If you are struggling to pay off multiple debts at the end of each month, you may be asking yourself what options you have. There is an easier way to make sure that you meet all your financial obligations: debt consolidation.
African Bank is a banking institution at the forefront of providing convenient solutions for the South African financial market. The Debt Consolidation loan offered by African Bank gives clients the option to pay a single monthly repayment with a fixed interest rate. Clients are able to benefit from lower interest paid on a monthly basis. With this product, clients have access to funds from R1500 up to R180 000 to consolidate their debt. A benefit offered by African Bank is that the consolidation loans are offered to both individuals and businesses.
With up to 60 months to repay the loans, clients are given adequate time to make comfortable repayments. By consolidating debt, clients have the benefit of reduced instalments as well as freed up cash flow.
It’s the vision of African Bank to improve the quality of life through affordable, convenient, responsible credit. The consolidation solution offered by African Bank can help you to understand, manage and improve your credit standing. It makes debt much easier to manage and to remember to pay.
What are the requirements for application?
You need to be 18 years or older, with a valid I.D. You will also be required to provide your original payslip, proof or residence and the latest 2 months’ bank statements.
Online applications can be done or by simply visiting your nearest African Bank branch.
Visit www.africanbank.co.za or call 011 256 9000.