Absa Personal Loan Overdraft

Overdraft from Absa provides you with a safety net of additional money, up to a pre-agreed limit, to cover everyday expenses when there’s nothing left in your account.

Absa offers three different overdraft options:

Standard – granted for a period of 12 months and reviewed annually
Reducing – the limit on the overdraft facility is reduced on a monthly basis, until the full amount is settled
Temporary – granted for a fixed period of time only and must be settled in full at the end of that period

An Overdraft could be the right choice if you:

  • Would like a reserve of extra money available in your account should you need it
  • Want to know you can cover withdrawals that exceed your available balance
  • Have an Absa Silver, Gold, Professional or Platinum cheque account
  • Earn a regular income of R3 000 a month or more
  • Only want to pay interest on the daily balance of your account
Absa overdraft

Absa overdraft