Organization : African Bank Limited
Facility : Apply For Personal Loan
Website : https://www.africanbank.co.za/en/home/product-personal-loan/
African Bank Personal Loan Online Application
Borrow from R2000 to R250 000 with fixed repayments over 7 to 72 months. Planning to buy a car, renovate your home or improve your education? Our Personal Loan offers many features which give you more value than you might have expected.
How to Apply?
Just follow the below steps to apply for Personal Loan online,
Step 1 : Visit the official website of African Bank through provided above.
Step 2 : Read the instructions carefully and click on “Apply Now” button.
Step 3 : Fill the registration form with the required details.
Step 4 : Agree the terms & conditions and click on “Apply Online” button.
Step 5 : Fill the remaining details to complete the application.
To get a Personal Loan offer suited to your lifestyle, you will need to have the following documents on hand
** Most recent proof of income, reflecting 3 salary deposits
** Proof of residence not older than 3 months
** You must be over 18 to apply for a Loan
** Latest bank statement, reflecting 3 salary deposits
Credit Life Insurance
Rest assured that your credit is insured should anything happen to you that would prevent you from making repayments.
As a Category A Consumer, you’ll be covered (either to settle your outstanding obligation in terms of your credit agreement/facility or pay installments towards your credit agreement) in the event of death, permanent disability, temporary disability, retrenchment, unpaid leave or short time.
Choose your Break is a unique African Bank feature that we offer you as an existing customer, enabling you to take a break from payment on qualifying loans.
If you are a Category B Consumer, you will be covered for Death only (we settle your loan and/ or credit card debt).
1. How and when do I get my Loan?
The first step is to apply for a Loan. You have the choice of applying online, over the phone or by visiting your nearest branch.
Once you have applied for a Loan, your information will be reviewed and if the Loan is awarded to you, the Loan amount will be paid directly into your bank account
2. How and when do I make Loan repayments?
Your repayment dates are set out on the front page of your agreement.
Your first repayment is due seven days after your Loan is deposited in your bank account. All other instalments are due on the first day of the month.
Repayments can be made by setting up a payroll deduction or a debit or stop order from your bank account Or, we can arrange to deduct the money from your bank account monthly on the day you are paid.
3. Can I pay off my Loan or Credit Card early?
Yes. You can call us for a settlement amount if you want to settle your outstanding balance. Or you can increase your repayment amounts to pay off your Loan or Credit Card quicker. Feel free to call us on and to discuss your options.