Absa Personal Loans
Absa Personal Loans
Do you need extra cash fast? An Absa Personal Loans is the smart choice. Use the cash for unexpected expenses, purchase items for your home or even take a well-earned vacation – it’s up to you. The Absa offers you awhat called Absa personal loans from R 3,000 to R 150,000 at competitive interest rates, with easy repayment periods of between 12 and 84 months.
A Absa personal loans is the perfect financial solution when you need access to funds to help with a planned or unplanned event. You can borrow the funds for a set period of time and negotiate easy repayment terms to suite your needs and budget.
* 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.
Absa Personal Loans Rates and 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 Absa Personal Loans
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.
Absa Personal Loans Benefits
* Highly flexible, covers a wide range of needs
* Separate statement providing details of your borrowings in full
* You are not tied to a fixed rate, a benefit when rates decline
* You pay the exact amount necessary to repay the loan within the period selected by you, based on the current interest rate
* You can plan exactly around the repayment date of your facility Credit Life Assurance on Personal Loans: The Credit Life offers benefits such as Death, Disability, Retrenchment and Dreaded Disease cover. If taken out, it will be serviced on a monthly basis
Hope this information can be useful for explaining about Absa Personal Loans.