ABSA Bank Loans Review (S.Africa)
ABSA Bank Loans – You can borrow from R3,000 up to R350,000 with a loan repayment term from 12 up to 84 months.
You will also be charged a personalized annual percentage interest rate up to the maximum of prime +17.5% and monthly service fees.
Type of ABSA Bank Loans
Express Loan: If you earn a stable monthly income, you can borrow from R1,500 up to R8,000. A loan repayment term from 2 up to 6 months. Express loans not only allow you to build a good credit record. But also helps you to cover your unforeseen emergency expenses quickly.
Instant Loan: When you need to receive quick cash, you can apply for an instant loan. Borrowing from R250 up to R5,000 immediately with a loan repayment term of 35 days.
ABSA Home Loans Review
If you want to purchase your first home, second home or buy to invest. Can always apply for a home loan issued by ABSA Bank Loans. Putting down a deposit. Or having a good credit record may allow you to be charged more affordable interest rates and fees.
ABSA Bank Loans Home: If you earn more than R23,000 , you can receive an ABSA Home Loan with a loan repayment term up to 30 years.
Loyalty Home Loans: If you are an ABSA Bank customer who wants to sell or buy a new house, you can apply for a Loyalty Home Loan and get 0.5% cash back on the value of your new home loan.
MyHome Loans: If you earn less than R23,000 , you can receive a MyHome Loan after submitting your 3 months bank statement showing the last 3 salary deposit.
Building Loans: If you want to build a home, you can apply for a building loan and start your repayments 9 months after registration.
Vehicle Loans – ABSA Bank Loans
Getting a car loan with affordable rates by ABSA Bank Loans to purchase your dream car. You will also be given several payment options which allow you to save on costs.
- You can pay a deposit to reduce your monthly payments or interest over the term.
- Can trade in your old car.
- You can make a balloon payment which means making a lump sum payment to have lower monthly repayments.
If you are a student, studying full-time or part-time. A educational institution, you can apply for a student Loans in South Africa to cover your complete study experience. This include your tuition fees, accommodation, books and equipment you need.