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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 June 18, 2020]

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.

We 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 it.

We’ve always aimed to embrace our rainbow nation’s diversity, and we always will.

Dedicated to supporting the country

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

While we supply our clients with affordable and reliable services through our banking operations, we also have a number of charity and outreach programs.

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

Overcoming adversity, in favour of diversity

As we’ve already mentioned, overcoming challenges in our beloved country has been of paramount importance to us from our inception.

We believe all of South Africa’s citizens deserve equal access to service, and we provide it, even when it comes to helping people with their property finance needs.

We want all our customers to leave knowing they received the friendliest, most sought-after service in finance, and we achieve that through our caring company policy.

By using our services, you help us create the ideal South Africa we envision.

African Bank Services

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

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

The exceptional range of services

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

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

A unique approach to finance

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

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

Our account benefits

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

We 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 we don't offer home loans, we 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

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

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

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

What we need from you to get started

To become a client, we need a copy of your RSA ID, 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 we can tailor-make a loan that suits your pocket.

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

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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

Contact Number



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