African Bank – A reliable Banker

Financial and Banking have always been established on the foundation of providing financial solutions. Banks are designed to lend out money and receive money on deposit.The bank is therefore the most important financial intermediary in the economy as it connects surplus and deficit economic agents. One institution playing a crucial role in this regard is African Bank.

African Bank Limited which is also commonly referred to as African Bank is a commercial bank in South Africa and operates as a subsidiary of its holding company called African Bank Investments Limited.This bank has distinguished itself by providing personal loans, debt consolidation loans, cash loans, student loans and credit cards.

African Bank personal loans offer benefits such as loans to suit a wide range of needs from R500 to R150,000, flexible repayment periods between 3 to 60 months, consistency as your repayment instalments are fixed, quick access as the loan is disbursed directly into clients bank account and repayments are done conveniently through debit orders.

Consolidation loans allow you to settle other debt and take the remaining capital out all in one loan.These loans come with repayment terms from 18 to 60 months. Other benefits include the fact that they simplify the administration of multiple lenders and multiple loans, often results in savings due to the consolidation of administration fees, reduced instalment frees up cash flow and no settlement quotes are required and customers can consolidate up to five accounts from a wide range of credit providers. Closely tied to Consolidation loans are student loans which are offered to students in higher learning institutions.

African bank also offers its clients credit cards which bridges the gap, offering clients more purchasing power and more freedom. The Silver credit card offers free till point transactions, SMS notification service, free ATM withdraws for the first two withdraws and there is also credit life insurance attached to it.The Gold card offers you the freedom to live the lifestyle that you deserve.The benefits with the gold card are similar to the silver card.

In order to qualify for these products offered by African Bank, you need to be 18 years or older and bring along your ID, latest original payslip, 3 months stamped bank statements and proof of residence.

African Bank can be contacted on 0861000351