In this article we will focus on the ABSA revolving credit loan for amount from R 15,000.
The provides an open facility to use and repay as you need and receive funds.
The nice thing about this facility is that the moment you repaid up to 15% of the loan value, you can have immediate access to the funds up to the approved amount.
You need to be an ABSA client and earn a fixed monthly income of more than R 8,000.
You may repay this loan quicker than the fixed repayment contract from the bank, which will decrease your capital portion of the approved loan amount.
We suggest that you do your best to repay the loan as quick as possible and even before the repayment contract.
To apply you would need the following;
1. a fixed monthly income.
2. A South African ID.
3. Confirmation of residential address.
4. An ABSA bank account for the loan to be paid into.
We suggest that you do not lend money to purchase luxury items, and only to use a loan for real emergency expenses.
We would suggest some of these pages for more short term loan options.
Standard Bank personal loans - click here for review
Capitec Bank personal loans - click here for review
African Bank personal loans - click here for review
LCT finance for blacklisted loans - click here for review
Loan Finder SA for personal loans up to R 150,000 - click here for review
Boodle short term loans - click here for review
Wonga payday loans - click here for review