Absa Loans – giving you a range of options
Absa provides clients with loan solutions designed to meet unique financial needs. If you’re looking for finance to cover expenses such as medical bills, car repair costs or even tertiary education tuition, it may be worthwhile to consider Absa’s range of personal loan options.
This product provides a safety net for those unpredictable months when you may need some extra cash. Absa gives you access to R1500 on this product as a minimum. A maximum amount of R8000 can be obtained with a repayment term of 1, 3, or 6 months. This loan a los has a roll-over ability, so you can take up another loan if the first loan is completely repaid.
Flexible, with affordable repayment terms, this solution gives clients the option to borrow between R3000 and R150 000. Repayment periods range from 12 to 72 months.
With this solution, as an Absa client, you get a short-term, limited credit facility on your cheque account. You are given access to money when you need the most. To qualify however, you need to have a minimum monthly income of R3000 and a good credit record. Offered as a fixed facility, a reducing facility and an indefinite facility, an overdraft is convenient and granted for an agreed time period.
If you are earning R8000 or more a month you may qualify for an Absa Revolving loan. How this facility works is that provided that you have repaid a minimum of 15% of the approved loan, you can re-borrow back to the approved limit without affecting your monthly repayments.
Call Absa on: 0860 008 600 or visit www.absa.co.za.