Rating based on 55 reviews

African Bank


  • Debt consolidation loans up to R250,000
  • Low-interest starting from 15%
  • Repayment up to 72 months

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African Bank homepage

Author African Bank. Screenshot of African Bank website. [Accessed February 20, 2020]

About African Bank

African Bank has been dedicated to providing excellent financial services to South Africans for many years now and continues to do so today.

Their team works hard to assist South Africans to remain financially fit – one of these ways is by providing debt consolidation loans.

More about South Africa’s favourite bank

African Bank believes in a philosophy we like to call “humanity through banking”. There are many ways to help a person but African Bank is pursuing the avenue of financial sustainability. We work hard to remain at the top of our game and supply financial solutions that are both of value and easily accessible.

Transparent banking services

Above all, African Bank values transparency; by being committed to open and honest communication we can assist our customers efficiently and effectively. We always fully disclose all information about loans and deliver on our promises. But – our main purpose – is to advance South African lives through financial and related services.

What African Bank can offer you

Debt is a horrible thing – and often it starts with swiping your credit card. But, we are all human, and it is not difficult to get caught up in the moment.

But, the good news is, that African Bank has a loan designed specifically to assist those suffering from debt.

Debt consolidation loans – the best way to manage your debt

Managing your debt has never been simpler than now with the debt consolidation loan option. But what is a debt consolidation loan? The short answer is that a debt consolidation loan absorbs all your smaller debts (credit cards, short-term loans, store cards), and now, instead of paying multiple debts, you are only required to repay a single loan monthly.

Get lower repayment options

African Bank offers the opportunity to combine up to five different small debts into a single consolidation loan up to the value of R250,000. And, what’s better is, you can even get a lower repayment and save money on fees. Isn’t that great?

African Bank Debt consolidation loans

  • Loan Type Debt consolidation loans
  • Interest Rate from 15%
  • Loan Amount up to R250,000
  • Repayment 18 months to 72 months

Benefits of African Bank

  • Flexible loan terms
  • Easy application process
  • Lower repayment terms

Handle your debt the right way with African Bank

Applying for a consolidation loan from African Bank is not difficult at all it is rather easy.

But, if you have any question or want to make certain, feel free to contact us and one of our call agents will be more than happy to answer all of your questions.

Do I qualify for a debt consolidation loan?

Before you make the call, perhaps you want to see if you qualify for a loan to start with. Our loan requirements are rather simple; the application must:

  1. Be over the age of eighteen
  2. Have proof of residence – no older than three months
  3. Have three months bank statements proving a fixed monthly income

How can I apply for a debt consolidation loan?

Applying for one of our consolidation loans can be done either by visiting our website, telephonically, or in-branch. If you prefer face-to-face finance then feel free to visit the branch. Otherwise, visit our website and look for the “apply now” button and complete the application from your Tablet, personal computer, or Smartphone. If you run into any problems you can contact a consultant to assist you.

Stay updated with your finances

Keeping up-to-date- with your finances has never been easier than it is now. With online banking, you do not even need to leave your home – do it from your phone or your computer. It is not only a more convenient way to handle finances, but it is also free and secure. It definitely beats standing in the queues! You can easily handle your debt consolidation loan from this platform and even make your payments.

Is debt consolidation the right option for me?

But when do you know that debt consolidation is the right option? After all, you are already in debt and do not want to end up in a poorer financial position. For starters, at African Bank, we believe in integrity and we will tell you if you will not benefit from the loan – there are no hidden schemes here. But, the short answer is, that you will benefit from a debt consolidation loan if the monthly repayment is lower than that of the combined monthly repayments you are making on your multiple debts. Charges and accumulated interest also need to be included in this equation. Get out the calculator and you can even work it out for yourself!

We are here to make your life easier

Finances are difficult – heck, life is difficult! So why would we strive to complicate matters for you? At the African Bank, we aim to make your life easier by offering an array of alternative payment options. Paying your account is as easy as pie and you can even make a payment wherever you are – the wonders of technology.

You have the choice of five easy payment options:

  • Visa or MasterCard
  • Branch payments
  • Mobile or debit order
  • In-store payments, and
  • EFT payments

Whatever option you prefer, we can be of assistance!

Customer Reviews & Testimonials

August 2019

African Bank is simply amazing! I love their service and their financial products. I have been banking with them for years and do not intend changing any time soon.

Ben H
— Bloemfontein —

June 2019

It is such a pleasure to work with people that know what they are doing. I went into the branch and a lovely lady helped to organise my consolidation loan all in one visit. Thank you African Bank...

Dianne R
— Johannesburg —

African Bank Contact Details

Physical Address

  • 59 16th Rd, Halfway House Estate Midrand Gauteng 1685 South Africa
  • Get Directions

Postal Address

  • Private Bag x170, Midrand, 1685, South Africa

Opening Hours

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