ABSA bank is a renowned financial services and financial institution in South Africa and beyond. Over the years ABSA has developed from just being a banking institution to a trusted and reliable source of credit for asset finance, property finance, working capital, vehicle management, specialised funding, technology finance and the famous term loans.
The term loan is a flexible loan facility offered by ABSA bank that allows clients to borrow cash for financing purchases especially very expensive equipment and property. Because this is a tailor made credit facility, this credit facility is structured to suit the needs of specific business and clients have a choice of choosing between monthly, bi-monthly, quarterly or annual installments in repayment periods which run between twelve and sixty months.
With this ABSA bank term loan, clients get a medium term to long term loan tied to the prime rate where interest is calculated on a daily basis and capitalised monthly. This credit facility provides the client with an opportunity to reduce the overall interest accruing on the loan by making advance payments which are above regular installments.
Because of its flexible nature and the huge amounts offered, the term loan has made a significant contribution to the growth of various sectors of the micro and macro economies which include Agri business, Construction, Logistics and supply chain, manufacturing, public sector as well as the retail and franchising sector.
ABSA bank can be contacted on 011 350 4000 and a dedicated team of trained experts committed to assisting you with this life changing term loan will be on hand to provide the much needed assistance.