premiercurrentaccount

Premier Current Account

  • What you get

    Benefits of this account
    • A simple fee-free transactional account with no minimum balance to maintain
    • Premier Debit Card with VISA benefits
    • ATM cash withdrawals limited to SCR25,000 per day
    • Preferential interest rates on savings and borrowing
    • Cash-secured overdraft facility
    • Access to a range of digital banking solutions at no added cost
    • Free eStatements
    • Access to a dedicated relationship manager and Premier suites
    • Free DragonPass membership
    Requirements for this account
    •  Minimum total balance of SCR500,000 across all accounts must be maintained
    • If you are self-employed, you need a qualifying average turnover a month
       

    * Terms and conditions apply

  • Documents required

    Documents required when you apply online or in a branch
    • A valid identification document such as passport or national identity card
    • Documentary proof of address such as a utility bill (not more than three months old)
    • Source of income (example: Salary slip, not older than three months old, that states your employer details)
    • Click here to see other accepeted documents


    Absa reserves the right to accept or decline any application based on internal policy. We may request additional documentation as deemed necessary. If you do not receive any bills in your name, you may bring the bill of the owner of your residence along with proof of relationship. Other documentary proof may be acceptable. Please consult our personal bankers for more information.

  • Apply online

    Apply for this account

    Enjoy the convenience of opening an account online. Take only 10 minutes of your time and get started with your application.

     

    If you have already started an application, you can resume your application by providing us
    with your reference number that was sent to your email address or mobile number.

     

    Apply now Resume application

     

    Please note that Internet Explorer 11 is not supported for this application. Use an alternative  browser to process your online application.

     

     

premierforeigncurrencyaccount

Premier Foreign Currency Account

  • What you get

    Benefits of this account
    • The simplest way to deal and hold accounts in multiple major currencies
    • Account is available in major currencies (USD,GBP,EURO)
    • Access your funds at branches and through cheques
    • Enjoy digital banking services
    • Receive free email statements
    • Access to a dedicated relationship manager and Premier suites
    • Free DragonPass membership
    Requirements for this account
    • Minimum income and average turnover limits apply
    • If you are self-employed, you need a qualifying average turnover a month
       

    * Terms and conditions apply

  • Document requirements

    Documents required when you apply in a branch
    • A valid identification document such as passport or national identity card
    • Documentary proof of address such as a utility bill (not more than three months old)
    • Source of income (example: Salary slip, not older than three months old, that states your employer details)
    • Click here to see other accepeted documents
       

    Absa reserves the right to accept or decline any application based on internal policy. We may request additional documentation as deemed necessary. If you do not receive any bills in your name, you may bring the bill of the owner of your residence along with proof of relationship. Other documentary proof may be acceptable. Please consult our personal bankers for more information.

     

premiersavingsaccount

Premier Savings Account

  • What you get

    Benefits of this account
    • Get instant access to your funds and earn attractive interest at a tiered rate
    • Earn interest at a tiered rate on your growing balance
    • Premier debit card with VISA benefits
    • Free estatements
    • ATM cash withdrawals limited to SCR25,000 per day
    • Access to a range of digital banking solutions at no added cost
    • Convenient, cashless, point-of-sale transactions
    • Access to a dedicated relationship manager and Premier suites
    • Free DragonPass membership
    Requirements for this account
    • Minimum balance of SCR 5,000 to earn interest is required
    • Interest is calculated on the lowest balance in the month, accrued monthly and paid quarterly

  • Document requirements

    Documents required when you apply online or in a branch
    • A valid identification document such as passport or national identity card
    • Documentary proof of address such as a utility bill (not more than three months old)
    • Source of income (example: Salary slip, not older than three months old, that states your employer details)
    • Click here to see other accepeted documents


    Absa reserves the right to accept or decline any application based on internal policy. We may request additional documentation as deemed necessary. If you do not receive any bills in your name, you may bring the bill of the owner of your residence along with proof of relationship. Other documentary proof may be acceptable. Please consult our personal bankers for more information.

  • Apply online

    Apply for this account

    Enjoy the convenience of opening an account online. Take only 10 minutes of your time

    and get started with your application.

     

    If you have already started an application, you can resume your application by providing us
    with your reference number that was sent to your email address or mobile number.

     

    Apply now Resume application

     

    Please note that Internet Explorer 11 is not supported for this application. Use an alternative  browser to process your online application.

     

premierloans

Premier loans

  • Premier unsecured loans

     

    • Borrow with preferential rates as a Premier customer 
    • The Premier Unsecured Loan is a unique unsecured loan that offers quick and easy access to up to SCR400,000 for virtually any purpose at competitive rates.
    • The loan amount you are eligible for will depend upon your current salary and other debt obligations that you may have.
    • The loan is repayable over 12 months to 5 years.
    • From the onset, you will know exactly what your monthly repayments will be and the repayment amount will remain the same until the loan is cleared, provided the interest rate remains constant.

  • Secured loans

     

    • Borrow with preferential rates as a Premier customer. 
    • The loan amount you are eligible for will depend upon your current salary and other debt obligations that you may have, as well as the market value of security provided.
    • Available at a competitive interest rate and secured on the asset, the loan is repayable over 12 months to 5 years.
    • The loan amount is not permitted to exceed 80% of the assessed value of that collateral.

  • Home finance solutions

     

    •  Your home is probably the biggest investment you will ever make. Whether you are buying a new property or improving your current home, we are here to help you. 
    • We offer competitive interest rates and a repayment period of 25 years, making your monthly repayments more affordable.
    • The application process usually takes longer than most loans and the loan is disbursed in stages.
    • Your Premier relationship manager is well trained and can provide you with in-depth advice about this loan type.
    • The loan amount you are eligible for will depend upon your current salary and other debt obligations that you may have, as well as the market value of the security provided (usually a charge on the property being purchased, hence the evaluated value of the property). 
    • The loan amount is not permitted to exceed 80% of the assessed value of that property.

  • Secured overdraft solutions

     

    •  The overdraft amount you are eligible for will be 90% of the cash security offered.
    • The overdraft facility, if approved, will be available on your Premier Current Account.
    • An arrangement fee is applicable when applying for the facility.

  • Car loan

    •  Maximum loan amount of SCR 400,000*
    • Repayment over 5 years
    • Borrower should contribute 20% of the vehicle value
    • Loan available for purchase of new and used motor vehicle (model not older than 5 years). Providing an evaluation report (not older than 3 months)
    • Security (applicable for duration of loan)
      • Pledge over the motor vehicle
      • Full comprehensive insurance cover
    • The administration fee is deducted from the total loan value on the day of disbursement
    • All loan applications are subjected to internal approval
    • Your new loan repayment and other existing financial obligation (e.g. other loan repayments and rent) should not exceed 40% of your salary for individual applications and 35% of the combined salary of joint applications.

Earn Worldmiles rewards every time you use your Platinum Credit Card.

Benefit from exclusive offers through our partnerships with leading brands. 

Get your entire journey to South Africa organised in 5-star style with premier concierge service.

Enjoy free travel insurance by using your Platinum
Credit Card.

Let us contact you

Need more help?

Call us on:
(+248) 438 3939

Chat to Abby on WhatsApp:
(+248) 252 1878

Email us:
customerservices.sc@absa.africa