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African Bank Personal Loan Calculator

Our African Bank personal loan calculator will aid you in comparing your possible loan options. It easily calculates an estimate of your likely monthly repayment given a set loan amount and loan term.

Once you input the amount, simply adjust the term and then click ‘Calculate Repayment’. You will then see what the likely monthly payment will be. This way you can make a better financial plan for this personal loan.

Calculate repayments

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African Bank Personal Loan

African Bank
7 months
to 72 months
to R250,000
Loans up to R250,000. Terms between 7 months and 72 months. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.
Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.
Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments. 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 and Services Guide.

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.

How to benefit from the African Bank personal loan calculator

Understanding how the African Bank personal loan calculator works has its financial benefits. If you don’t take the time to understand how a personal loan works before you apply, you could end up in serious financial trouble. That is why we recommend you first use this tool before making an application. Furthermore, African Bank is a registered credit provider operating under the National Credit Act.

Should you take out an African Bank personal loan?

An African Bank personal loan can be a beneficial financial solution if you fully understand how the finance works. Authorised financial service providers like African Bank will lend you a lump sum of cash at a relatively small cost. You will then have to return this money over a specific period. Failure to pay off your debt or meet due dates might result in the bank charging you more fees.

The African Bank personal loan calculator proves to be very useful in helping you avoid this. It gives you a working estimate of the total costs at stake when taking out an African Bank finance.

How does an African Bank personal loan calculator work?

The African Bank loan calculator is straightforward to use. It is accessible through a browser on both PCs and mobile phones. The calculator consists of two sliders; one for the amount and the other for the repayment period.

After you select the amount and repayment period, all you have to do is click “Calculate Repayment,” and the results will display in just a few seconds. Click here to go to the top of the page and try it!

What information do you get from an African Bank loan calculator?

The estimator gives you the monthly repayment amount, which can be used to calculate the overall total cost of the credit. However, it is best to keep in mind that the results provided by the tool are only an estimate. The calculator’s purpose is to give you a close idea of how much it might cost you to borrow.

What repayment options are available with African Bank limited?

After taking out a loan, you can calculate your monthly repayments in the following ways:

  • Debit order – Automatic deduction of the amount from your bank account.
  • Branch payments – You can make a payment directly by visiting an African Bank branch.
  • EFT payments– Electronic payment using your Internet Banking platform.
  • In-store payments – These can be done at selected stores such as PEP, Shoprite, Checkers and Pick n Pay.
  • Mobile payments – You can set up a debit order deduction from your bank account using your phone.

Tips to help you make the most out of the evaluator

  • You can also try different amounts and repayment periods to see how the monthly instalment gets affected.
  • Always take the time to understand and note all the fees associated with the African Bank personal loan.
  • Select an amount that matches your monthly salary or income.
  • While a more extended payment period might seem more preferable, it will cost you more in interest. You should choose a repayment period that strikes a balance between affordable monthly repayment and total interest.

Benefits of using the African Bank calculator

  • It gives you a practical, functional estimate of the monthly repayment before you borrow.
  • It allows you to compare options.
  • You can determine if the loan is affordable before applying.

What are the advantages of knowing monthly repayment amounts?

  • It makes the repayment calculation simple and easy.

It can be tiresome to calculate interest rates, service fees, and other costs. The African Bank loan calculator service has a simple structure. When you use it, you will get an estimate of the combined payment of all these costs for one month in a matter of seconds. This allows you to apply with confidence since you have confirmed that you will be able to make the calculated monthly repayments without struggling.

  • It provides practical information almost instantly.

With this estimator, you don’t have to apply and wait or send messages to customer care to get the information you want. You do everything alone, and the information is made available instantly.

  • You can access it via your mobile phone.

Nowadays, many South Africans access the Internet using their mobile phones. The good news is you can also access the African Bank loan calculator on your mobile phone. You can make your calculations even while you’re away from your computer. That makes everything convenient because you can also proceed with the application on your mobile phone.

What else should you consider besides using the African Bank calculator?

If you do decide to take out a personal loan, there are several other things to consider:

  • Review your current financial situation and responsibilities so that you can be sure you can manage the monthly instalments.
  • Compare other options from African Bank to ensure you get a custom package that works for your situation.
  • Think about other purchases in the future, that your credit may impact, like a home purchase or wedding for example.

More on African Bank in this short video

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