ABSA Student Loan

ABSA has what you need.

At ABSA they are all about family. They don't just give you a student loan. Being committed to giving each customer the personal attention that they deserve. Striving to create a sustainable future for everyone through financial services like student loans.

A true South African bank

They are a truly South African brand. Their mission is to serve the people of South Africa by always being brave, ready, and passionate in making a positive, sustainable change in the country. They aim to empower their customers to reach great heights and in turn recommend them to their families and friends.

What ABSA aims to achieve

ABSA's goal is quite simple. The customers are the heartbeat of ABSA and are at the centre of their purpose. Where there is a possibility, ABSA will be there with the finance to bring those possibilities to life. They want to make positive changes in the lives of everyone on their path.

By giving student loans to youths with a dream they are building a better future. A student loan from ABSA is not just financing, it's making you part of the family.

Let ABSA help you

How many times have there been situations where people have the necessary drive, ambition, and intelligence to study successfully? This has been happening too many times and ABSA is changing that.

To have their courage broken by the fact that they cannot afford to pay for their studies can be devastating. With an ABSA student loan, you don't need to get left behind. They are there for you no matter the situation.

You have now finally finished your school career and you are super excited to jump right into your studies.

You know what you want to do and where you are going to be studying. The only thing missing is the funds to pay for your new journey. A student loan from ABSA is your answer.

What an ABSA student loan offers you

Apart from making you part of their wide family, ABSA's student loans come with many benefits. Not only does ABSA give you the best interest rates possible but there is more. Putting their customer’s needs first they are offering amazing deals.

They have decided to not only match but also beat any better interest rate you can find elsewhere on a student loan. Now that's incredible!

ABSA pays for more than just your studies

Many student loans cover only tuition fees. With an ABSA student loan, you can pay for anything that you may need to better your studies. Not being restricted in this regard allows you to do more with your student loan.

This can be anything from accommodation to tuition fees and books or any electronic equipment you might need. This is just another way ABSA makes life better with their student loans.

Get relief with an instant loan from ABSA

You often need money fast. With an instant loan from ABSA, you can get instant access to funds between R250 and R8000. When the unexpected shows up, apply for an instant loan from ABSA. For this instant loan, you can apply for a loan online and there is no paperwork involved. So if you are strapped for cash, ABSA has your back.

Use the nifty calculator

ABSA has a nifty student loan calculator that’ll show an estimate of what you’d repay on the loan you need. If you’re studying for the first year and choose to pay only interest for that year, on a loan of R50,000, you can expect to repay:

Loan amount – R50,000
48-month repayment term
7% interest rate
Initiation fee – R1,207.50
Service fee – R69
Credit protection plan – R130

Thus, for the first year, you’ll only pay R291.67 monthly and then R1,295.23 monthly until your loan is paid off. You’re estimated total repayment amount will be R65,670.91.