Let an Absa Loan help you start your story

Get discounted rates if you are employed by one of Absa's listed scheme agreement companies

• Monthly instalments to repay your loan are deducted directly from your salary by your employer
• Borrow up to P650,000 with no security required
• Enjoy competitive interest rates and loan fees
• Flexible repayment periods range from 12 to 84 months, provided the loan end date is before retirement or expiry of contract
• Retrenchment insurance cover is offered to secure your loan against retrenchment
• In the event of a retrenchment, the total outstanding balance of your loan will be settled by the insurer
• Credit life insurance is offered to cover the loan in the case of a customer’s death or permanent disability
• Quick and easy approval process

Requirements

• Your employer must have a scheme agreement with Absa.
• Absa Bank salary account holders and non-Absa Bank salary account holders can apply. 
• No collateral or security is needed to apply for the loan.