Absa Personal Loans are one of the best ways to finance a planned or unplanned life event. Life is about dealing with the unexpected and Absa Personal Loans makes dealing with these situations easier by providing clients with almost immediate access to loan funds. They also come with friendly, flexible repayment terms (up to 84 months to repay.)
Qualifying clients can get funds from R3000 up to R150 000 with the option of fixed and variable monthly repayments. Fixed monthly repayments apply, with loan terms of up to 60 months apply when the Personal Loan amount applied for is below R15 000. If it’s above R15 000, clients get variable monthly repayments of up to 60 months. These come with competitive interest rates, which are dependent on individual credit profiles. Loans include an initiation fee for new applications and a monthly service fee will also be charged.
In order to qualify, individuals need to be South African citizens or permanent residents above the age of 18. A valid South African I.D. needs to be presented as well as proof of residence. Individuals need to have a bank account into which their monthly salary is deposited. They need to earn an income above R2000 every month.
Absa’s Personal Loan Calculator can be beneficial for budgeting purposes. Deciding how much is needed as well as how much in repayment costs need to be paid is made easier by this service.
For more about Absa Personal Loans, visit www.absa.co.za and fill the application form in or visit your nearest Absa branch.