ABSA Express Loan – The life we live in can be unpredictable at times and because of this we might get emergencies where we need financial aid urgently. This is where the ABSA Express loan comes in handy by giving you access to finances when you need them the most.
ABSA Express Loan gives you access to short term loan from R1 500 up to R8 000. The repayment periods are flexible with repayment periods of 1, 3 or 6 months. The flexible terms means that you can select a term that suits your budget.
This loan is not restricted to emergencies only. You can get it for other financial needs like meeting day to day expenses. You can also get a ABSA Express Loan if you need immediate access to cash to carry you to the next payday.
Benefits of the ABSA express loan include affordable Credit Protection Plan. This plan will settle the outstanding balance on your loan in the case of death, disability or retrenchment.
Easy payments can be made by debit order. Interest is calculated up-front and charged monthly as part of the instalment.
Another benefit is that you will not incur any early settlement penalties for early repayment.
One thing to keep in mind though is that Absa is committed to responsible lending. This means they will only approve a loan if you can afford it.
Requirements To Qualify for ABSA Express Loan
- Valid South African ID book
- Minimum monthly income of R1 500
- Bank account details of where your salary is paid into
- 3 months payslips or bank statements
- Proof of residence
To apply for the ABSA Express Loan visit their website www.absa.co.za and apply online or you can contact them on 0860 100 372 or alternatively you can visit your nearest Branch and their friendly consultants will assist you.