African Bank personal loans are short term loans that give you access to between R 1 500 to R 12 000 in cash. You have between three to nine months to pay back the loan amount.

Long-term personal loans of up to R 180 000 are also available through African Bank personal loans, and you have up to 84 months (or shorter) to pay back the loan amount.  When you apply for credit, you will get a response immediately. You can decide to have your monthly instalments deducted directly from your bank account or directly from your salary.

With African Bank, you don’t have to wait for life to start. You can enjoy the lifestyle you want now, with African Bank’s personal loans tailor made for you. You might need credit for adding that extra room to the house, for your own or your child’s education or may want to pay off your debt.Whatever your needs, African Bank offers personal loans up to R180,000* with comfortable terms of up to 84 months* to repay. Or, if you prefer, shorter repayment plans are also available.

Loan Repayment Table Loan amount  R12,000  R15,000  R25,000  R32,000  R80,000  R180,000 Loan term (months) 36 42 48 60 72 84 Fixed monthly repayment* R733 R830 R1,199 R1,351 R2,638 R4,766 Monthly instalment as a % of capital* 6.1%  5.5%  4.8%  4.2%  3.3%  2.6%  Total repayment*  R26,385  R34,864  R57,537  R81,086  R189,956  R400,377

Short Term Personal Loan

At African Bank we understand that some things can’t wait. That’s why when you apply for credit, we respond immediately. With personal loans from R1,500 to R12,000* and payment terms between 3 to 9 months*, you can deal with unplanned expenses, pay for smaller purchases or anything else.Of course, bigger loan amounts with longer repayment terms are also available should you need them.

Loan Repayment Table Loan amount  R2,500  R5,000  R5,000 Loan term (months) 3 6 9 Fixed monthly repayment* R964 R988 R720 Monthly instalment as a % of capital* 38.5%  19.7%  14.4%  Total repayment*  R2,893  R5,927  R6,477