Enter your One Time PIN in the online form. African Bank then displays an indicative 12% Loan quote in seconds, if you qualify.
From your contact details to an indicative quote for your online loan request
You provide contact details and financial information for your online application. Have both ready: entering your details comes before the One Time PIN verification.
You can apply for up to R50,000 online. A larger request falls outside this channel’s limit for the 12% Loan. The ceiling is not an approved amount.
Fixed interest for the months you repay your loan
Your loan has fixed interest, keeping the interest rate steady as you repay. A changing interest rate will not be another moving part in your repayment plan.
After your indicative quote, African Bank directs you through the remaining online steps. Follow those instructions to complete your request, beyond the security check.
The details you need for your online application
The general form needs South African ID, full name, mobile and email.
- Add identity and contact data to the general form.
- Online, give contact and financial details.
Begin your online request in two steps
- Fill in your contact and financial information.
- Enter your One Time PIN in the online form.
Your questions answered
Will my monthly repayments change while I repay the 12% Loan?
No. You have fixed monthly repayments. You know the amount to set aside for each payment, without a different instalment each month.
Why does the online 12% Loan application ask me for an OTP?
The One Time PIN is a security check. You enter this single-use code during your online application to complete that verification.
Does an indicative quote mean my money is ready?
No. An indicative quote is not confirmation that your loan funds will be released. Reaching the quote does not mean you have the money.
How quickly can I apply for the 12% Loan online?
You can apply online in just 3 minutes, says African Bank. This timing covers your application, not approval or payment of the money.