When you need some emergency cash or just decided to make that dream a reality, an Absa Overdraft facility with your cheque account could be the answer for you. Apply now and manage your cash flow.

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With an overdraft, you can bank on the following:

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Timely payments

Get immediate payment made into your account upon approval, and if you don't use it you don't pay for it.

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Competitive interest rates

We offer the best interest rate in the market, which is tailor-made based on your risk profile.

How it works

Terms and conditions

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Shield
Credit Protection Plan

An affordable plan that settles the outstanding balance if you die, become permanently disabled or get a dreaded diseases.

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Manage my cash flow

Get an overdraft to help you manage your cash flow or cover any unexpected expenses. Apply now and avoid late payment penalties.

New to bank customer

Existing Customer

Applying is easy

  • Overdraft benefits

    • An overdraft is linked to your cheque account making it easy to track and manage transactions
    • Helps to maintain a good credit history by avoiding debit reversals due to insufficient funds
    • Ensures timely payments are made and avoid late payments penalties
    • You only pay interest for what you use
    • Get an optional Credit Protection Plan to settle the outstanding balance in case of death, disability, dread diseases or loss of income

  • You need

    • To earn a regular monthly income of at least R2 000 per month
    • To have a cheque account into which your monthly income is paid
    • To be 18 years or older

  • What to bring with you

    • A valid South African ID document or Smart card
    • Proof of residential address such as a municipal or rates bill (not older than three months)
    • Your latest payslips or three months' bank statements

  • Ways to apply

    If you‘re an Absa customer

    Absa Online

    • On the Absa website, click the ‘Log in’ button on the top right of your screen
    • Click ‘Next’ to log in to your Online Banking account
    • Click ‘Offers’ on the side menu
    • Click ‘Transactional solutions’
    • Click the plus sign next to ‘Overdraft facility’, then click ‘Continue’
    • You will be directed to a secure site to complete your application

    Absa Banking App

    • Log in to your Banking App
    • Tap ‘Offers’
    • Select the ‘Overdraft’ tile
    • Follow the instructions to complete your application

    If you’re not an Absa customer

     

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Need more help?

Let one of our consultants help you get the best loan for your needs.

Call us on: 0860 100 372