ABSA Loans – ABSA Bank is one of South Africa’s leading authorized financial provider, and they provide a variety of ABSA Loans. Here we are going to run through some of the loans they provide:
ABSA Debt Consolidation Loans
These ABSA Loans will make you save on debt with a 8.8% interest rate. You can also consolidate your debt into your ABSA Credit Card, and also make one payment per month instead of multiple loan repayments over a repayment term of between 18 to 48 months, while you keep a record of your payments.
ABSA Express Loans
These ABSA Loans are ideal for those unexpected life circumstances where you are required to have money to resolve them. ABSA Express Loans will give you access to cash instantly which you can pay off when you get paid. Express Loans will give you access to between R1 500 – R8 000.
ABSA Personal Loans
The ABSA Loans makes you borrow more money than the Express Loan and the repayment period is more than the one above. ABSA Personal Loans will give you access to money between R3 000 to R150 000, and pay it back between 12 to 84 months.
ABSA Revolving Loans
These ABSA Loans gives you the ability to re-borrow some of the money you have already paid off, and the good news is that you don’t have to re-apply again and is charged a fixed interest rate.
If you earn more than R3 000 you will be eligible to get an ABSA Overdraft. This type of ABSA Loan gives you the ability to withdraw money that exceed the 0 balance in your account but its interest rates is charged on a daily basis and would be ideal to repay them off as soon as possible.