Are you in need of financial assistance to purchase a car, renovate your home or pay school fees an ABSA Personal Loan can definitely assist you in completing that task with ease.
With an ABSA Personal Loan, you can borrow a loan amount starting from R1500 up to R350 000 quite enough to help fulfil your goal the repayment period for the loan ranges from 2 months up to 84 months and if you bank with ABSA your repayment starts from 2 months.
Getting an ABSA Personal Loan is very easy and ABSA offers Personalised Interest Rates starting from 13,75% per year an APR that’s very low when compared to other credit providers or loan lenders.
Representative example, if you borrow a loan amount of R10 000 for 12 months you are going to pay R1155,72 in total you are going to pay R13868,64 service fee of R69, credit insurance of R43,15 and initiation fee of R1207,50 included.
What’s Required To Apply For The ABSA Personal Loan
The following will be required when applying for an ABSA Personal Loan:
- Must be a South African citizen
- Have a Valid ID card or document
- Must be employed
- Latest 3 months bank statement
- Latest 3 months payslip
- Proof of residence will be required if you don’t bank with ABSA
Steps to Apply for ABSA Personal Loan
Applying for an ABSA Personal Loan is easy and hassle-free and you can follow these simple steps to apply for the loan if applying online but if you prefer to apply at a branch the consultants will guide you through the process the requirements mentioned above will be needed.
- You should visit the ABSA website go to the personal loan page then click “Apply Now”
- You will be then asked about your financial status (whether you have debts or not)
- Loan details will be required like the amount you desire and the repayment term
- You will then be required to provide your personal details like your names, ID number and physical address
- Then your financial details will be needed like your monthly expenses and income
- After completing all the steps you will be sent a message about your application outcome whether you qualify or not
ABSA Contact Details
If you want to get in touch with after regarding their personal loan credit you can use the following details:
- Phone: 0860 100 372
- Email: absa@absa.co.za
