African Bank Personal Loans

South Africa’s financial and banking landscape is among the healthiest on the African continent and continues to grow in leaps and bounds. One of the institutions making a huge contribution to the growth of this sector is African bank. Headquatered in Midrand South Africa, this bank has set itself apart by providing products and services catering for various niches of the market. One of these are the personal loans provided by this bank.

African bank personal loans offer great 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 installments are fixed, quick access as the loan is disbursed directly into your bank account and repayments are done conveniently via debit order from your bank account.

In order to qualify for an African Bank personal loan, you need to be 18 years or older and have documents such as ID book, latest original payslip, I  month bank statement reflecting your salary deposit or savings book and proof of residence. Proof of residence can be in form of latest utility bill, municipal account, retailer account, payslip or documents from an insurance company.

This loan facility comes with choose your break facility.This is a feature that is offered to existing customers and enables them to take a break from a payment on qualifying loans. This feature is offered to people on personal loans that have met the repayment requirements during the term of the loan.The break is available once a year and can be activated in an African bank branch or by calling the call centre.

African bank can be contacted on 0861000351.