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.

Calculate your loan

Absa Direct Personal Loan 

  • Borrow up to GHS500,000
  • Flexible repayment of 6-84 months
  • As 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) 
Requirements 
  • You must be an Absa account holder for minimum 6 months
  • Account must have at least one month's salary credit 
  • Only available to salaried customers

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.

  • Documents required

    • Make sure you have your proof of identity such as an ID, valid passport or valid Ghanaian driver’s licence ready.
    • signature clearly visible, signed on white paper, scanned and sent as a JPG or PNG.

Scheme loan 

  • Borrow up to GHS500,000
  • Flexible repayment of 6-84 months
  • Repayment is deducted directly from your salary via an agreement set up with your employer
  • No collateral or security required to apply 
  • Affordable loan insurance to cover you in case of death, disability or retrenchment (up to 6 months) 
Requirements 
  • Available to government employees and private company employees 
  • You must be an Absa account holder for minimum 6 months
  • Account must have at least one month's salary credit 
  • Only available to salaried customers

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.

  • Documents required

    • Make sure you have your proof of identity such as an ID, valid passport or valid Ghanaian driver’s licence ready.
    • signature clearly visible, signed on white paper, scanned and sent as a JPG or PNG.

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.

  • Documents required

    • Ghana Card
    • Completed overdraft application form
    • Latest payslip
    • Bank statements for 6 months (for new-to-bank customers)
Calculate your loan affordability and repayment
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