Rating based on 475 reviews
About ABSA Group
Absa Bank is one of South Africa's largest and most respected banks. We care about or customer's financial well being and strive to do more than we're expected to do.
Whether you're a new customer, a loyal long-term customer or a student looking to open your first bank account or get a small quick loan - we're reliable, affordable and will work with you to make things happen.
We look beyond the now
Absa is a banking giant that looks to the future and strives to find new and innovative ways to make banking, lending, transacting and saving easier and more sensible for our valued customers.
We have an innovative way of thinking and strive to bring growth to the lives of our customers, to our communities and to our beautiful country.
What ABSA Group can offer you
Absa offers a wide range of credit cards including our co-branded British Airways and Avisos cards as well as a student and transaction account designed for those looking to build a good credit score.
We offer personal loans, car loan and everyday transactional account which are flexible and affordable.
Get an express loan with ABSA
We offer an express loan which allows customers to borrow from R1,500 to R8,000.
This loan is ideal for cash emergencies and requires the applicant to be earning R1,500 or more per month. We also offer a quick loan which is available to existing ABSA customers who are provisionally approved for this product.
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In a Nutshell
- Average processing time 1 to 24 hours
- Online application
- In-store application
- Unsecured loan option
- Secured loan option
- Early repayment
Getting your Quick Loan with ABSA
If you are looking for a loan ranging from R250 to R3,000 than our fast loans are ideal for your needs.
With this loan, you only need to be earning R250 per month and have an Absa account as well as be provisionally approved for the loan. You do not need to complete any form and can withdraw the funds at any ATM or Absa branch at any time.
Getting a personal or express loan
Our personal loans range from R3,000 to R350,000 and are available to existing Absa customers as well as new customers.
These loans offer a loan term ranging from 12 to 84 months and can be used for a range of purposes from upgrading your kitchen to buying a car. To qualify you must be over 18, employed, earning R2,000 per month or more and be a South African citizen or resident.
What can you use the short term loan for?
If you qualify for a short term loan with ABSA Group, you can use the money for anything you wish. What matters to us is the fact that we have assisted you in your time of need. How you decide to use the money is up to you but we hope the intent is always for something important. If you don’t want to use the short term, loan for an emergency, it can always wait until payday.
We always advise our customers to know the difference between a financial need and want. This way, you will also be protecting your credit profile. Once you ruin your creditability, it takes a great deal of effort to repair it again.
Can I apply for an additional loan?
A second short term loan will depend on whether you are in good financial standing to take another credit plan. We also usually look at how you pay your other advance plans so that we can get a picture of how dedicated you are towards your finances. It is better to first pay off the first loan before you apply for the second type of credit.
Eligibility & Requirements
- Employed full-time
- Credit check
- Recent pay slips
- Bank statements
- Proof of address
Other Products & Services
- Bank Accounts
- Save and Invest
Customer Reviews & Testimonials
ABSA Group afforded me a short term loan when I needed it the most.
— Gauteng —
The short term application process that ABSA Group uses is simple to follow through and quite convenient too.
— Soweto —
I was so happy to be assisted by an agent that was patient and walked me through the entire process.
— Northern Cape —
Within a day, I already knew of my loan outcome. I was happy to see how fast the loan application process goes.
— Rustenburg —
A few minutes was all it took before I was told that my loan application was successful.
— Pinetown —
Here’s a short video about ABSA Group
- Adderley St, Cape Town, Foreshore, 8001, South Africa
- Monday 08:30 – 15:30
- Tuesday 08:30 – 15:30
- Wednesday 08:30 – 15:30
- Thursday 08:30 – 15:30
- Friday 08:30 – 15:30
- Saturday 08:00 – 13:00
- Sunday Closed –