The 15% loan with African Bank in South Africa

With so many options to choose from, especially from different Credit Provider Institutions, you will always be faced with a unique product – now, imagine having a low fixed interest rate at 15%, ensuring you of the same and fixed monthly repayments. There are ways to bank, and there’s African Bank’s way of banking.

You can choose to make payments from 12 to 72 months (a year to 6 years), these flexible terms are available to you when you have been approved for a 15% loan with African Bank in South Africa.

You have a peace of mind without having to worry about vary monthly repayment, you’ll know exactly how much you owe and re-pay without change on a monthly basis.

Applying is made easy through online, or you can visit your nearest African Bank branch, alternatively, you can apply over the phone.

[ht_message mstyle=”alert” title=”” show_icon=”” id=”” class=”” style=”” ]You can apply for a 15% loan of up to R50 000 and have the amount deposited straight into your account – it’s your money, you can whatever you want with it, pay off school fees, buy a washing machine, pay off your car, to repay other loans with your current loan, you can consider a consolidation loan with African Bank.[/ht_message]

What is needed to apply?

Just like with any application process African bank will need the following to qualify for a consolidation loan:

[ht_message mstyle=”success” title=”” show_icon=”” id=”” class=”” style=”” ]

• Proof of income (3 months latest salary deposits)
• Proof of residence
• Latest 3 month Bank Statement
• Must be 18 years or older

[/ht_message]

African Bank will not leave you or your family stranded in an unfortunate event that unforeseen circumstances knock at your door, anything that can prevent you from making usual repayments, African Bank got you covered with Credit Life Insurance.

Your outstanding loans can either be settled as per agreement or pay installments as per credit agreement, should you encounter a permanent disability, temporary disability, unpaid leave, retrenchment or God Forbid, death.

[ht_message mstyle=”success” title=”” show_icon=”true” id=”” class=”” style=”” ]iRead: African Bank’s Credit Life Insurance[/ht_message]

African Bank gives you an opportunity to take a break from payments, isn’t that great? Use that to your advantage, it’s your right.

However, African Bank stresses that if you are a Category B Consumer, when it comes to Credit Insurance, you will only be covered to death, in the unfortunate event that you pass on; your loan/credit card debt will be settled.

[ht_message mstyle=”success” title=”” show_icon=”” id=”” class=”” style=”” ]For more information The African Bank 15% Loan Page or go to the nearest branch for any quiries, alternatively you can contact Customer service centre on 0861 111 011 or email CExperience@africanbank.co.za[/ht_message]