African Bank is one of the banks at the forefront of providing quality service in the South African financial industry. In addition to a range of transactional services, the bank also has a number of credit solutions.
African Bank has a value system that operates upon the principle that credit should work for you. African Bank strives to ensure that credit becomes a relief and viable solution for clients.
The products and services offered by the bank are wide-reaching and convenient for most financial needs.
African Bank Personal loans are offered as short or long term and are tailored to suit individual needs.
What are the benefits of African Bank Personal Loans?
You get access to loan amounts of between R500 to a maximum of R150 000.
You have the benefit of flexible repayments of 3 to 60 months.
Instalments are fixed throughout the term of the loan, so you can budget better as you know exactly how much you are liable to pay at the end of every month.
You get quick access to the loan. As soon as you have been approved for the loan it will be paid directly into your bank account.
Convenient repayments can be made via debit order, so you don’t have to worry about trying to run around at the end of the month so you can make payments.
Applications can be made online, giving borrowers convenient ways of getting the best African Bank Personal Loans.
The Take-a-Break facility is a unique feature offered to existing customers. It is offered to borrowers who have met the repayment requirements during the term of the loan.
What are the qualifying criteria?
- Be at least 18 years of age
- Have a valid South African ID
- Provide your latest original payslip
- Provide proof of residence
- Provide your latest bank statement