Sometimes our dreams in life require a certain extra hand to finally come out. This usually means a little more money than we currently have in savings.
A personal loan can definitely help, whether it’s consolidating credit card debt or even making a big purchase. They offer the opportunity to get much needed extra cash at low interest rates.
With the Absa personal loan, the borrowed money you receive can be used for any purpose, be it renovating your house, paying bills, holding a big event, taking a vacation, it doesn’t matter. Enjoy the cheapest loan rates compared to any other personal loan company.
In addition, the customized Absa Personal Loan Annual Percentage Interest Rate (TAP) starts from a minimum of 13.75% per annum, where it generally depends on the base rate plus 18%. However, if you borrow the minimum loan amount (R3,000), you won’t have to worry about interest as long as you pay it off within the month.
Main Advantages of using the Absa Personal Loan
Absa Personal Loan can help you get the financing you need for many purposes and there are a few more perks. But there are some other pros, including:
- Best interest rates
- Switch your personal loan and save
- Flexible amounts and repayments
- Personal loans up to R350,000 with terms of up to 84 months
- Save money with one installment and a guaranteed low interest rate
- Outperform any other competing interest rate
With this loan taken out and the money showing up in your pocket, we’re sure you’ll be able to do whatever you want with it, having more freedom, options and of course, a better lifestyle – without having to worry about huge fees.
Requirements for the Absa Personal Loan
To get a loan through the Absa Personal Loan, you will need the following documents:
- Personal ID book or card
- Proof of residence, not older than 3 months. For example: a municipality statement, a lease or rental agreement, a Telkom or cell phone statement.
- Latest proof of income
- Last 3 months of bank statements
By fulfilling these requirements, you will be able to apply for this loan and finally enjoy more freedom.
How to Apply
Follow the step-by-step guide to apply for this personal loan:
- Go to the ABSA Personal Loan page and click on the “Apply Now” button
- Enter the amount you would like to borrow and for the time period.
- Confirm your personal data, your employment data, and your income and expenditure details
- You will see the loan offer for which you can qualify. You can Accept, Save or Reject the offer.
- If you accept the offer, choose the notification method for your loan agreement
- Check the details of your DebiCheck debit request and click accept
- Get ready! Your loan request has been approved and will be paid into your account.
If you think this is the right loan for you, then the time has come to apply using the Absa website.
Citibank Personal Loans