African Bank is a leading retail bank offering financial products and services to South Africans. The institution has assisted thousands of individuals through the provision of competitive products and services through the years.
In addition to transactional services and insurance products, African Bank also credit solutions.
One of these credit solutions is the offer of African Bank personal loans.
Available across South Africa, these loans are ideal for paying for large expenses or even meeting daily needs if funds have run out mid-month.
Tell me more about African Bank loans?
African Bank loans are designed to suit a wide range of needs. They are offered from as little as R500 up to a maximum of R150 000.
Flexible repayments of between 3 and 60 months are offered.
The loans are offered with a quick pay-out, so once you are approved, you won’t have to wait too long to get access to the cash. The money is deposited directly into your bank account.
Fixed repayments mean that you have the benefit of consistency. Repayments remain unaffected by fluctuations in the prime interest rate. This way, as an African Bank client you are able to budget better on a monthly basis, because you know exactly how much is required from you. In addition, African Bank does not charge any penalties for early settlement of the loan.
In terms of qualifying criteria, affordability rates apply.
What you need to apply:
- Provide a valid South African ID
- Provide your latest original payslip
- Provide 1 months’ bank statement
- Provide proof of residence
African Bank loans also include Credit Life Insurance, which covers your debt in the event of permanent or temporary disability, retrenchment, compulsory unpaid leave and death.
The Choose your break facility allows existing customers to take a break from a payment on qualifying loans.
Visit www.africanbank.co.za to apply.