quality credit products.

You will receive professional service based on expertise and care for the individual customer.

You can trust the African Bank completely.

African Bank – Debt consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate 1527.5% p/a
  • Loan Amount up to R250,000
  • Repayment 18 months to 72 months

Benefits of African Bank

  • Lower Repayments
  • Flexible Terms
  • Easy Process

Use African Bank to consolidate your debt quickly & effortlessly

Is to be a successful Retail Bank that offers an extensive variety of products, solutions and services to all our fellow South Africans and to provide value and go the extra mile.


We are committed to having open and honest communication in all our dealings, be that verbal or written. We are committed to allowing for different viewpoints and promise to express our own, courteously. We commit to be accountable for our activities and accept accountability for them. We deliver on our promises and reveal the results of our undertakings.

The debt consolidation loans of African Bank are designed to be in line with the needs and requirements of our clients. You can expect a high level of flexibility when it comes to the loan amount and the repayment options. You can consolidate up to R250,000 without placing collateral. This is a sufficient amount of money even for those who are in serious debt.

The maximum repayment term is 72 months

We are here to assist in the best possible way and have your best interest at heart; we will help you save on interest. It is advisable to borrow only what you need so that you can be certain that you are able to afford the monthly repayments comfortably.

The interest rate is based on the prime interest rate set by the South African Reserve Bank. This rate is currently 8.5%.

The actual rate is based on your creditworthiness

You can apply for a loan online as well as in one of our branches. You can expect a pretty quick reply, but you will have to disclose personal details before you can receive the loan amount. It is important to note that you can only use your consolidated loan for the repayment of existing debt.

African Bank online debt consolidation loans are helpful and fairly easy to obtain.

Should you feel that you are in over your head with debt, our consolidation loan could be the answer!

man holding thumbs up

African Bank is a trusted & reliable provider of debt consolidation

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: NCRCP7638

Customer Reviews & Testimonials

March 2019

African Bank ensured that I get a loan on the very same day I applied for it.

Richard T
— Pietermaritzburg —

November 2018

I was happy when I saw the amount of money I would be saving on interests on my African Bank loan.

Amber D
— Richards Bay —

African Bank Contact

Physical Address

Postal Address

  • Private Bag x170, Midrand, 1685, South Africa

Opening Hours

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