Good Reasons to Apply for an Absa Personal Loan Online

Good Reasons to Apply for an Absa Personal Loan Online

As a wholly-owned subsidiary of the Barclays Africa Group, Absa offers a range of retail, business, corporate and investment banking and wealth management products and services primarily in South Africa and Namibia. The bank bases its operations on values such as respect, integrity, service, excellence and stewardship. 

While the bank is one of the big four in the country, the bank strives to become the “Go-to” bank in the South African financial industry.

As part of its product suite, Absa offers different loans to suit different types of needs. While a comprehensive range of personal loans is offered, one of the most popular products offered by the bank is the Absa Personal Loan. These loans were introduced as a way of simplifying the banking experience.

Good reasons to apply for an Absa Personal Loan online:

Amounts are offered from R3000 to a maximum of R350 000, while flexible repayment terms are offered from 12 to 84 months.

Once approval has been confirmed, you’ll get immediate access to funds. There are no penalties of early settlement of the loan.

Absa promises to match/beat the interest rate offered by any other financial services provider.

Applying for an Absa Personal Loan online is simple. There is minimal paperwork involved in the entire loan process. All you need to do is provide your valid South African ID, proof of residence as well as your latest payslip. To qualify, you’ll need to earn a minimum salary of R2000 per month.

The application process is simple. All you have to do is log onto the Absa website As an existing client all you have to do is click on the “Apply Now” button online after logging onto your internet banking.

To contact Absa, call: 0860 100 372

Categories: Loans