Find the best loan of South Africa

Compare the best loans of South Africa and find the lowest rate

Absa Personal Loans | Calculate and Compare Quotes

No matter what your current needs are, you can satisfy them with an Absa Personal Loan. These loans are unsecured, meaning you do not need collateral. Further along this text, you will find all there is to known about the personal loans offered by this bank. We will be discussing how they work, how to get them, requirements, interest rates, and much more. Stay with us and find out how to solve your needs with a loan by Absa.

How do I get a personal loan from Absa?

Don’t feel bad for not being able to buy all the things you want with your salary. You know what? You are not the only one; we all have been in that point where we need something, and we just can’t afford it without some help. Sometimes you can ask a friend or someone in your family to give you a hand. However, there are occasions where they just can’t help you out. But, hey, that’s what banks are there for, you know?

Getting a personal loan from Absa is easy as long as you meet all qualifying criteria. We will talk about the requirements you need to fulfil a little later. Now, let us just concentrate on how to ask for these loans. Absa was founded in 1991, that is, almost 29 years ago. Along all these years, the company has grown immensely, and they have also done this technologically speaking. So, there are three ways in which you can ask for this loan:

  1. Going to an Absa branch
  2. Making a phone call to Absa
  3. Online

As we’ve said, this company has experienced considerable growth and this has led them to adjust themselves to this technology-driven world. For this reason, Absa has designed online platforms that will allow you to ask for a personal loan from your house, your job, or wherever you are. Convenient, isn’t it?

2 Items to Think of about the Interest Rate on Absa Personal Loan in South Africa

Why would you ask for a personal loan? The reasons for this are varied since personal loans are meant for you to do whatever you want with the money you receive. You can use the money to send your kids to school, to buy something you need, to make a little trip; it is completely your call. However, we tend to get a little discouraged when we start thinking about the interest rate we will have to pay for it.

There is no way out of this; all banks will charge you an interest rate, because after all, banks are institution looking for profit. So, what you need to do is finding one that offers you a convenient one. There are two elements you should consider regarding interest rates in general and at Absa in particular.

  1. Interest rates will be established on the basis of your specific situation. Issues such as how good is your credit score, for instance, will play a big part.
  2. Absa will try to better the offer on interest rate you get from any other bank. So, ask for quotes in different banks and then go to Absa so they can improve the offer.

Why is it Convenient to use Absa Loan Calculator before Asking for a Quote on a Personal Loan?

Find the best loan of South Africa

Leave your comment about Lime24

Tell us your experience.

Please write constructive criticism to help other people choose better. Any inappropriate comments will not be published.
...

Comments about
Lime24

(73 comments / 4.1 stars of 5)

See more

Loan calculators are excellent tools that will help you plan ahead. Use Absa loan calculator to find out how much you would have to pay in repayments every month for a loan. With that information at your disposal you should be able to evaluate if you can easily and safely repay that amount of money. Think about your other expenditures: if you pay rent, if you pay tuition for your kids, food costs, etcetera. If you think you can afford to pay back the loan, then go ahead and ask for a quote.

3 Requirements you must Meet to Request a Personal Loan at Absa

Sure, there are conditions for you to ask for a personal loan at Absa. Fortunately, these qualifying criteria are highly standard and will not be much different from the requirements asked by other institutions.

If you want to ask for a personal loan at Absa you must comply with the following:

  1. Being of legal age
  2. Having a bank account at Absa where you receive your income
  3. Regular earnings of more than R 1,500 for small loans and of R 2,000 for longer term loans

If you are not a client of Absa, you will not be able to ask for the loan. However, if you are really interested in this loan, you can always consider switching your account to Absa. On the other hand, in the event you are already an Absa client, you might have a provisional loan offer. You will be able to check that out on your online banking.

How to Make Enquiries about Absa Personal Loans?

Having enquiries is normal. We’re not able to cover all issues related to this loan and you might have more questions or doubts. If this is so, you can always contact Absa and ask them you want. Also, we invite you to leave us your comments and questions on the form you will find at the bottom of this page.

Now, let’s discuss some issues brought to our attention by our readers:

  • You can ask for a personal loan at Absa if you are self-employed provided that you can prove that you have regular earnings on your bank account.
  • You will have to take on credit insurance. You can either choose the Credit Protection plan offered by Absa or opt for another one offering the same benefits provided by Absa.
  • This loan also includes initiation and service fees.

Can I Top up Absa Personal Loans?

Absa does not provide specifications about top up loans. Usually, if you need more money, what you need to do is pay off the loan and then ask for a new one. If this is your case, you can ask Absa to give you a Settlement quote.

We’ve gone through the most important elements to have in mind if you need to request a personal loan at Absa. We’ve covered how to get it, how to obtain better interest rates, what requirements to meet, and more. We have also invited you to count on us should you have any question or doubt. 

Leave your question

Video Loan

Questions and answers

Can I apply for ABSA loans online?

Yes, you can!

I am 19; can I apply for a loan?

Do payments vary in personal loans?

No, as interests fixed, payments remain stable.

Leave your rating about Absa Personal Loans | Calculate and Compare Quotes

Instant loans are approved in minutes!

Financing periods are flexible.

I repaired my home and financed it in seven years!

Find the best loan of South Africa

© 2008 - 2021 quotesAdvisor.com® All rights reserved.