Get the extra cash that you need to reach a goal or to cover an unexpected expense. Choose between an unsecured personal loan, scheme loan or overdraft and benefit from competitive fixed interest rates plus get access to expert financial advice to help you manage your financial health. We offer a hassle-free application processes and quick approval times.
Absa Direct Personal Loan
- Borrow up to GHS500,000
- Flexible repayment of 6-84 months
- It is an unsecured loan; no collateral or security is required
- Affordable loan insurance to cover you in case of death, disability or retrenchment (up to 6 months)
- Convenient repayment through your salary account with Absa
Requirements
- You must be an Absa account holder
- Account must have at least one month's salary credit
- You must have worked with your employer for at least 6 months
- You must be a permanent staff or on a fixed-term contract
The average Annual Percentage Rate (APR) for Absa Direct Loan is the Ghana Reference Rate (GRR) plus a range of -3% to 20%. The exact APR will be made available to you when you engage us at any of our branches to request for a loan.
Overdraft
- Access to extra funds when you need it through a credit limit marked on your salaried account
- Limits between GHS500-GHS20,000 available
- Revolving credit facility with minimum repayment period of 12 months (credit repaid monthly)
- After a year, the limit is refreshed and becomes available for re-use
- Cover cheques that would otherwise bounce
- Affordable loan insurance to cover you in case of death, disability or retrenchment (up to 6 months)
Requirements
- You must be at least 18 years old to apply
- You must be a salaried employee
- Account must have at least one month's salary credit
- You must be an Absa account holder for minimum 6 months
The average Annual Percentage Rate (APR) for Absa Direct Loan is the Ghana Reference Rate (GRR) plus a range of -3% to 20%. The exact APR will be made available to you when you engage us at any of our branches to request for a loan.
Scheme loan
- Borrow up to GHS500,000
- Flexible repayment of 6-84 months
- It is an unsecured loan; no collateral or security is required
- Affordable loan insurance to cover you in case of death, disability or retrenchment (up to 6 months)
- Repayment through payroll while you keep your salary with your primary bank
Requirements
- Available to Absa and non-Absa account holders
- You must have worked with your employer for least 6 months
- You must be a permanent staff member or on a fixed-term contract
- You must be a salaried employee
- Your employer must have signed an agreement with Absa Bank
The average Annual Percentage Rate (APR) for Absa Direct Loan is the Ghana Reference Rate (GRR) plus a range of -3% to 20%. The exact APR will be made available to you when you engage us at any of our branches to request for a loan.
Disclaimer: The instalment amount shown is based on the loan product and term selected by you and is provided for illustration purposes only. Absa does not guarantee approval of any loan product or warrants in any way that the illustration and calculation is accurate or complete. Absa will not be liable in any way or form for reliance on or use of this calculator.
Need more help?
Call us on:
+233 (30) 242 9150 (network charges apply)
0800 222 333 (MTN and Vodafone customers)
Email us:
customerexperience.gh@absa.africa
