Personal Loans are considered the best option for people looking for financial assistance. An African Bank Personal Loan can assist you when you need money to fulfil your financial endeavours.
Getting an African Bank Personal Loan is quick and easy, you can borrow a loan amount ranging from R2000 up to R250 000 and the repayment term ranges from 7 months up to 72 months.
For a representative example, if you borrow a loan amount of R2000 with a repayment term of 12 months you are going to pay R298,14 every month and in total, you are going to pay R3577,68
African Bank Personal Loan Eligibility Criteria
To qualify for an African Bank Personal Loan you must meet the following requirements
- Must be a South African citizen
- 18 years or older
- Must be permanently employed
- Have an active bank account, where your salary is paid
Documents Required When Applying
The following documents will be needed when applying for the loan
- Valid South African ID
- Latest Proof of residence (i.e. electrical or water bill)
- Latest 3 months’ payslip
- Latest 3 months’ bank statement if not banking with African bank
Where Can I Apply For an African Bank Personal Loan
Applying for an African Bank Personal Loan is very easy and if you meet the eligibility criteria and have the documents mentioned above you can simply apply at your nearest African Bank branch their friendly consultants will assist you with ease and if you wish to do everything in the comfort of your home you can apply online on the African Bank website or app by choosing the loan amount you desire and the repayment term that suits your budget then click the “apply now” button to complete the application form.
On the application form, you will be required to provide your personal and work details and you will also be required to share your monthly expenses so that you can be offered a loan amount that you can afford and won’t put a strain on your budget.
When Will I Get My Loan
If your loan application gets approved you will receive the loan you borrowed in just 48 hours and you will receive a email or SMS confirming that and delays of payment can be caused by the bank you are using.
African Bank Contact Details
- Phone: 0861 111 011
- Email: CExperince@africanbank.co.za
- WhatsApp: 0600 123 716
