Being able to access cash whenever you require it is definitely an enticing means to fix many financial glitches. Absa has recognised this need and has endeavoured to become the first choice in credit provision. Absa's Revolving loans are available to Absa transactional customers earning R8000 or more monthly. The loan facility is definitely an on-going or 'open' loan facility to have an agreed amount. Provided no less than 15% from the approved loan continues to be repaid, you can borrow to the approved limit without affecting your repayments. This means that you have access to the accessible funds if you need them, without needing to re-apply every time.
With Absa Revolving Loans, the borrower has the flexibility to determine how often they want to withdraw in the loan and at what time intervals. These aren't considered term loans because, in this allocated time period, the ability permits the borrower to repay or take the loan out again. Borrowers may use because the loan as is available and just pay interest on which they've used.
Absa's Revolving loan service is suitable for those who would like on-going use of a facility of between R15000 to R150000 (subject to a maximum of three times your gross monthly salary.) Applicants need to be a minimum of 18 years old or older. They should be South African citizens or permanent residents. Advantageous would be the fixed repayments that do not fluctuate. Interest rates are based on clients' individual risk profiles. A Credit Protection Plan is included.
To benefit from Absa's Revolving Loan service, call: 0860 100372.
