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
by José Gonçalo
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!
José Gonçalo
Trending Topics
Standard Bank Gold Credit Card review: should you get it?
Standard Bank Gold Credit Card customers have a credit limit of R250,000 and discounts of up to 30% on flights and accommodations. Read on!
Keep ReadingCapitec Credit Card: check out how to apply!
Apply for the Capitec Credit Card which has excellent advantages: rewards, high credit limit, low fees, and much more. Read on to apply!
Keep ReadingApply for the Child Support Grant: find out how
Apply for Child Support Grant and count on continuous financial support to care for your children as you want. Find out how here!
Keep ReadingYou may also like
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 ReadingChild Support Grant: ensuring quality of life for your children
Child Support Grant is how the government finds to help you raise your children for free financially! Learn more about this aid!
Keep ReadingHoopla Loans review: loan for all needs, money in record time
Hoopla Loans is a tool that will help you find good loans even with a bad credit score. Read on and learn more!
Keep Reading