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ABSA Personal Loans

Posted by Jackson on June 04, 2011
Personal Loans / Comments Off

Whether you want to give your lifestyle a boost or have an unexpected expense to deal with, a Personal Loan from Absa is the cost-effective way of making it happen.

A Personal Loan is an excellent way of financing a planned or unplanned event. You enjoy immediate access to the entire loan amount and can negotiate repayment terms to suit your needs and budget.


A Personal Loan could be the right choice if you:

  • Need to access R3 000 to R150 000 quickly, with variable and fixed monthly repayment options and up to 84 months to pay
  • Are a South African citizen or permanent resident, 18 years or older, with a valid identity document
  • Receive a minimum income of R2 000 a month
  • Have a bank account into which your salary is deposited
  • Have proof of your current residential address, such as a municipality or rates bill
  • For personal loans below R 15,000: fixed monthly repayments and up to 60 months to pay.
  • For personal loans above R 15,000: variable monthly repayments, linked to prime and up to 84 months to pay.
  • For personal loans over R 30,000: you qualify for a longer repayment term of more than 60 months.

Rates & Fees

  • Competitive interest rates which are determined by your individual risk profile.
  • Initiation fee will be charged on all new personal loans based an individual risk profile.
  • Monthly service fee will be charged on all loans.

How do you qualify for Personal Loan from Absa?

  1. To apply you must be either a South African citizen or permanent resident and be in possession of a valid Identity Document and 18 years or older.
  2. You must have minimum income of R2, 000 per month and hold a valid bank account into which your salary is deposited.
  3. Proof of current residential address, e.g. electricity or cell phone statement, etc.

 

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Bank Loans located at 2nd Road, Kew , Joohannesburg, Gauteng, ZA . Reviewed by 541 customers rated: 6.6 / 10

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