Loans
African Bank Personal Loan: find out how to apply!
You don't have to leave your house or face queues to get the best loan deals. Enjoy fast funding and application with African Bank! Keep reading to learn!
Advertisement
African Bank Personal Loan: apply for a loan of up to R350,000 in minutes
Apply for the African Bank Personal Loan and, in minutes, have up to R350,000 in your account with up to 6 years of repayment!
Learn how to count on the loan services of one of the largest banks in the country. So keep reading to learn more!
Online application
Before applying for the African Bank Personal Loan, you must have some documents. These will be needed during the application. Below is a list of these:
- Identification documents valid in the country;
- Most recent proof of income, for example, last paycheck;
- Bank statements for the last 3 months, reflecting 3 salary deposits.
With this list of documents in hand, go to the official African Bank Personal Loan website. Then press the “Apply Now” button.
Firstly, fill out a short identification form with your name, phone number, and email. Then enter your income details. You will have access to a loan offer.
If you agree with the conditions, complete your request. If necessary, the bank will enter the account to request other documents.
You will be redirected to another website
Apply on the app
To apply for the African Bank Personal Loan, download the free “African Bank” app on your smartphone.
Further, on the app’s home screen, select the “apply” button. In the next menu, select the “Loan” option.
Once you know more about the loan options this bank offers, press the “Apply” button at the bottom of the screen. Then fill in all the information and select “Call me back.”
An authorized bank agent will contact you as soon as possible to complete the application form.
This process takes a few minutes, and you will receive an instant response after completing it.
Compare the African Bank Personal Loan to other options: Nedbank Personal Loan
African Bank and Nedbank compete to offer the best personal loan service in the country.
Despite being very similar, each of these loans has outstanding characteristics. In the table below, you can have a buy-out between these. So read on!
African Bank Personal Loan | Nedbank Personal Loan | |
Interest Rate | From 15% to 24.50%. Insurance rate from 5.04% to 5.4%; | 10.75% to 28.25%; |
Loan Purpose | Student loans, construction or renovation of the property, and many others; | Debt consolidation (with extra cash optional), purchases of second-hand cars, and improvements in your home; |
Loan Amounts | From R2.000 to R350.000; | From R2,000 to R300,000; |
Repayment Term | From 7 to 72 months (6 years); | From 6 to 72 months (6 years); |
Initiation Fee | Charged (amount not specified). | From R304.75 to R1,207.50 (variable according to loan amount). |
Does Nedbank personal loan seem like the best option for you? To be sure, visit the following post and learn more about this service!
Nedbank Personal Loan: find out how to apply!
Apply to Nedbank Personal Loan and get access to up to R300,000 and receive a cashback R200 cashback per month! Keep reading to learn how!
Trending Topics
NedBank Gold Credit Card: check out how to apply!
Apply for the NedBank Gold Credit Card and earn rewards for every liter of gasoline you use in your car. Learn more about this card!
Keep ReadingTymeBank Credit Card full review: should you get it?
TymeBank Credit Card is your chance to get a cheap card with a rewards program and many other benefits. Learn more about the product here1
Keep ReadingApply for the Foster Child Grant: find out how
Apply for Foster Child Grant and increase your monthly income by R1,070. Find out how to tell your children about this government help!
Keep ReadingYou may also like
South African Airways: cheap flights and offers
Learn the best resources and tips for finding cheap South African Airways flights online without ever leaving home. Learn more!
Keep ReadingHow to reverse an FNB eWallet payment in 3 steps
You can get your money back after a wrong transfer or scam. See this post and learn how to reverse transfers on FNB ewallet!
Keep ReadingHow to Claim Your UIF Payments? Easy Steps! [2023]
Stop leaving money on the table - learn how to efficiently claim UIF payments and secure the financial support you deserve.
Keep Reading