Rating based on 1 reviews

African Bank Home Loan

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

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African Bank homepage
Author African Bank. Screenshot of African Bank website.
[Accessed December 12, 2022]

About African Bank

African Bank was established to deal with the growing need for a bank that can understand the uniquely African needs of clients.

They strive to destroy the prejudice and discrimination that exist in some facets of the banking industry and make essential financial services available to all those who need them.

They’ve always aimed to embrace their rainbow nation’s diversity, and they always will.

Dedicated to supporting the country

They care for South Africa and its people and have gone the extra mile to help alleviate issues in the communities they operate in.

While they supply you with affordable and reliable services through their banking operations, they also have a number of charity and outreach programs.

These include education programs, sport upliftment programs, and entrepreneurial or business loans that they supply to the community and their customers.

Overcoming adversity, in favour of diversity

As they’ve already mentioned, overcoming challenges in their beloved country has been of paramount importance to them from their inception.

They believe all of South Africa’s citizens deserve equal access to service, and they provide it, even when it comes to helping you with your property finance needs.

They want you to leave knowing you received the friendliest, most sought-after service in finance, and they achieve that through their caring company policy.

By using their services, you help them create the ideal South Africa they envision.

African Bank Services

African Bank supplies a variety of services, with many benefits.

They’re available 24/7 as they refuse to let you worry for nothing. They have the best interest rates in the country offering a return interest of 13.33% on most investments. Countless happy customers have benefitted from this high-interest rate when making investments.

The exceptional range of services

They provide a strong set of investment and growth features. This includes loans and other financial products, as they know how difficult it can be to stay ahead of your goals.

They keep their money transfer costs low, at R2.20 to be exact. Why should you pay a fortune to move your money around, when with them, this can be done with coins?

A unique approach to finance

They provide a set of exclusive services, namely personal loans of varying shapes and sizes, debt consolidation loans, and housing finance solutions. They also provide loans at only 15% interest, which is substantially lower than the competition.

These can also be boosted by their valuable deals which offer you a tablet, laptop or cell phone as part of your loan free of charge.

Their account benefits

Their accounts are loaded with benefits that keep adding value. Whether it’s their low-cost banking or their high-interest return on investments - you always get something back.

They even allow you to open up to six accounts, giving easy access to your money and complete flexibility in how you manage it. These accounts can be for growing savings or for taking advantage of other services, including loans and insurance. While they don't offer home loans, they can help you save for a deposit for one. 

African Bank – Home loan

  • Loan Type Home loans
  • Interest Rate 1527.50% p/a
  • Loan Amount up to R250,000
  • Repayment 72 months

Benefits of African Bank

  • Get a quote in 3 minutes
  • Manage your money online

Home loans through African Bank

They supply a variety of business and personal loans, which can be used for a range of purposes.

They firmly believe that every citizen of this country should have equal access to a solid home loan.  Acquiring housing finance can be difficult, especially if you’re in a lower income bracket, but they’re here to help you save for your deposit and transfer fees.

Their comprehensive services can help you secure the home of your dreams, where you deserve to be.

What they need from you to get started

To become a client, they need a copy of your RSA ID, and your contact details including your cell phone number and email address.

Applying for a loan will require you to provide documents reflecting your salary, past credit history, and your current bank statement so they can tailor-make a loan that suits your pocket.

Once they have these, they can begin the process of finding you a financial option that suits you best. It’s all a click away with African Bank, a bank by Africans, for Africans.

man holding thumbs up

African Bank is a trusted & reliable provider of home loans

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

September 2019

African Bank has the best home loans available on the market. Trust me, I’ve checked.

Horace S
— Oudshoorn —

November 2019

Without African Bank, I wouldn’t have the roof over my head that I’ve come to know and love.

Laurence D
— Cape Town —

August 2019

I will always do my business with African Bank, their loan options are the best in the business.

Leticia Q
— Pietermaritzburg —

African Bank Contact

Physical Address

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 – Closed
  • Sunday – Closed