African Bank Consolidation Loan – If you have multiple debts you can simplify your debt with one consolidation loan. You can consolidate up to 5 loans into one single consolidation loan.
Consolidation loans from African Bank are available up to R250 000. The repayment terms are flexible from 12 to 72 months. How much is approved will depend on your credit record and affordability.
One benefit of getting a African Bank consolidation loan is that all you have to worry about is a single repayment every month. This prevents you from overlooking certain accounts in situations where you have multiple debts.
Clients get to benefit from lower repayments. You can lock interest on your loans with fixed interest rate and less fees on one loan repayment.
Flexible repayment terms allow you to choose a term that best suits you and meets your budget.
With the Chose Your Break facility offered by African Bank you can take a one month break on your repayment.
Applicants for the consolidation loan can take credit life insurance. This will settle any outstanding amounts on your loan in the event of permanent disability or death.
African Bank is one of the leading banks in South Africa. As a bank their operations are regulated. This gives you peace of mind knowing that they will have fair dealing with you. They believe on transparency and you will not be charged any hidden fees.
Application for a African Bank consolidation loan can be done online. This gives you the convenience of being able to apply from the comfort of your home or office. It also saves you on time usually spent on queues in branches. If you wish to apply at a branch you may also do that.
Requirements To Apply For African Bank Consolidation Loan
- You must be 18 years or older
- A copy of your ID
- Proof of income
- 3 months bank statements
- Proof of residence
African Bank Consolidation Loan Contact Details
For more information you can visit the African Bank website www.africanbank.co.za or call them on 0861 111 011