South Africa is a country with individuals who enjoy high levels of income let alone investing sizeable assets. As such the South African banking sector designed a financial system that allows individuals to invest and enjoy other financial services provided by banks to private individuals.
These rich, high net worth individuals are offered a range of innovative home loan options that are structured according to their (individuals) requirements – all facilitated through your dedicated and professional Private Banker.
Absa’s Private Banking Home Loan could be the right choice if you:
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Earn a gross annual income of R750 000
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You are or desire to become a Private Bank client
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Would like the flexibility and choice to structure your home loan to suit your needs
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Want expert advice and support from a Private Banker who will handle the application and transfer process for you
Apart from that, the Private Banking Home Loan offers individuals who meet the above criteria:
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Negotiated interest rates on an individual’s home loan if his/her Private Banker guides them through the process
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A MultiPlan which enables you to link multiple loan accounts into one credit facility each with individual financial characteristic
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An option to deposit and withdraw funds using the FlexiReserve option
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An access to Absa’s Private Banking which suites where you can conduct your banking and financial transactions in a private and exclusive environment
Clients who wish to know more information regarding this product should call Absa on 0860553553 or alternatively send an email to privatebanking@absa.co.za