Absa Revolving Credit. – Stay on top of your finances with the Absa revolving credit facility. This facility gives you access to funds without having to re-apply. As the name suggests this is a loan that continually revolves.
Absa revolving credit is available from R15 000 up to R150 000. How much you qualify for will depend on your credit record and affordability. The facility does not have a maximum loan term as the term is indefinite with a minimum term of 12 months.
One advantage of having this facility is that it gives you credit you need when you need it the most. You have access to funds without having to re-apply. Once you have paid 15% of your loan amount, you will get access to the full amount. This better equips you to deal with unexpected expenses.
Absa promises to offer the best interest rates. If you take their revolving credit facility and another lender offers you a better interest rate, they will drop their rate to beat it.
Applicants for the Absa revolving credit facility have the option of taking Credit Life. This is a plan which will settle any outstanding amount on your loan in the event of death or disability.
Application can be done at any of the Absa branches countrywide. Alternatively you can phone them using the number listed below and apply telephonically. Our recommended method is the online application. This will save you on time usually spent in queues as branches. It also gives you the convenience of being able to apply from your home or office.
Requirements To Apply For The Absa Revolving Credit Facility
- You must be 18 years of age or older
- Valid South African ID
- A regular income of R8 000 or more per month
- You have to be an Absa existing client
- Proof of residence
Absa Revolving Loan Contact Details
For more information of this facility from Absa you can visit their website www.absa.co.za or call them on 0860 100372. They have friendly consultants ready to assist you with any other question you might have.