In need of money for your education, travels or purchasing your dream car? You don’t have to settle to unsecured loans because now, you get more value to your money with African Bank Online Personal Loan. Enjoy fixed monthly repayment, higher loan amount and longer terms to pay back the borrowed money. It’s everything you’re looking for, all wrapped into one amazing loan.
In case you’re interested to find out the features of this personal loan as well as the requirements needed to apply, read on.
Features of the African Bank Online Personal Loan
African Bank helps you turn your dreams into reality with absolute affordable loans and easy application. In case you are planning to get married or have your home renovated, you definitely can trust African Bank for a smooth and steadfast loan process. In this article, we’re going to dig deeper into the perks of applying for the African Bank Online Personal Loan.
When it comes to applying for a loan, some people get easily intimidated by the process plus the towering fees. With some lenders, this might be true but for African Bank, you’ll surely feel confident and at ease because you are in good hands. Applying for the personal loan can be done online and the requirements are just standard. No need to worry about the fees because these are all minimum.
In case you need bigger funds for personal expenses, you’ll be glad to know that with African Bank Online Personal Loan, you can borrow up to R250,000 payable in 7 to 72 months! Once your application is approved, funds can be transferred straight to your bank account. Absolutely no cold cash for your safety and convenience.
Afraid of the unsteady monthly repayments? No need, because you will know exactly how much you will be paying each month, thanks to the fixed repayment scheme. This way, you can have peace of mind every month.
African Bank Online Personal Loan Application
You can apply for this loan in an easy as 1,2 and 3 steps! First, you need to visit the website of the African Bank for the online application. Then, you can tap on the Apply Now and fill out the form. You also need to have supporting documents with you such as 3 salary deposits for the proof of income, proof of residence and bank statement reflecting 3 salary deposits.
To ensure that your application will be successful, you must be at least 18 years old, employed and is a South African resident. Note that you can borrow up to a maximum of R250,000, but African Bank will give something that’s manageable for you to pay.
Fees and Charges of the African Bank Online Personal Loan
There are a few fees you need to settle like one-time initiation fee of R1197, a monthly admin fee of R69 plus the interest rate of 15% up to 27.50%. All prices already include VAT, so there’s nothing more to think about.
All in all, the African Bank Online Personal Loan is the best choice to get instant funds for home renovation, vacation or for your education. Apply now and make your dreams happen!