Important disclosure

Absa personal loans calculator & product overview

Make your dreams come true with Absa personal loans. Whether you are starting a home renovation project, acquiring your dream vehicle or financing your children’s tuition fees, Absa has the right finance solution for you.

Absa is a registered financial services provider. The bank offers personal and business banking, credit cards and much more.

To help you budget, we have created a loan calculator that can help to determine your likely monthly payment. Once you input the loan amount, adjust the loan term and then click calculate. It’s easy to use. Go ahead and give it a try.

Calculate repayments

Loan Amount



3 months


Absa Study Loan

Estimated Month Repayments
Interest Rate
Repayment Period
12 months
to 60 months
Loan Amounts
to R100,000
Our study loan offers you the opportunity to borrow funds at a low interest rate to support yourself or someone you would like to benefit from study funding. Finance your full tertiary experience from the tuition fees, accommodation, study book and technical equipment you need for your studies. If you take out our study loan and you’re offered a lower interest rate elsewhere, we’ll beat it. Terms and conditions apply. Pay interest only for the 12 months and only start repaying from month 13.

Absa Switch and save - Prime

Estimated Month Repayments
Interest Rate
Repayment Period
12 months
to 84 months
Loan Amounts
to R350,000
Tired of those expensive repayments? Then switch your personal loans to Absa. It’s easy and with our guaranteed lowest interest rate, you will start saving money immediately. We can switch your personal loans of up to R350 000 and pay your creditors directly.

Absa Personal Loan - Prime

Estimated Month Repayments
Interest Rate
Repayment Period
12 months
to 84 months
Loan Amounts
to R350,000
No matter what your plans are, we’ve got a personal loan that suits your needs. We offer the widest range of personal loans of up to R350 000 with a loan repayment term of up to 84 months. If you take out an Absa Personal Loan and you’re offered a lower interest rate elsewhere, we guarantee to beat it. provides factual information in relation to financial products. While 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 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 recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see's Terms of Use.

Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

Getting an Absa personal loan

Financial issues sometimes happen when you’re not expecting them. Thus, getting an Absa personal loan helps you solve these sudden and urgent money challenges. Most importantly, Absa loans accommodate your needs. Furthermore, Absa is a registered credit provider and will therefore grant you credit responsibly.

This is because they vary and adjust to match your budget and other individual circumstances. As such, you can get between R250 and R350 000 in your bank account. You can use the money for any purpose, including paying for your education.

How do you qualify for an Absa personal loan?

To apply for a personal loan with Absa you need:

  • your ID book or card;
  • proof of residence issued in the last 3 months;
  • payslips or bank statements issued in the previous 3 months;
  • to be 18 years and older; and
  • credit protection.

You can get a credit protection plan from Absa, or you can have your own.

How do you apply?

  • Use the repayment calculator on this page to get an idea of your monthly repayments.
  • Click the button “Go To Site”, you’ll be taken to Absa’s secure application page.
  • If you have an active Absa bank account, login online on your mobile, tablet or PC.
  • Click on “Apply” and select “Personal loan” from the menu that appears.
  • Fill out the required details
  • If your application is approved, you can have the money in your bank account in as little as minutes.
  • If you are a new Absa account holder, apply online by completing the form. As a second option, you can visit Absa offices to apply in person.

How much money can you get with an Absa personal loan?

The minimum amount is R250. On the other hand, the maximum amount is R350 000. To qualify for this range, you need to be earning at least R2 000. However, smaller personal loan amounts (up to R8000) get repaid over 2-6 months. Furthermore, for these smaller amounts, you only have to be earning R1500.

What are the repayment terms?

Absa personal loans are to be paid back in 12 to 84 months. However, for existing Absa customers, the repayment term can be as early as 2 months. Absa charges a service and initiation fee on top of the interest fee.

Benefits of getting an Absa loan

  • No security needed. This means you don’t have to use your property as collateral to get a cash loan. Instead, getting a loan depends on your credit history.
  • Absa offers a personal loan calculator that lets you know all the costs involved with borrowing money.
  • Once the credit is approved, the money is quickly transferred into your bank account for immediate use.
  • Affordable and competitive interest rates.
  • You also get Credit Protection to ensure that your debtstill gets paid if you die, or become disabled, ill, or retrenched.

Absa study loan

If you need money to pay for your fees and studies getting an Absa student loan can brighten your future. Here’s what you need to qualify for the credit:

  • South African citizenship;
  • a salary or income of at least R3000;
  • proof of address; and
  • proof of acceptance or registration for an undergraduate or postgraduate qualification.

The student loan is available for parents, guardians, or part-time students who are fully employed and have proof of income. The minimum amount is R3 000, while the maximum amount is R150 000.

You can borrow money for every year of study to cover the costs of:

  • Prescribed textbooks;
  • Tuition fees;
  • Registration fees;
  • Accommodation;
  • Computer equipment that you use for your studies.

You can apply for an Absa study loan by visiting their branch, through an Absa student bureau, and lastly by calling their call centre.

Absa express loan

This is a special short term loan that offers quick cash which is then paid back within two to six months.

For those with a regular monthly income, you can get:

  • A minimum amount of R 1 500
  • A maximum amount of R 8000

Interest rate is set at 5% for the first loan that you take in a year and 3% for any other credits that you also take within the same year. In addition, service and initiation fees also apply.

How long does an Absa personal loan take to be approved?

Once you lodge your application and assuming your credit score is in good standing, it will only take a couple of days for your loan to be approved.

How does the Absa personal loan calculator work?

The loan repayment calculator for Absa personal loans is straightforward to use and gives you fast results. Here’s how it works in 3 steps:

  • Type or use the slider to input your amount.
  • Next, input the number of repayment months you want using the slider or your keyboard.
  • Click “Calculate Repayment” and get your result.

As you can see, the result is calculated based on the following elements:

  • The amount: This is a number that usually ranges from R3000 to R250 000. The exact amount depends on what you want to use the money for, and whether you can afford it. A higher loan amount gives you a higher monthly repayment while choosing a lower amount gives you a more affordable result.
  • The term: This is the time, in months, needed to pay back the loan. If you’re applying for a larger amount, you might need a longer term to avoid stressing your monthly budget. The longer the Absa loan term, the lower the monthly instalment.
  • Interest rate and fees: Typically, interest and other charges are included in your monthly fee. If the interest rate and charges are high, you will likely have a higher monthly repayment.

How to choose the best monthly repayment option

The loan repayment calculator gives you different monthly repayment options depending on what you input. The best monthly repayment option for you also depends on the following:

  • Do you want a lower monthly repayment? – A reduced monthly instalment makes it more affordable to pay off your Absa personal loan. You can easily budget for the repayment every month and still have enough funds to cover other expenses. To get a lower monthly repayment using the repayment tool, you can either choose a smaller amount or a longer term, or both. However, keep in mind that a longer term will increase the amount of interest you have to pay.
  • Are you looking to reduce the total cost of all you loans? – Absa consolidation loans are a good solution if you want to group all you ongoing credits into one. Consolidating your loans will make managing your repayments hassle-free and can save you money if you negotiate well. Learn more about debt consolidation loans.

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