African Bank
African Bank is the brand; the registered credit provider behind it is African Bank Limited, and the source we checked did not publish an NCR number for it. It advances R2 000 – R350 000 over 7 months – 72 months. Everything on this page is transcribed from the source linked at the foot of it and was last checked on 10 August 2026 — nothing is estimated.
What it costs — work it out
Set the amount and the term and see the instalment and the total repayable, with every fee the National Credit Act allows and VAT included. An estimate at the legal maximum — not a quote, and not an offer.
Rates and fees use the NCA caps for short-term credit agreements: interest 5%/month (3% repeat), initiation fee R165 + 10% of the amount over R1 000 (max R1 050), service fee R60/month, VAT 15% on fees.
| Principal — what you receive | R3 000 |
|---|---|
| Interest (5%/mo × 3 months) | R450 |
| Initiation fee | R365 |
| Service fee (3 × R60) | R180 |
| VAT on fees (15%) | R82 |
| Total cost of credit | R1 077 |
Check these three things before you sign — here or anywhere
- The lender’s NCRCP number is published on its own site, and it checks out in the National Credit Regulator’s register.
- The pre-agreement quote breaks out the total cost of credit: interest, initiation fee, service fee and VAT — as one figure you can compare.
- Nobody asks you for an upfront “release fee”. A registered credit provider never charges you before it pays out.
What is confirmed about African Bank
Every row traces to the source linked below. A blank in the source is shown as “not disclosed” — it is never filled in with an assumption.
| Field | Value |
|---|---|
| Public brand | African Bank |
| Legal credit provider | African Bank Limited |
| Role | Direct personal lender |
| NCR registration number | Not disclosed in the source |
| Amount range | R2 000 – R350 000 |
| Term range | 7 months – 72 months |
| Product | Personal loans; the comparison snapshot reports 15%–24.5% p.a. |
| Eligibility | Product terms are risk-based. |
| Verification basis | Third-party comparison snapshot — not lender-confirmed |
| Last checked | 10 August 2026 |
These figures come from a third-party comparison snapshot, not from the lender. Confirm the amount, term and rate on your own quote before relying on them.
This record is a comparison snapshot, not a lender confirmation
The amount, term and rate range shown for African Bank come from a third-party comparison page rather than from African Bank Limited itself, and no NCR number was published there. Treat them as indicative. Confirm the provider entity, the registration number and your actual rate on the pre-agreement quote before you sign anything.
Before you apply
Check the registration yourself. Search the National Credit Regulator’s register for the registration number on the lender’s site and confirm it is active and held by African Bank Limited. A brand name on a website proves nothing on its own — the legal entity is what carries the registration.
Read the pre-agreement quote in full before you accept. It must show the interest, the initiation fee, the monthly service fee, VAT and the total cost of credit as a single figure you can compare against any other offer.
Keep a copy of everything: the quote, the agreement and the consent you gave for your information to be used. Under POPIA you are entitled to know who your details will be shared with, and to withdraw consent for marketing at any time.
If something goes wrong
- Complain to the lender firstPut it in writing and keep the reference number. Most credit providers must give you a decision within a set number of business days under their own complaints policy.
- Escalate to the Credit OmbudIf the lender does not resolve it, the Credit Ombud handles disputes with non-bank credit providers at no cost to you.
- Report it to the National Credit RegulatorThe NCR is the regulator. Report reckless lending, an unregistered provider, or a lender that will not give you a pre-agreement quote.
Related
Sources and last checked
- National Credit Regulator — register of credit providers — Regulator, as at 10 August 2026.
- National Credit Act 34 of 2005 and its regulations — Government, as at 10 August 2026.
Page last checked 10 August 2026. Statutory caps and lender terms change — confirm anything you intend to rely on with the provider or the National Credit Regulator. Found something wrong? Tell us and we will correct it.