Absa bank is one of South Africa’s biggest financial institutions. Living by the motto of today, tomorrow and together, Absa’s business development and existence has been driven by innovation and flexibility by providing products and services which meet the needs of a very diverse clientele.
Using reliable and tested market research techniques, Absa saw the need to introduce a platform for prospective clients who would like the full use of the vehicle or other assets without the hassles of ownership, clients who need to use an expensive vehicle or asset but don’t want to buy it, clients who would like to pay only for the use of the vehicle or other asset, these client needs are what brought the Absa rental agreement on the scene.
By using the Absa rental agreement, a client will get to have full uninterrupted use of the vehicle or asset of choice for an affordable fixed monthly payment, the flexibility of choosing a repayment period of 24, 36, 48, 60 or 72 months, the choice of lower monthly repayments by opting to make a balloon or residual value payment at the end of the rental contract period, VAT is not capitalised in advance but rather paid on every instalment, A risk assessment may require you to pay a deposit upfront at the start of the lease, an initiation fee and a monthly service fee is charged on all new contracts, affordable credit protection plan to settle the outstanding balance in the case of death, disability or retrenchment, if you are registered for Absa internet banking, you can link this account to your profile and be able to view the financing details and monitor the outstanding balance and transaction history.
To qualify for this Absa agreement, one needs to have a valid Identity number or passport number, proof of residence, employment details, banking details, details of the vehicle or other assets to be financed, summary of monthly income and expenses and details of insurance where applicable.
With Absa, access to vehicles or assets is now an easy process. Absa can be contacted on 0113504000 or 0860669669.