Rating based on 87 reviews

ABSA Loans

  • Short-term loans up to R8,000
  • Low-interest starting from 3%
  • Repayment up to 6 months

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Author ABSA Loans. Screenshot of ABSA Loans website.
[Accessed December 8, 2022]

About ABSA Loans

Being one of the largest financial service providers comes with a great amount of responsibility and work.

There are a number of financial services that Absa delivers to ensure that you and your family can get ahead.

One of these provisions includes investment banking. This makes it easy for you to invest and secure your money in a way that will enrich your finances and wealth. 

Wealth management

Absa has become a specialist in wealth management and this has helped them build up exceptional knowledge when it comes to the subject matter.

While they remain one of the best South African microfinance providers of all time, they're also big on large-scale lending, online banking, and investment.

ABSA Loans Services

Patience and huge amounts of effort have taken Absa's brand to soar height, not only domestically but internationally too. 

Red being their choice of color represents power and vibrancy, and their desire to stand out.

A registered credit provider

Although challenges tend to take center stage with any enterprise, having a sound leadership team has ensured that Absa has soldiered on.

They are not driven to succeed without supporting others on the way up. They ensure that clients also flourish and have all of their needs met.

It's no wonder that South Africans have voted for Absa as one of the coolest registered credit providers.

Credit you can afford

Enjoy affordable credit solutions from R350 up to R8,000 and repayment terms of up to 35 days. 

According to the nifty calculator, a loan of R7,000 repaid over 5 months will see you repay a total of R8,113.27. 

This includes an initiation fee of R879.75 and a service fee of R69 and a total interest amount of R978.52. 

ABSA Loans – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate 37% p/a
  • Loan Amount up to R8,000
  • Repayment 30 days to 6 months
  • Monthly Service R69

Benefits of ABSA Loans

  • Competitive interest rates
  • The best loan deal for your needs
  • Flexible repayment amounts

Short-term loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This short-term loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Absa gives you flexible and competitive short-term loans

It's no secret that life has become ridiculously expensive and as a result of that, reaching goals or even just making it through a tough time may require the help of a loan.

When you hear a family complain about their finances, you'll know exactly what they're going through. After viewing Absa's credit offers, you'll be able to determine whether you can afford their loans or not. 

Choose your credit plan

The fact that there are a number of credible micro lenders doesn’t mean you can just select the cheapest one.

It's important to always seek guidance when taking out credit, or at the very least, review your budget and ensure you can afford the loan. However, with the Absa Group's short-term loans, you are not restricted to one credit plan and can obtain the loan quickly, 100% online.

The freedom of credit choice

If you can't manage a cash emergency, a short-term loan might be the answer to your financial problems.

The fact that you can get a quick cash loan up to R8000 and pay it within 6 months doesn’t mean you can’t pay it sooner if you're able to. 

Get up to R150,000

The personal cash loans can be up to R150 000,00 and also paid in installments that are decided upon by you as the customer. The minimal amount you have to earn is only R1500,00, but this will greatly limit the loan amount you'd be entitled to apply for.

Choose a loan term you can manage

You need to choose a loan amount that you can manage financially. Therefore, you need to decide on a loan term that will ensure you can afford the repayments without skipping any of your other financial obligations.

There are a number of accredited financial providers that offer quick loans. The maximum amount you can borrow is instant cash up to R3000 for a total number of 35 days.

The main prerequisite is that you have to ensure that your credit record is clean to avoid being turned down due to you not meeting Absa's minimum requirements.

Absa's clients have gone out of their way to praise this lender's flexibility, dedication, and excellence. If you're looking to take out a short-term loan, try Absa, they're a leading lender for a very good reason!

man holding thumbs up

ABSA Loans is a trusted & reliable provider of short-term loans

In our review, ABSA Loans 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.

✅ ABSA Loans is a registered credit provider in South Africa: NCRCP7

Customer Reviews & Testimonials

April 2019

I got a very affordable short-term loan from ABSA. Thank you.

Arthur M
— Vereeniging —

May 2019

I needed extra money after splurging a little too much while on a girls trip. Absa proved why it’s the best bank in the country because they were so helpful, assisting me with a short-term loan w...

Aaron P
— Parys —

June 2019

As always, the service I got when I applied for a short-term loan was nothing short of excellent. Other banks can learn a thing or two from Absa!

Cindy M
— Worcester —

ABSA Loans Contact

Physical Address

ABSA Loans Universal Branch Code

  • 632005

Postal Address

  • PO Box 7735, Johannesburg, 2000, South Africa

Opening Hours

  • Monday 08:30 – 17:30
  • Tuesday 08:30 – 17:30
  • Wednesday 08:30 – 17:30
  • Thursday 08:30 – 17:30
  • Friday 09:00 – 17:00
  • Saturday 09:30 – 13:00
  • Sunday – Closed