Get a PERSONALISED loan from home.

Planning to renovate your home, level up on your education, or maybe you just need an extra bit of relief after a salary cut? Our Personal Loans offer many features which give you more value than you might have expected. With our low interest rates and flexible repayment terms, it’s an easy choice to make. Apply for a Personal Loan with African Bank today.
Personal Loans

Want to achieve your life goals by funding a start-up business, doing home improvements or furthering your studies? Our Personal Loan product is designed to suit your needs.

FROM R2 500

Depending on affordability, you can borrow up to R250 000 and we deposit your Loan straight into your bank account


  • Fixed repayments: you know exactly how much you will be repaying each month
  • 24/7 support via our Chatbot Karabo and Contact Centre
  • Choose to repay your loan over 7 to 72 months
  • Borrow up to R250 000
Consolidation Loan

Struggling to make multiple repayments to different lenders? Consolidate your debt and make a single, reduced monthly payment on the terms you choose.


Consolidate up to five accounts without any settlement quotes


  • Prime linked interest rate
  • 24/7 support via our Chatbot Karabo and Contact Centre
  • Choose to repay your debt over 7 to 72 months
  • No settlement quotes required
15% Loan

Would you like to improve your cash flow and repay in a short term? We’ll give you a loan with a fixed interest rate so you know exactly what you’ll be paying back each month.

FROM R5 000

Depending on affordability, you can borrow up to R50 000


  • Fixed repayments
  • Choose to repay your loan over 12 to 18 months
  • 24/7 support via our Chatbot Karabo and Contact Centre

What do you need to apply for a loan

Why applying for a loan can benefit you?

You’d typically be looking at applying for a personal loan to overcome a large, once-off expense. This could be something like renovating your home office, replacing your laptop or covering an unexpected major expense.

  1. Easier to manage

Having one fixed payment per month is a lot easier to manage than having multiple credit cards with different interest rates. It is a predictable repayment schedule, where you know exactly how much you would be required to pay back per month.

  1. More money than a credit card

A personal loan could provide you with a larger amount of money than a credit card limit and, potentially, at a better interest rate. This is because you would be paying a fixed rate per month. 

  1. Better credit rating

By taking out a loan and paying it back within the time frame specified, you’re improving your credit rating. Should you require another loan in the future, banks would be more willing to lend you the money because they know you’re a reliable lender. In the current economy, you never know when you may need to apply for another loan.



Latest original pay slip


Proof of residence


Identity document


Latest 3 months bank statements reflecting 3 salary deposits

Click to view terms and conditions

Payment options range from 9-72 months.
Interest rate (APR) from 15% to 27.75%
Insurance rate from 5.04% to 5.4%
*Representative example: All prices include VAT, R20 000 borrowed for 12 months . Once off initiation fee (capitalized) R 1197 , Monthly admin fee R68.40. Representative APR 15% ,Representative insurance rate 5.4%. Monthly instalment amount payable R 2 036.03 , total payable R 24 432.41

What our customers are saying

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