Whether you are paying for your emergency medical bills or saving up for your travel abroad, the Absa Online Personal Loan can help you out in your time of need.
The Absa Online Personal Loan is perfect if you’re after flexible loan amounts and even more flexible repayment terms. The best part? You are guaranteed to get the best interest rates from the bank. To know more how you can avail of all these advantages, read on.
Absa Online Personal Loan Features and Benefits
There is a lot of personal loan options under Absa Bank. Of these, one of the most accessible and inviting offerings under the bank is its Switch and Save Personal Loan. Through this offering, you can say goodbye to expensive repayments. You can even allow the bank to pay your creditors directly!
One of the perks that come with the Absa Online Personal Loan is gaining access to its flexible loan amount and repayment terms. Under this offering, you can get loans of up to R350,000. Loan repayment terms can last up to 84 months, giving you ample time to pay off the amount you borrowed.
Another benefit you will surely appreciate is being given the best interest rate on the market. Should you happen to get offers on lower interest rates, Absa Bank ensures to beat competing loan offers.
Absa Bank also highlights its ability to offer additional funds. Should you come up short for your needs and need more cash on hand, you can easily request to top up your loan or to apply for another personal loan. With this choice, everything is within your reach.
Applying for an Absa Online Personal Loan
If you are interested in applying for a personal loan, head to the Absa website and click on Apply now. You can also visit a branch near you or call the bank’s hotline. Contact information and a list of Absa branches near you can be found online.
To qualify for a personal loan, you must be at least 18 age years old or older, earning a regular monthly income of at least R2,000. Likewise, having a bank account where your monthly income is deposited is imperative.
In applying for a personal loan, you will need to bring your valid South African or Smart card with you. In addition, a proof of residence, as well as your latest three payslips or three month’s bank statements, will also need to be brought with you. If you have existing loans with other lenders, a settlement letter of your personal loans from lenders should also be brought.
If your application is approved, you can take out a loan of up to R350,000.
Absa Online Personal Loan Fees and Charges
There is a personalised interest rate which can reach up to a maximum of 17.5%.
For example, a loan amount of R50,000 with a 36-month payment period at 21% interest means paying a monthly fee of R1,998.
If you are searching for flexible payment terms and low interest rates, the Absa Online Personal Loan is worth taking a look at. Apply now!