How to Apply for a ABSA Personal Loan

When getting or applying for a personal loan you want peace of mind regarding the options that the loan actually provides, having said that look no feather as the ABSA Personal Loan provides such peace of mind. When applying for an ABSA personal loans you are setting your dreams in motion.

ABSA personal loans contains some of the interesting and great benefits such as flexible loan amount and repayment term ABSA offers the widest range of personal loans of up to R350 000 with a loan repayment term of up to 84 months, you could be provisionally pre-qualified when applying for an ABSA personal loan but this only applies if you are a Absa customer you might provisionally pre-qualified for a personal loan. You can view your limits on Absa Online or at any Absa ATM. With Absa personal loan you will get the best interest rate with their price guarantee, If you take out an Absa Personal Loan and you’re offered a lower interest rate elsewhere, they guarantee to beat it.

How to Apply for a ABSA Personal Loan

Applying for an Absa personal loan is supper easy and you can choose out of variety of ways to apply, the first one is to apply online via Absa website www.absa.co.za, or you can go to any absa branch and apply there.

Repayment term:
From 12 to 84 months

Interest rate:
Personalised Annual Percentage Interest Rate (APR), up to the maximum of prime +17,5%.

Estimated interest repayment:
The estimated monthly repayment on a R50 000 loan taken over 36 months at an interest rate of 21% per month would be R1 997*.

*Includes a monthly service fee and one-off initiation fee.

Credit Protection Plan:

The Credit Protection Plan will cover you in case of death, disability, critical illness or retrenchment. This cover is required for loans of less than R15 000 and optional for loans of more than R15 000. You can get cover to protect your loan or facility with Absa Life Limited or any other licensed life insurer.

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