The Absa Express Loan is a short term loan that is useful for helping individuals with meeting day to day expenses. The economic climate of today is tough and has driven many people towards debt in order to meet their daily financial needs. One of South Africa’s leading banking institutions, Absa Bank has created a number of solutions designed to assist ordinary South Africans facing such challenges.
Through the Absa Express Loan, individuals are able to gain financial assistance for their short term needs.
Individuals are able to rely on the loan when they need cash to see them through to their payday.
Short term loans are offered from R1500 up to a maximum of R8000. Repayment terms are also designed to give individuals flexibility and to ensure that the loans are repaid timeously. Repayment periods are offered from 1, 3 to 6 months.
What are the benefits of choosing the Absa Express Loan?
Upon approval, the loan is available immediately.
A credit protection plan is included, which covers the loan in the event of death, disability or retrenchment.
Easy payments can be made by debit order, saving clients time and money. They won’t have to waste any time running around at the end of the month to pay Absa.
There are no penalties for early settlement of the loan. Absa encourages individuals to settle their debts as soon as they can.
Interest is calculated upfront, so when individuals apply they know exactly how much they will be expected to repay at the end of the loan term. There are no hidden fees and the process is completely transparent.
What do you need to apply?
- A valid South African ID
- A minimum monthly income of R1500
- Provide bank account details of where your salary is paid
- Provide proof of residence
To apply for the Absa Express Loan, visit www.absa.co.za or call 0860 100 372.