Loans like African Bank: what else is out there
African Bank offers personal loans from R2,000 up to R500,000. Here is what it offers, and similar providers to compare.
Compare similar providersWhat African Bank offers
African Bank Ltd is a registered South African bank, with its registered office in Midrand, Johannesburg. It is also an NCR-registered credit provider.
Its Personal Loan offers R2,000 to R500,000 over 7 to 72 months. The 12% Loan offers R2,000 to R50,000 over 9 to 24 months, at a fixed 12% rate.
Its Consolidation Loan combines up to 5 loans into one, up to R500,000, over 18 to 72 months. You can apply online, by phone or at a branch.
| Company | African Bank Ltd (2014/176899/06) |
|---|---|
| NCR registration | NCRCP7638 — confirmed on the NCR register |
| Products | Personal Loan, The 12% Loan, Consolidation Loan, Credit card, Credit life insurance |
| Amounts | R2,000 – R500,000 (Personal Loan) |
| Terms | 7 – 72 months (Personal Loan) |
| Costs as published | The 12% Loan has an interest rate fixed at 12%. Personal Loan rates are not published; your rate, fixed or variable, is shown in the Pre-Agreement Statement and Quotation. |
| Payout (their wording) | African Bank says "if the Loan is awarded to you, the Loan amount will be paid directly into your bank account". It gives no timeframe. |
What African Bank asks for
- Documents such as a payslip, a bank statement and proof of residence
- Details of your income, expenses and employment
- A credit bureau check
- You must not be under debt review or declared bankrupt
From African Bank's own website and the NCR register, checked October 2026. African Bank is not one of our partners and we earn nothing if you apply there.
Who African Bank suits
May suit you if
- You need a larger loan, up to R500,000
- You want to repay over several years, up to 72 months
- You want to combine up to 5 loans into one
Check first
- Personal Loan rates are only shown in your quote
- The 12% rate applies only to the 12% Loan, up to R50,000
- Ask how much credit life insurance adds to your instalment
Providers similar to African Bank
These are loan-matching services, not lenders. Creditum covers R500 to R500,000, and Arcadia Finance and Crezu up to R350,000, over 6 to 72 months. MoneyHello covers smaller loans up to R25,000.
We may earn a commission if you apply through these links. It doesn't change what you pay. How we make money.
How to choose
- Check the provider's NCR number on the NCR register. A loan-matching service must tell you which lender you'll sign with.
- Compare the total amount you will repay, in rand, not only the interest rate.
- On short-term loans, a first loan may cost at most 5% interest a month, an initiation fee of R165 plus 10% above R1,000 (at most R1,050, and never more than 15% of the loan), and R60 a month in service fees. VAT is added to the fees. See our responsible lending page.
- Apply to one or two providers at a time. Many applications in a short period can hurt your credit score.
- Already struggling with repayments? Talk to a registered debt counsellor before you borrow more.
African Bank alternatives — frequently asked questions
Is African Bank legit and NCR registered?
Yes. African Bank Ltd is a registered bank and credit provider, NCRCP7638. We confirmed this on the NCR register in October 2026.
How much can you borrow from African Bank?
The Personal Loan is R2,000 to R500,000 over 7 to 72 months. The 12% Loan is R2,000 to R50,000 over 9 to 24 months. What you get depends on affordability.
What do you need to apply at African Bank?
African Bank asks for documents such as a payslip, a bank statement and proof of residence. It also checks the credit bureau to work out what you can afford.
What can I do if African Bank declines me?
Find out why, and check your credit report for errors. Then compare other providers, such as those above, and check each lender's NCR number. Apply to one or two providers at a time, not many at once.
What if I can't repay my African Bank loan?
Call African Bank on 011 207 4500 to make a payment arrangement. If you are over-indebted, speak to an NCR-registered debt counsellor about debt review.
Sources
- African Bank – Personal Loan
- African Bank – The 12% Loan
- African Bank – Consolidation Loan
- African Bank – FAQs
- African Bank – loan standard terms and conditions (PDF)
- African Bank – contact information
- NCR – register of registered credit providers
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