As one of the foremost banking institutions in South Africa, Absa offers a range of transactional services and credit solutions. Through Absa Personal Finance Loans, individuals are able to gain access to extra finance to help them meet their financial needs.
Absa Personal Finance Loans are offered to clients at the best interest rates. In fact, Absa offers tailor-made interest rates based on your individual risk profile.
You can also expect provisional approval for a personal loan if you’re an Absa customer.
Type of Personal Finance Loans:
- Instant Loans, which offer R250- R3000. These loans are repayable within 35 days.
- Overdrafts, which offer R250- R250 000.
What do you need to qualify?
- Valid South African ID
Proof of residence
- Latest payslip
- Last 3 months’ bank statements
- Earn R2000 or more per month
- Own an existing Absa transactional account
- Be permanently employed
Absa Express Loans:
These are short-term solutions which provide clients with finance between R1500 and R8000. Clients have between 1 and 6 months to repay this loan amount.
Absa Personal Loans:
You are given between 12 and 72 months to repay. No collateral is required so you don’t need to put up any assets to secure the loan.
Absa Revolving Loans:
This loan gives you access to between R15 000 and R150 000 in funds. You can re-borrow more loan funds when you pay off a minimum of 15%of your initial loan.
This facility allows you to make purchases or payments even if your bank account has a zero balance. Interest is charged daily and the amount will depend on your pre-agreed limit.
Absa ATM Loans:
You can access between R250 and R3000 at any Absa ATM
Visit www.absa.co.za for more details about credit loans with Absa Personal Finance Loans.