ABSA Express Loan

Absa Express Loan

ABSA Express Loan – Are you looking for a short-term loan with repayment terms of up to 6 months? If your answer is yes then the Absa Express Loan is ideal for you. With life full of unpredictable events we all need some extra cash and the Absa Express Loan gives you access to a short-term loan from R1 500 up to R8 000 for those rainy days. The repayments terms are minimum of 2 months and maximum of 6 months.

How much is approved will depend on your individual credit record and affordability.

This loan is ideal for unforeseen emergency expenses. Also ideal I situation where you need some extra cash which you want to pay back quickly.

The interest rate on the Absa Express Loan is fixed. This means that even if interest rates change, your instalment will remain the same.

Benefits of the Absa Express Loan

  • You get peace of mind knowing that you dealing with one of the leading banks in South Africa
  • Repayments are easy as they are made by debit order
  • You get an affordable credit protection plan which will settle your loan in the event of your death, disability or if you get one of the dread diseases
  • No early settlement penalties for early payment
  • It is an unsecured loan which means no collateral is needed to obtain a loan.
  • Absa Express loan has roll-over ability which means you can take another loan once you have fully paid your loan

Requirements to Apply For The Absa Express Loan

  1. Your ID Book
  2. You must earn a minimum amount of R1 500 per month
  3. Proof of residence
  4. 3 months payslips or bank statements
  5. You should have a bank account into which your salary is paid

Application can be done online (for existing customers) or you can visit your nearest Absa branch.

Absa Express Loan Contact Details

For more information visit their website or call Absa Express Loan on 0860 100 372.