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Absa Consolidation Loans – online loan South Africa

5.0 / 5 (407 reviews)

Debt management up to R350.000

Amount R1K – R350K
Interest from 15.00%
Term 12 – 84 months
Approval 24 hours
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Applying does not commit you to a loan agreement.

Absa Consolidation Loans screenshot

Screenshot of https://www.absa.co.za

How to apply for Absa Consolidation Loans loan

  1. Apply online
  2. Take up a cheque account and apply for an overdraft
  3. Visit your nearest Absa branch

Quick overview

  • Amount, R1.000 - R350.000
  • Term, 1 - 84 months
  • Age: 18 + years

Loan example

Amount Minimal repayment Term
R50.000 R1.319 12 months

Loan example

The estimated monthly interest repayment for an overdraft limit of R15 000 at an interest rate of 15% per month where R8 000 of the overdraft limit has been used is R100.

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Loan requirements

  • ✓ To earn a regular monthly income of at least R2 000 per month
  • ✓ To have a cheque account into which your monthly income is paid
  • ✓ To be 18 years or older

Loan features

  • Debt management up to R350.000
  • Term 1 - 84 months

Frequently asked questions

24 hours after submitting your application.

The minimum amount at Absa Consolidation Loans is R1,000.