Absa is a prominent bank which has been servicing South Africans' financial needs for a long time. Included in its comprehensive services packages, Absa offers clients competitive loan options. These have been created by Absa to help clients with meeting their unique financial circumstances. With favourable, fair and versatile repayment terms, Absa loans are available in the form of the Absa Express Loan, Personal Loan, Revolving Loans and Absa Overdraft.
Absa Express Loan:
This short-term loan's offered by R1500 to R8000, with repayment periods between 1, 3, or 6 months. Offered by a set interest rate, the borrowed funds has an easy repayment plan (via debit order) and penalise clients for early repayment. Applicants need to be S.A. citizens, 18 years or older, permanently employed, earning a salary of at least R1500 monthly. Current proof of residence and banking details are required as well as an affordable Credit Protection Plan is included.
Personal Loan:
This is wonderful for financing long or short term goals. It offers R3000 to R150000 in finance, with up to 84 months to pay for. Fixed interest rates make an application for loans adopted to 60 months, while those taken for 84 months are subject to variable rates of interest associated with prime. Rates and costs charged are susceptible to individual risk assessment. No collateral is needed and approval can be confirmed within minutes.
Revolving Loans:
These are for applicants earning in excess of R8000 monthly. The ability allows you to re-borrow funds that you've already paid off without going through the process of re-applying for it from scratch. Interest is fixed.
Overdraft:
Candidates have to earn a lot more than R3000 monthly. This facility allows clients to gain access to money that exceeds their zero bank balance. Daily interest rates are incurred.
For application details, visit: www.absa.co.za.
