Rating based on 23 reviews

African Bank – Personal loans


  • Low-interest starting from 10.5%
  • Personal loans up to R200,000
  • Repayment up to 72 months

In-page navigation

African Bank homepage

Author African Bank. Screenshot of African Bank website. [Accessed July 24, 2019]

About African Bank

Life is busy and the busier we get the less time we appear to have.

With the current economic situation, saving is becoming more difficult too. In times like these, you need someone that you can trust, someone who will give you the right financial advice to get the wheels moving on the road to your brighter financial future.

What do we stand for?

At the African Bank, we believe in providing personal loans in a human way by ensuring that we create financial solutions that are innovative and are guaranteed to be more valuable and accessible to everyone.

The African Bank family strives to bring our brand to life by representing the diverse population of our country.

You will receive the best customer care

Our employees are well-trained to deal with any and every circumstance that is thrown at them. The goal is for every customer to walk away knowing that they received the very best service possible. At African Bank, we place ourselves in the position of our clients because we are you and we understand.

African Bank Services

We offer a wide variety of innovative, flexible and affordable loan products and services.

Each designed specifically to match the needs and preferences of our clients. Among these quick loan products is the famous ‘personal loan’ which can be the answer to all of your personal needs.

Let’s get personal with personal loans

Personal loans are magical long and short-term loans that can be as large or small as you need them to be. The beauty of these loans is that they can be used to finance anything that your heart desires. Do you want to purchase a new car? Or perhaps it is time to get going on that DIY project that you have been putting off? No matter what the reason for finance, it is a reason that we can get behind.

We have competitive rates

Our personal loans allow you to borrow up to R250,000 and can be deposited directly into your bank account. We also offer flexible terms ranging from seven months to six years with a fixed repayment amount making budgeting more manageable. We offer fair, affordable and competitive rates that will leave a smile on your face. Apply today and you will only be pleasantly surprised.

African Bank Product Details

  • Loan Type Personal loans
  • Interest Rate from 10.5%
  • Loan Amount up to R200,000
  • Repayment 90 days to 72 months

Summary of Services

  • Lower Repayments
  • Flexible Terms
  • Easy Process

A bank that offers loans and so much more

Most financial institutions and lenders treat their clients as another number in the system. We are different that way – we treat each of our clients with the respect and individual treatment that they deserve.

Because life is difficult we want to help ease the pressure in any way that we can which is why we also offer debt consolidation loans to help get you back on track.

Get a handle on your debt today

Another popular use of personal loans is for debt consolidation. Debt consolidation allows you to combine up to five different loans or credit cards into one single loan up to the value of R250,000. The best part about debt consolidation is that you only need to make one repayment every month instead of many. This allows you to budget easier and stand a chance to save a lot on repayments. Do not allow debt to get the best of you, get a debt consolidation loan today.

How do repayments work?

Making repayments has never been easier than with African Bank. We provide an assortment of repayment options including branch payments, debit orders, EFT payments, and cellular banking payments among others. Whatever is the most convenient option for you is perfect for us. Visit a branch near you today to set up the repayment strategy that best suits you and your routine.

Why we are the bank that you can trust

When you are experiencing a problem you go to someone that you can trust. African Bank is the lender that you can trust with all your financial problems and we will provide the solutions. No matter what your circumstances are, our team will work hard to give you the finance that you deserve to move forward in your life. Our staff is friendly, diverse and knowledgeable and more than eager to be of assistance.

It is our belief that banking should be conducted in a fully transparent manner; this means that we will be completely upfront with you about charges and fees and we will not allow you to sign any contracts that you do not fully understand. Our personal loan application process is also simple and fast and can be completed online, telephonically or in one of our branches – whichever is more convenient for you.

What are the qualifying criteria for a loan?

In order to apply for a loan with African Bank, you will need to be over the age of eighteen with a valid proof of residence. You will also need to bring along three recent proof of income along with a bank statement reflecting the three most recent salary deposits. If you qualify against all the above-mentioned criteria, we can get started with designing the perfect personal loan for your circumstances. Take control of your future today – the time is now.

man holding thumbs up

African Bank is a trusted & reliable provider of personal loans

In our review, African Bank adheres to the compliance criteria in accordance with NCA regulations, 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

January 2019

With personal loans up to the value of R250,000, it is easy to be able to make your dreams come true. Thank you African Bank for helping me refurbish my house and turn it into a home.

Ross C
— Bethlehem —

March 2019

The best thing about borrowing from African Bank is their flexible terms. I was able to determine the best course of repayment for my budget and personal income. Thanks for being considerate of y...

Luwayne D
— Johannesburg —

October 2018

I was in the office today and did not know how I would make it down to the bank. That was when I saw that African Bank has an online application. You guys are a godsend!

Tatianna T
— Paarl —

African Bank Contact Details

Physical Address

Postal Address

  • Private Bag x170, Johannesburg, 1685, South Africa

Opening Hours

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