With our easy-to-use online calculator, you can work out what your monthly repayment would be and the amount you can afford to borrow.
You can also choose what repayment option would be best for your budget.
We offer personal loans, scheme loans, and graduate loans.
Personal loan
- Borrow up to P650,000 with no security required
- Preferential rate when you combine your loan with an Absa Credit Card and retrenchment cover
- Flexible repayment periods ranging 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
- Preferential loan amounts for Premier and Prestige customers
Requirements
- Available to self-employed professionals like doctors, lawyers, accountants and engineers
- Existing and new salary account holders can apply
- No collateral or security needed to apply
- A monthly stop order is required to deduct the loan instalment from your salary account to pay your loan
Scheme loan
- 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
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 needed is required to apply for the loan.
Graduate loan
- Borrow up to P75,000 with no security required
- Competitive interest rates and loan fees apply
- We offer support to help you manage your loan easily.
- Flexible repayment periods range from 12 to 48 months, provided the loan end date is before 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 death or permanent disability
Requirements
- Available to credit-worthy salaried customers who are employed permanently or on a contract basis
- Existing and new salary account holders can apply
- No collateral or security needed to apply for the loan
- To pay your loan, a monthly stop order is required to deduct the loan instalment from your salary account
- To qualify you must have graduated from a recognised tertiary institution within the past 3 years
Need more help?
Call us on:
+2673159575 (Contact centre)
0800 600 444 (BTC Toll Free)
150 (Mascom Toll Free)
Email us:
Botswana.CustomerService@absa.africa