True to its name, the Absa Express Loan offers individuals quick and convenient ways of getting access to cash during financially stressful periods. This loan provides clients with easy ways of getting finance to pay for expenses such as school fees or a family medical bill. Short-term in nature, Absa Express Loans provide clients with finance from R1500 up to R8000. Repayment terms range from 1, 3 to 6 months.
To qualify, individuals need to earn a minimum income of R1500 per month and provide proof of a bank account into which their salary is deposited. They will also be required to provide proof of their current residential address, such as a municipality or rates bill. A valid South African I.D needs to be presented.
Benefits include not having to pay penalties for early repayment. The loan has a roll-over ability, so clients can take another loan up if the first loan is completely repaid. Interest on the loan is pre-calculated and is paid as part of the instalment. Repayments are done via debit order, simplifying the process for both parties.
As a registered credit provider, Absa values its clients’ protection and aims to give them peace of mind. Absa Express Loans include an affordable Credit Protection Plan to settle the outstanding balance in the case of death, permanent disability or contraction of a dread disease.
Contact Absa on: 0860 100 372 or visit www.absa.co.za.
You can also visit your nearest Absa branch where a trained consultant will be on hand to assist with your enquiries.