Rating based on 10 reviews

ABSA Group


  • Short-term loans up to R350,000
  • Low-interest starting from 17.5%
  • Repayment up to 84 months

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ABSA Group homepage

Author ABSA Group. Screenshot of ABSA Group website. [Accessed April 30, 2018]

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.

ABSA Group Short-term loans

  • Loan Type Short-term loans
  • Interest Rate from 17.5%
  • Loan Amount up to R350,000
  • Repayment 30 days to 84 months

Benefits of ABSA Group

  • Het the best loan deal for your needs
  • Affordable short-term loans
  • Competitive interest rates

Short-term loans calculator


The interest rate of a loan will vary based on your credit score and risk profile.

This loan calculator is for illustration purposes only.
The use of this Online loan calculator is subject to our terms of use.

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.

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ABSA Group is a trusted & reliable provider of short-term loans

In our review, ABSA Group adheres to the compliance criteria in accordance with NCA regulations, where the granting the loan will not cause financial distress to the consumer.

ABSA Group is a registered credit provider in South Africa: NCRCP7

Customer Reviews & Testimonials

October 2018

ABSA Group afforded me a short term loan when I needed it the most.

Thandeka K
— Gauteng —

November 2018

The short term application process that ABSA Group uses is simple to follow through and quite convenient too.

Palesa T
— Soweto —

January 2019

I was so happy to be assisted by an agent that was patient and walked me through the entire process.

Peter B
— Northern Cape —

March 2019

Within a day, I already knew of my loan outcome. I was happy to see how fast the loan application process goes.

Molebogeng K
— Rustenburg —

April 2019

A few minutes was all it took before I was told that my loan application was successful.

Mohammed H
— Pinetown —

ABSA Group Contact Details

Physical Address

Opening Hours

  • 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