Loans
African Bank Personal Loan review: loans up to R350,000
Get to know one of the best personal loan services available in the country: high amounts and a long period to pay. Find out more below!
Advertisement
African Bank Personal Loan: get the money you need in a few minutes
Read this full review to learn more about the African Bank Personal Loan service. In effect, this is the easiest way to get up to R350,000 for the necessities you need.
African Bank Personal Loan: find out how to apply!
Apply for African Bank personal loan and get up to R350,000 in loans at 15% interest rates! Learn how to take advantage of this opportunity!
Are you interested in learning more about what this lender has to offer? Great! Then continue in this post!
| Interest Rate | From 15% to 24.50%. Insurance rate from 5.04% to 5.4%; |
| Loan Purpose | Student loans, construction or renovation of the property, and many others; |
| Loan Amounts | From R2.000 to R350.000; |
| Repayment Term | From 7 to 72 months (6 years); |
| Initiation Fee | Charged (amount not specified). |
Is the African Bank Personal Loan a good option?
The personal loan service African Bank provides is one of the country’s best. Indeed, it is not difficult to understand why so many experts share this opinion.
Thus, customers can count on up to R350,000 to pay flexibly for up to 6 years. Also, fixed payments allow for much more comfortable financial planning.
In addition, in fatality cases, you can simply “freeze” your loan and stop payments for a certain period. So if you use these features, you will not incur any fines or penalties.
Some customers may be entitled to a 15% interest rate. In addition, you have the convenience of an online application process, which can be done anytime, anywhere.
You will be redirected to another website
The pros and cons of the African Bank Personal Loan
African Bank Personal Loan has already helped make many dreams come true. However, these lending services have details and “surprise fees” to check.
So, learn more about this service’s main advantages and disadvantages in the lists below.
Advantages
- Apply for an amount of up to R350,000;
- Count on up to 72 months (6 years) as payment term;
- Apply in a few minutes from your cell phone or computer;
- If necessary, you can stop payments for a specified period, and you can rely on insurance coverage for fatal accidents.
Disadvantages
- High mandatory insurance rate: up to 5.4% of the requested amount;
- You will pay a monthly administration fee of R69.00 until the end of the repayment period;
- The African Bank charges an initiation fee in most cases;
- To be covered by permanent disability, temporary disability, retrenchment, unpaid leave, or short time, your insurance will be more expensive.
What are the requirements?
Below, check out the basic criteria for applying for a personal loan at African Bank:
- Be at least 18 years of age;
- Have proven income;
- Be South African or have South African nationality;
- Live or have a permanent residence in that country.
African Bank Personal Loan application process
After this review, understand why applying for an African Bank Personal Loan is easier than you might think! To learn how to see the following post.
African Bank Personal Loan: find out how to apply!
Apply for African Bank personal loan and get up to R350,000 in loans at 15% interest rates! Learn how to take advantage of this opportunity!
About the author / José Gonçalo
Trending Topics
Woolworths Black Credit Card full review: should you get it?
Woolworths Black Credit Card, the card that will give up to 3% of the amount spent on all your purchases back to you! Learn more here!
Keep Reading
Buy cheap Lift Airlines flights: easy step by step
Discover the step-by-step guide to buy cheap Lift Airlines flights and get 30% discounts on tickets and up to 20% discounts on accommodation!
Keep Reading
Nedbank Personal Loan review: Get a loan of up to R300.000
This Nedbank Personal Loan review provides an overview of this lender. Qualify for R200 repayment monthly! Learn more in our full article!
Keep ReadingYou may also like
Nedbank American Express Gold Credit Card: check out how to apply!
Apply to Nedbank American Express Gold Credit Card and get 50% off services, products, and free airline tickets! Read on and learn more!
Keep Reading
MG Prepaid Card full review: should you get it?
Get rid of the heavy and endless fees charged by banks forever with the MG Prepaid Card, a safe and cheap card to manage your money!
Keep Reading
Apply for the Disability Grant: find out how
Apply for the Disability Grant and get access to a free continuous and indefinite pension of up to R1,990 until you can work again!
Keep Reading