Important disclosure

Absa Payday Loans

Absa payday loans can help you get short term loan financing until your next pay day. This can quickly help you get over a hump. There are many affordable loan options from Absa for these types of loans.

Our calculator below can help you to compare these loans options by giving you a good idea of your monthly repayment. Go ahead and give it a try. Its quick and easy to use.

Calculate repayments

Absa Instant Loan for R1,000

1 month
to Unknown
R250
to R8,000
Unknown
Yearly
Bank with us and you can borrow anything from R250 up to R8 000 immediately. It's quick cash anytime, at any Absa ATM or on Absa Online. Apply online, no paperwork, anytime, day or night.
Bank with us and you can borrow anything from R250 up to R8 000 immediately. It's quick cash anytime, at any Absa ATM or on Absa Online. Apply online, no paperwork, anytime, day or night.

MPOWA Finance Loan for R1,000

7 days
to 38 days
R600
to R5,000
0.00%
Monthly
Earn more than R10,000 per month? Then you may be eligible for a zero % interest rates for your first loan! Successful applications received before 3pm will receive money in their accounts by 5pm the same day. All applications are online.
Earn more than R10,000 per month? Then you may be eligible for a zero % interest rates for your first loan! Successful applications received before 3pm will receive money in their accounts by 5pm the same day. All applications are online.

Wonga Loan for R1,000

4 days
to 6 months
R500
to R4,000
5.00%
Monthly
New customers can borrow up to R4000, and up to R8000 for existing customers; now with 6 months to pay. What you'll need: A cellphone number, SA ID number, bank account details and most recent proof of income.
New customers can borrow up to R4000, and up to R8000 for existing customers; now with 6 months to pay. What you'll need: A cellphone number, SA ID number, bank account details and most recent proof of income.
results per page

CompareLoans.co.za provides factual information in relation to financial products. While CompareLoans.co.za attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on CompareLoans.co.za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with CompareLoans.co.za. CompareLoans.co.za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see CompareLoans.co.za's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 1 months and 6 months. Percentage Rates vary between 5% per month and 38% p.a. Total interest and fee repayments vary over the life of the loan. All rates quoted are 30 days. For more information regarding fees, visit or contact the provider.

Learn About Absa Short Term Loans in South Africa

Absa Group is a well-established bank and lender in South Africa. If you are looking for an easy and trusted way to get quick cash, Absa short term loans can be the perfect solution for you. There are two main types of Absa personal short term loans:

  • Absa instant loan
  • Absa express loan

The Absa online loan application process is simple and straightforward. Alternatively, you can visit any Absa branch or ATM. With Absa short term personal loans, you can get emergency money in your bank account to pay for any urgent need.

What do you need to qualify for Absa Short Term Loans?

  • South African ID book or card;
  • a good credit record;
  • you should be 18 years and above; and
  • you should have an active Absa bank account where you put your salary/income.

How do you apply for Absa Short Term Loans?

You can apply for an Absa short term loan in the following ways:

  • Apply online – Use the calculator on this page to calculate your repayments. Click the “Go To Site” button, which will take you to Absa’s secure website.
  • Apply at any Absa ATM – Visit any Absa ATM and follow the instructions on the screen to get your Absa ATM loan.
  • Visit an Absa branch nearest to you – Absa consultants will take you through every step of the loan application process when you visit their offices.

What types of Absa short term personal loans are available?

  • Absa Instant Loan

As long as you have a minimum salary of R250, you can get an Absa quick cash loan that ranges from R250 – R5000. Since you are borrowing a low amount of money, the money is to be paid back within 35 days. You also get charged an initiation fee of 10% excluding VAT to receive the loan amount.

  • Absa Express Loan

This is a short-term unsecured loan that offers more money. It involves fixed repayment terms of 2 months minimum and 6 months maximum. Also, if you can prove that you have a regular monthly income or salary of R1500, you can get a loan amount that ranges from R1 500 – R8 000.

If you take more than one loan in the same calendar year, the first loan is charged at 5% interest and the next ones after that is 3% interest. Secondly, there are also service fees and initiation fees.

What happens if I can’t pay back my short term loan?

If you don’t pay back the Absa loan, your credit score will suffer. Besides dealing with debt collectors, you may end up with other additional charges and fees. However, in the event of death, disability, illness, or retrenchment, Absa also offers Credit Protection plans.

Why should I choose Absa for short term loans?

  • Absa is a registered credit provider with the National Credit Regulator.
  • You can get an Absa short term loan without paperwork or waiting in queues.
  • You can get quick cash in your bank account by applying in the comfort of your own home.
  • Absa gives you access to quick cash loans any time of the day, anywhere.
  • Absa has a variety of short-term loan options for low-income earners.

Absa fast cash access

Popular payday loan searches