You must meet some requirements before proceeding with an application. So, take a look at the eligibility criteria before applying: You must earn a regular income of at least R2 000 per month; You need to have a bank account where your income is paid. These requirements are applied if you want a personal loan with terms of over 12 months. If you want a loan with terms that range from 2 to 6 months, you must: Earn a regular monthly income of at least R1 500; Have an Absa account. In both cases, you must be at least 18 years old.

Yes. Credit Protection is mandatory if you want a personal loan at Absa. However, it is a way to ensure you will be secured and covered along the way. Then, for example, if something happens, like a critical illness, death, or disability, Credit Protection will cover you.

Price Guarantee allows you to receive a better deal from Absa in case you receive another good deal from another financial institution. However, conditions apply. In summary, if somewhere else offers a lower rate, Absa will better it. Keep in mind you must read the conditions before proceeding with a claim, though.

You need to provide your card or ID book, proof of residence, and the last three months of bank statements or payslips. You can apply using the official website or by going to the nearest branch. Also, you can call 0860 100 321 or use your mobile app if you already have an Absa account.