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What Loans Are Granted by African Bank? Qualification and Requirements

Aren’t you tired already of all those bills piling up? Don’t you feel exhausted and worried about those debts that you do not know how to pay off? Do you need financial aid but not know how to choose between so many agencies and banks? What you need is certainly clear: you need loans that can meet your needs and give you a peace of mind. The possibilities are endless at African Bank. Located in South Africa, this bank is ready to deliver variety and innovation when it comes to loans. African Bank has been around for quite a few years now and it since the very moment it was set up, the company knew that the key element of their vision were its clients.

Who is behind African Bank?

            African Bank is no common bank. It is fully equipped with a great team of professionals, a board made up of 11 members who have skilled experience and the executives (10 members in total) that are constantly coming up with innovative solutions and ideas. One of the chief executives is Basani Maluleke and one of the members of the board is Frans Truter. The bank was set up many years ago and has worked its way through the industry to stand out. They constantly work in new projects and financial solutions in order to give clients a peace of mind and a sense of relief. Their mission is to enforce an honest communication with its clients and be able to build strong bonds. They believe that being committed is one of the most important features a company should have and that is why they always try to delivered as asked.

What sorts of loans are available at African Bank?

            The loans you can apply for at African Bank are as follows:

  • Consolidation loans: these loans can open the doors to debt consolidation with repayments that are lower

  • Value added deals: you can add a value card or a mobile device to the loan you desire

  • Personal loans: obtain flexible terms and fixed repayments

  • Fifteen percent loan

Are there any other products offered at African Bank?

            Certainly, African Bank offers you the possibility of investment, credit and insurance.

As for investment, you can ask for the following options:

  • Fixed deposits: you can carry out a unique deposit, that could range from three to sixty months

  • Access accumulator: increase your interest

  • Investment free of tax: you do not have to pay taxes and keep on investing for a period of 12 months

  • Notice deposits: with a notice of 32 days, 90 or 7 days you can access your money

As for credit, you can ask for two different options:

  • A gold credit card

  • A silver credit card

The gold card offers more benefits and has more prestige than the silver one. The silver one is an excellent choice for those who are looking forward to making a change in their lifestyle.

            As for insurance, you have two different options:

  • Funeral insurance: this can be used in case of fatal events for you and your family

  • Credit life: this can give you the option of covering the debts stemming from your credit card or you can opt for covering your loan

What do clients need at African Bank to apply for any of the above mentioned loans?

            African Bank will require you to provide:

  • A proof of income that is recent. They would have to consist in three salary deposits

  • Proof of residence. This should not exceed the three months

  • Be over eighteen

  • Latest bank statements

How do some of these loans work at African Bank?



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            You choose a loan that can meet the purpose you need to achieve. A consolidation loan, for instance, works differently from a personal loan. A consolidation loan will give you the power to simplify your debt. How? You can combine different loans (up to five in total) into only one loan. The amount is up to R250 000. The repayment is actually lower, which is a great benefit. These are some of the characteristics:

  • The terms are quite flexible, ranging from 12 to 72 months, which enables you to better your cash flow

  • The process is convenient since it does not require settlement quotes

  • You can even take breaks on repayment

How can you reach African Bank if you have questions?

            You can reach African Bank by email and send in your doubts or comments or you can call African Bank. Another possibility is to visit a branch. Here you can view some details of African Bank:

Requirements

As it was mentioned before, you will have to provide different documents that can prove your salary, income, place of residence, etc.

Telephone

0800 633 633

Email address

africanbank@tip-offs.com

Can you find branches in South Africa of African Bank?

            Yes, there are plenty of African Bank branches all over South Africa. You can search them through a device and find the one you need. The head office is located in Johannesburg. However, there are many other offices in places such as:

  • Caledon

  • Atlantis

  • Bloemfontein

  • Centurion

  • Cape Town

  • King Williams Town

  • Kempton Park

  • Richards Bay

  • Barberton

  • Beacon Bay

In conclusion, it is possible to find a loan at any of the above mentioned branches in South Africa with African Bank. Doing business with African Bank will enable you to expand your financial horizon and start thinking of future projects you couldn’t even imagine yourself doing. As you can see, African bank does not only offer personal loans but is also offers a bunch of additional services that are meant to provide you with financial aid. There are no doubts that one of the main values of this company is transparency and so clients should feel at ease working with a company that actually cares about their interest and goals.

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Questions and Answers

Have a loan with African Bank for 9000. It's about 2months old. Would I qualify for another loan?
If your existing loan has been granted 2 months ago, it’s too little time to apply for more money. If you need extra money so soon, you may not be capable of returning the money and paying for fees and interest. As this is what African Bank needs to make sure before issuing loans, your loan request can be rejected until you complete payments for your current loan.
I have balance of you guys of 2290 so, instead of paying 442 per month can I cancel this 2290 this month? I want to apply for another one for 15000
When you get the approval to receive funds from the bank, the bank sends you a letter of agreement with the information of your loan. Any change you expect to do to those terms must be analysed by African Bank. Bear in mind, if they allow you to make an early payment of the loan, they can charge you some extra fee. After paying that total loan, the bank can tell you to let some time pass to get more money
How can I get a loan?
It’s essential you start by knowing what are your options with African Bank. After deciding, get your documents together so, when you apply, you’ll have everything ready making the whole process to go smoother. Then, you just have to go online to start your application through the bank’s webpage. From that moment, you’ll have one of African Bank’s consultants assisting you on the way.
I am under debt review but urgently need r6000 to fix my car. Do i qualify for a short term loan?
You can obtain R 6000 with no problem as long as you have a good credit record, recent payslips and bank statements and a proof that you currently live in the country. Your salary must be of up to R 2500
Can one apply for another loan if you already have an existing loan?
You can totally apply for a second loan even though you have another loan, as long as you have complied with payments and you have a clear credit record at the moment of starting the application. You should talk to a rep.
I have a business idea and need capital. Do you offer business loans and what do I need to present to you in order to qualify?
No, you won’t get business loans at African Bank. All the same, there are few banks that can assist you on this. They have products thought to start a company but also, to make that company get more and more profit through time. If you need some recommendations, you can go over Nedbank and FNB as, they are entities that have great experience on this field.
For someone earning r6000 how much loan would be given?
As long as you have your payslip showing the company you are able to finance the loan on your own, you can get access to a loan of a maximum of R 150 000 in this company. It is compulsory that you possess a curent payslip.
I'm a small business owner. The business is good and I registered it legal in dec Can I apply for a loan?
As you are a business owner and, clearly, you don’t get monthly pays lips, African Bank can’t issue loans on your name. All the same, there are entities that lends money to self-employed or business owners. The most popular bank with this option available is FNB. Providing you have all the legal documents to demonstrate you make steady profit, this bank can help you.
I am a zimbabwean and have a permit expiring 2021, do I qualify for a loan from African Bank?
When African Bank’s agents take a look at the applicant’s loan petition, they pay attention to any detail to make the final decision. If you ask for a short term loan, they might accept to grant you the money. A short term will make them trust you’ll complete the repayment term before your permit expires.
Do I qualify for loan?
If you have already checked you comply with the requirements stated by African Bank, now you have to apply for the loan to know if you qualify for the quote you want to ask. When you complete the application form and send it to the bank, they process it and inform you about the terms they set for you based on the affordability assessment they’ve done.
Good day, can I apply for a loan using a letter of employment since my company does not have payslips? I drive a two truck
Saddly, I must tell that you presenting pay slips is one of the main requirements African Bank asks their applicants as, those documents serve as proof of the client having financial capacity to repay all the installments of the loan on due date and, without problem. The bank, besides, uses your pay slips to decide how much money lend you
I need a home loan; can African Bank assist me on this?
African Bank loan choices are for personal loans only. Even though they have few options on personal loans, they don’t have a home loan alternative. There are, however, other entities that do specialize on home loans. One of them, and very popular, is SA Home Loans. They focus all their loans products on assisting South Africans to get the house they’ve always wanted. You’ll find information about them on this platform to know if they can help you.
I have a loan with African Bank can get a second loan?
We need to have two points in mind to know if African Bank will be willing to grant you a second loan. First, how much of your existing credit have you paid so far and, second, how’s your present credit score. Only when African Bank studies these two important points, will you know if they can lend you more money.
I earn r3999 per month, how much personal loan i can qualify for?
With almost R 4000 you can qualify for a loan of up to R 50 000. Please remember that your credit record is important, so you must have paid at least 3 installments from previous loans.
Hi, I'm self employed can I apply for a personal loan?
Not with African Bank as they only work with people who are permanently employed and can provide proof of salary from their employers. For self-employed citizens, FNB has some fine loan options as, they know that this kind of workers can also afford getting a loan. Besides, they offer business loans so, if that’s your case, you can study what FNB offers and you will find a solution for sure.
I have 2 loans with African Bank of more than 4000 so, can I get another one maybe for 35000-50000?
Your overall financial situation has to be taken into account to decide if you qualify for a third loan. But, even if your new loan application is approved, I want to advise you to take care of your current loans before asking for another one; so as to avoid financial trouble in the future. Maybe, try to cancel the first loan at least and then, after carefully thinking about it, decide whether to ask for a new loan.
I need a consolidation loan, can african bank help me?
Sure they can! This consolidation loan provided by African Bank allows the client gather even five loans into just 1 instalment. The sum of those loans must not go higher than 250.000 rands as, that’s the maximum quote this entity lends. You can cancel this loan with African Bank in just 1 year or, up to a maximum of 6, according to your affordability.
Hi, I have a loan with African Bank that I didn't finish repaying so, what must I do to qualify again?
If you mean that you’re still repaying the existing loan, you need to contact the bank and submit the same documents as the first time. They will undergo the necessary checks to see if you can afford a second loan. But, if you mean that you stopped repaying the loan, it will be difficult to get African Bank to lend you more money. Make an effort to cancel your current loan and then, try to get the new one if, of course, you need it that much.
My basic salary is r6000, what is the maximum amount that I can qualify for?
Your salary is not the only factor African Bank resorts to in order to set the terms for a loan. Besides that, they need your credit profile and a record of your monthly expenses. Only when they gather this information, will they tell you the quote you have available to request. Just for you to have an idea, African Bank lends up to 250.000 rands.
What can I do if I need money to start a small business in my area?
The option you can have the most advantage of is to work with a bank that knows about how business are carried out. For instance, even though African Bank has few alternative, none of them are business loans. On the contrary, you can look at Nedbank which is a bank that can help you from the start and, has other loan products to keep your company growing.
Can I include more that 8 children for the funeral cover?
Yes. But you have to pay per additional member. According to the member´s age, you pay R15 if your child is younger than 22 years old or R35 is your child is 22 years or older.
Hi, good day. I don’t have paylsip yet. I’ve got one month working. Can I use my letter of appointment or my contract to apply for a loan?
Good day! Unfortunately, African Bank has established requirements to grant loans to those SA citizens that are capable of affording the cost of the service. To accomplish this, you should wait for until you spend at least 3 months working before applying for the loan because you need your last 3 payslips and 3 bank statements that reflect your income for that period of time
How much can be my monthly instalment if the term is 72 months?
The monthly payment is settled after discussing the sum of money you want to borrow from African Bank. They can lend R 250.000 or less if your credit score allows it. Once you have the quote and the term, 72 months if you want, the bank will inform you what’s the interest rate you need to pay for the credit. Also, there are some fees, like the originator or the administrator fee, which must to be added to the installment to have the total to pay per month.
I have a small business that just got into business. I have now secured a purchase order from a municipality but I don’t have the funds to purchase the goods required. How can you help me?
At African Bank, you can get Personal or Consolidation loans. So, you may find the solution here depending on how much money you need for your business. If the quote that African Bank offers for their Personal Loans is enough, you can request one on your behalf. Another possibility is to work with Nedbank or FNB, which are banks that grant business loans.
Hi, my husband would love to apply for a consolidation loan of r50000. He earns r5685.52. Is that allowed?
If your husband has a permanent job and use a bank account to receive his salary, he can apply with African Bank. Obviously, he must also comply with the rest of the requirements. If his request is approved, he’ll lower the sum of money he’d have to pay each month for all the liabilities and, the new loan will be at a fixed interest rate, which is a really great benefit to get control over your expenses.
I would like to take a loan with you, but I already have an existing loan. As my credit score was low, I didn’t get the amount I wanted, is it possible to get another loan?
If when you applied for the first loan, your credit score was a little low, the result for your new loan won’t change if that credit score maintains the same. As long as you’ve taken measures to improve your credit profile, you will have a second chance to get the amount you want. However, that’s not something you can accomplish fast. So, it will depend on how much time you’ve paying the existing loan and, if those payments were on due date to make your financial status get to a better level.
Hi, which document do you need if I want to apply for a loan, because i don't have a pay slip as, I'm a domestic worker?
The documents you need to gather, apart from a proof of your earnings, are your ID issued by the SA Government and a proof of address. Your ID should prove you’re a South African citizen older than 18 years and, the proof of address must prove you live in South Africa. If you don’t get payslips, you may find it difficult to get a loan approved.
Will you grant a first bond for r450.000, over a property valued at r1,3m, repayable over 7 years, to a person aged 68 years?
The only condition clarified as regards age is that the applicants have to be at least 18 years old. Still, companies may reject the loan to elderly applicants, especially long term loans. So, maybe you don’t qualify for a 7 years loan term but, you can get a shorter term with African Bank or, look for a payday loan entity, depending on what you need.
How can I apply a personal Prime Loan?
You can apply online 24 hours a day, 7 days a week .
I have a loan with African Bank and I just want to find out if I can get another loan as I want to make a deposit on a house
African Bank’s applicants are not allowed to have 2 loans at the same time as, the company needs the loan to be entirely paid off to go on asking for more money. Beside the point I’ve just told you, this bank does not provide South Africans with home loans. Here, you can only get Personal Loans. Either way, if you need to make a deposit on a house, African Bank’s loans may be helpful to achieve it.
How long does African Bank take to process a loan and how do I know if I’m approved? Please also note that I have submitted all the necessary documentation that was required and I signed the contract.
The first stage of the loan application can take few hours as, it involves verifying your identity. The second stage may take more time as, African Bank has to go over your pay lips and bank account statements to, finally, make the affordability check to have the answer. If the request is set and, you sign the contract, the bank will make a transfer to deposit the money in the bank account in just a couple of business days.
And if I'm a weekly payer, do I still qualify for a loan with the amount of 2100 wage?
If you get those weekly payments due to a permanent job and, if you’ve been working for 3 months or more, you can talk to the bank’s consultants and, they may let you apply. Other aspect to consider is that the salary has to be deposited into a bank account on your name. That way, your bank statements will also be a valid proof of the stability of your income.
I earn 3287 after deductions, do I qualify for a 30000?
Before getting a loan request confirmation, the bank has to make an affordability assessment to lend the money. Besides your income, it’s necessary to also study your monthly expenses and your payment behavior on previous loans. And, once they know you qualify for a loan, African Bank will agree on rates and a term based on your financial status.
I am self employed for the last 30 years looking for a med term loan is this possible?
Of course it is but, not with African Bank. If you pay attention to First National Bank, you will get different solutions depending on your needs. For self employers applicant, it’s an important requirement to present six bank statements, instead of three. This detail is also for applicants that don’t bank with FNB as, the entity will make an affordability assessment with that information before confirming you the loan approval.
I have missed placed my id book, would I be able to apply for a loan with a driver's license?
If you have a valid documentation that certifies you’ve lost your ID, they may receive your driver license as long as, of course, you can submit the rest of the documents African Bank asks for which serve to prove your income, age and address. Later on, the bank will inform you about the terms for your loan in case the request is approved.
Can I apply for another loan while I have an existing loan?
loan will influence the final decision for a second loan. if those payments, for instance, have been paid on time, African Bank will see you’re a responsible client. Besides, it’ll also affect the final decision the number of instalments you’ve canceled so far.
I am earning r4500 per month and I want to know how much loan do i qualify for? Thanks
With a payslip of R4500 you are able to qualify for a loan of up to R 20 000. You will be paying in 3 years installments of R 590 with a rate of 4%
Am working on a permanent contract going for 2 years now. I need a r20 000 loan, is it possible to apply? How much will I pay per month for 24months?
Of course it is! Simply because you can submit pays lips for African Bank to corroborate your earnings and, assuming you have bank statement and your South African Identity Document to present to the company. For the terms you’ve detailed, the estimated cost is R916 per month. However, remember it will depend on the interest rate the bank decides to charge you.
Taking a 10,000 loan, how much will I pay each month?
On each monthly installment the client must pay for a part of the capital borrowed, operating fees and, the interest rate charged by the bank. As all that amount is divided by the term of your loan, it’s essential to know that term to calculate what you must to pay. For example, R10.000 over 2 years, you may have an approximated installment of R 458 each.
How much should I pay monthly for a r150000 loan in 60 months?
As your monthly payments depend on the interest the bank states for your loan, I want to show you two possibilities so you can easily have an idea of the cost of the loan. For example, if you get a 15.5% rate, the monthly payment may be around R2405. If the rate is higher, 23% for example, the monthly cost may be around R2819
If you have not pay slip but u have bank statement, can you qualify to get cash?
You must present both documents, pays lips and bank statements, for this bank to go over your application. This means that if you can’t submit a proof of income, African Bank will probably reject your loan request even though you have bank statements to certify you get a monthly salary. This happens because the bank needs to know for sure that the money that your bank statements shows is your salary.
I have a loan with african bank and i was under admin now my loan ia paid up and i would like to apply for another loan is that possible to get another loan?
Hi! You can get a top up loan or even increase the amount of the loan you obtained. The main requisite for this to be possible is that you have complied with the several payments corresponding to the loan chosen
Do I qualify for a personal loan to cancel 3 other loans I have?
If you’re a South African citizen with a permanent job and you can present your documents to African Bank, you’re one step closer to your consolidation loan. Then, as regards your liabilities, this company can consolidate a maximum of 5 loans as long as the total amount is 250.000 rands or less.
Which plan can I apply for if I want to save my money in the bank?
You can apply for “My life needs and events”. It offers you proper conditions to make your money grow.
I earn r9000 pm month with one loan at african bank. Am i able to get a second of r40 000.00?
Yes, your salary is more than enough for a loan and as long as you have paid half of the other loan you can obtain R 40 000 by repaying for it in 2 years whose installments are r 1737 a month
Good day i was wondering if i could get an advance on the loan i just took out from african bank
Hello, you will have to wait until next month to obtain higher amounts of money or you can apply for a higher loan and receive the money you need right away. Moreover, in order to apply for another loan you must have a good credit recor with the previous two.
After how many months of employment a person qualify for granted loan?
In African Bank you must have beem employed for at least 6 months in order to qualify for a loan of the company.
I want to take a break on my loan for the month of may, so how can I activate it online?
It’s important to clarify, first of all, you must have a loan that qualifies for this alternative and, that can only be decided by African Bank. Now, to answer your question, you should get in contact with African Bank’s consultants to get your Break. This means, you can’t do it over your computer. The good part is that you still have time to reach them over the phone or in person and, find out if you can get your break in May.
I need a loan to go back to school so that I can fulfill my dreams. I will make sure that I pass and I am going to work so that I can repay the loan
African Bank is serious when it comes to granting their loans. That’s why they’ve settle certain requirements. One of them is to have a stable job and to prove it with payslips. For applicants wanting to pay for their education, the best option is to work with banks that provide student loans as, these loans are perfectly thought to meet any student’s needs. Unfortunately, this bank can’t help you in this.
How to apply for a break on my loan repayment?
All you have to do is to get in contact with the bank to let them know you want to make use of this benefit. But, keep in mind, this alternative is only for African Bank’s existing customers that have loans that qualify as regards the bank’s criteria. So, it may be a good idea to find out first, if you are allowed to take a break on your payments.
If i have a business account how can i get a loan?
In order to obtain a loan with African Bank it is not neccesary to open another account, but your business account can help you to start the application for any sort of loan
I am 19 year's old but i don't work ,i want to reach my goals but i have a financial problem please help with student loan
Dont worry, Standard Bank has created Student Loans for those clients that are trying to finance their education in the long term and can not make it on their own. This bank offer you the chance o applying for a loan by choosing a surety or a relative that can serve as the warranty of the loan.
What happens if you lost your latest payslip?
What you can do when losing your pay slip is to use home banking in the website of your bank or go to an ATM with your card and obtain it again
I'm having a account with lewis my records it's good no errors can u please help me with loan of amount r6000
If you have a good credit record and a salary of at leastR 2500 you can apply for R 6000 since the maximum is that of r 150 000. You can complete the application online in African Bank´s website or phone the company
Good day i once got a loan of 10000 from you guys and would want to find out if i can get a loan of up to 75000 . I am a foreign national with a work permit expiring in 2020
Hello, in order to be found eligible by the company for another loan,you must have already cancelled the other loan. Once that is done, you have access to loans of up to R 150 000.
If i want to remove my name from credit bureau can african bank assist me with a loan to do that?
Hi! African Bank gives customers the opportunity to apply for Consolidation Loans, which are loans that as you said will help you improve your credit bureau, as long as you comply with all the installments fixed by the company. It also depends on the amount you are owing to another company.
I still cant understand why u have to go to a local branch when u have applied for a loan online i would like to know why ?
Hi, the reason perhaps you must go to a branch is that you must submit the financial documentation such as statements an paylips in person. Moreover, your signature is essential. However, you can ask reps to scan the documentation.
Can i be able to borrow R 30.000 while iam earning R 5.500 after deductions?
With a salary of R 5500 you can have access to a loan of R 30 000 at African Bank. You can choose to pay it in about 6 years whose installments will be of R 469.36, if the interest rates if of 4%.
I missed three weeks so, can I get another loan?
If you mean to ask money to pay for penalty fees, it’s unlikely the bank approves it. Moreover, it’s not advisable to do so as, you can easily get trouble repaying all the installments. You must get in contact with African Bank to inform them about the situation and, try to get a solution that works for both parties.
I need 8000 to pay for 2years, what’s the monthly payment?
We can calculate an approximately monthly payment of R366 for the loan terms you ask for. Keep in mind that, if you can cancel the loan sooner, you’ll save on interest rate. For example, if you can pay it in just one year, you’ll pay R701 per month. So, while the total cost for a 2 years’ term would be around R8784, in a one-year term, it would be around R8412. Clearly, you save money with a shorter repayment term.
Hi, I need a personal loan amounting to r30000.00. The only problem is I am a small scale farmer and I do not have a pay slip. My question to you is can I apply for a loan given the information above?
The answer from African Bank, saddly, would be no. They won’t accept your loan application if you cannot submit pay slips as, this is one of their main requirement. But, don’t worry as you may get financial support from another bank like FNB, for example. This bank will request you to present the last 6 bank statements from your account if you’re self-employed and you don’t bank with them. this way, you have a chance to get a loan.
Hey, I need a loan of 30000 to pay for my loans. Do you do consolidation loans?
African Bank has consolidation loans available for their clients. You can take advantage of this service by paying less on interest rates and fees. Instead of paying for separate rates, you’ll only have to pay for one bigger loan. this will be useful for you to avoid getting under administration, for example.
How much do I have to earn to qualify for a loan of 150000?
There’s not a minimal salary asked from African Bank to qualify. They will make a decision only after having several points in mind about you and, the information you submit. For instance, the term you choose to repay the money together with your credit score will be key to decide the interest rate your loan may get, which won’t be higher than 27.50%. Regarding all your information, African Bank may decide you qualify for a lower or higher amount than the one you asked for.
Hi, can I apply 4 a loan if I’m selfemployed?
The bank this article relates to, African Bank, does not work with self-employed South Africans, unfortunately. The only way to get a loan with them is by presenting pay slips issued by a company or employer to prove you have a regular job. There are, either way, other companies that do work with you type of workers. FNB is one of them as, they accept to grant loans to business owner and self-employed workers.
How does taking a break from payment work?
The moment an applicant takes a loan, he or she must with no exception comply with what the contract says. This means, every installment must be canceled within the due date to avoid having to pay for penalty fees. As banks know there can be an unforeseen event that makes it difficult for the client to make one of the payments, some of them permit to take a break at any moment. Keep in mind; however, you can only take it once and, you have to let the bank know beforehand.
I would like to apply for a loan online but l am failing to send the online application form
First of all, make sure the requirements African Banks asks are met. This means, you ought to have proper documentation to verify it. Then, make sure to enter correct and true information about you. If the problem goes on, you can ask African Bank to call you back to find out what’s the problem. If you prefer to, you can give them a call or email them directly about your loan application.
Can I get a loan if I'm self employed?
Not with African Bank, I’m afraid. For those SA citizens working on their own, there are other options to get economic support. A fine alternative for you is to pay attention to First National Bank. This company is willing to accept self-employed citizens as long as they can check sufficient and regular income to pay for the money they borrow.
Can I get a loan of 500 and pay it in a month on payday?
Payday loans are not issued by African Bank. You will only find personal loans here with higher quotes and longer terms. You might find assistance at Letsatsi Finance or Wonga. Both companies offer short term loans that can be cancelled in 30 days or less. If you need to, you can read some articles about them to get useful information before deciding.
I need a loan but using a work permit, how can l get help?
I’m afraid African Bank can’t help you unless you meet all the requirements they ask for. If, besides your work permit, you can upload few pays lips from the past months, banks statements and a document proving you’re currently living in South Africa, you will be giving the possibility of applying for a loan.
I have a personal loan at African Bank, i want to settle my account bt i do not have enough money I just wanna know if it's possible to get a discount maybe 30% discount
There’s unusual banks grant discounts on their loan products. If you’re having trouble paying your installments, you can inform African Bank about it and attempt to reach a new agreement to cancel the loan. They will make their best to give you a new repayment term but, remember, they will request you to pay your debt completely.
Dear sir/madam, I’m requesting a loan of r15 000 for the business that i'm currently running. Can my application be accepted?
Good day! As the bank this article refers to doesn’t offer loans aimed to sustain a business, we advise you to apply with another entity. You have few options for business loans. For example, one of the most complete business loans plan can be found at Nedbank. This company can be at your side from the moment you start your business and through the whole process of making your company successful.

Leave your rating about What Loans Are Granted by African Bank? Qualification and Requirements

(3,50) / 10 Ratings

Rating: 3
Comment: Online applications are a good option for people that work all day and do not have time to visit the bank in person.
Rating: 4
Comment: Good explanation from the staff and convenient way for taking out a loan.
Rating: 4
Comment: Really appreciate the service and friendliness.
Rating: 5
Comment: Good service
Rating: 5
Comment: Love the explanation and the fact that i can submit and fill in the form online, further more the fact that you accommodate qualifying foreigners
Rating: 5
Comment: Very helpfull
Rating: 1
Comment: I made a online applications it approved i went to my nearest branch they told me i don't qualify why?

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