African Bank strives to provide clients with credit that is tailor-made to suit their needs and their financial situation.
The African Bank Loan Application is quite simple and can be completed online 24/7 or in-branch.
What are the requirements for an African Bank Loan Application?
- Valid South African ID
- Latest original payslip
- 1 months’ bank statement reflecting your salary deposit
- Proof of residence
By choosing to apply online you can save quite a lot of time. You can apply from the comfort of your home or without having to leave your office.
Why choose African Bank Loans?
African Bank Loans have been created to provide financial relief. With flexible repayment plans of up to 60 months, the loans are ideal for if you’re looking at repaying on a long term basis.
You can complete the African Bank Loan application to apply for personal loans from R500 to a maximum of R150 000.
Repayment terms are flexible, at 3 to 60 months, giving borrowers a reasonable amount of time to repay the loans.
Once you have been approved for an African Bank Loan, the loan amount will be paid directly into your bank account.
Once you’ve received the loan amount you’ll have the financial freedom to meet any of your financial challenges. Upon approval, you can use the loan to complete home renovations, pay for university fees or even pay for a car deposit.
There are fixed repayments, so as a client you are assured of a consistent repayment amount every month, allowing you to plan better
Repayments are made via debit order, making it easier for clients to repay and to avoid late payments or defaults
Loans are offered with Credit life insurance. This covers the remaining loan balance in the event of your death, permanent or temporary disability or retrenchment.