In this article we will focus on the personal loan provided by ABSA.
ABSA provides loans from 3,000 to R 150,000 with repayment periods up to 84 months. They make provision for loans to be repaid earlier or quicker with additional payments and do not charge early settlement penalties.
To apply you would need the following;
1. a fixed monthly income.
2. A South African ID.
3. Confirmation of residential address.
4. A valid 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 and reviews.
Standard Bank loans - click here for review
Capitec Bank loans - click here for review
African Bank loans - click here for review
LCT finance for blacklisted loans - click here for review
Loan Finder SA for 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