The Absa Express Loan is an ideal solution for short term financial needs. Absa is a leading financial institution that is renowned for providing its clientele with quality financial services. In addition to a range of transactional services and investment opportunities the bank, which now forms part of the Barclays group, has a number of personal loan options.
The Absa Express Loan is helpful for when you have a financial crisis to handle. If you need short term finance to help you pay for rent, your child’s school fees or an unexpected medical bill, this may be just the right plan.
How much can you get with the Absa Express Loan?
Absa gives you access to loan amounts between R1500 and R8000. Repayment terms are flexible and affordable, giving you the choice between a 1, 3 or 6 month term.
What are the qualifying criteria?
- Be a South African citizen
- Have a valid South African I.D.
- Provide proof of residence
- Be employed and earn a minimum salary of R1500 per month
- Have a bank account into which your salary is deposited
What are the benefits of getting an Absa Express Loan?
The loan has a roll-over ability, which means that once you have the initial loan amount in full, you can get access to more funds.
Repayments can be made via debit order, which is convenient and less time-consuming for you.
The loan is available to any qualifying individual – you don’t have to be an Absa client to qualify.
A Credit protection plan is included which settles the outstanding balance of your loan in the case of your death, critical illness or disability.
Repayment schedules are flexible, giving you a reasonable amount of time to repay comfortably.