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Can I Apply For African Bank Loan in Bloemfontein? Interest rates and Calculations

Do you have priorities to improve life? Can any of them be financed with a financing company? African Bank can be a convenient option to do that. South African people, especially those who live in Bloemfontein, can take advantage of an outstanding bank that has been providing financial aid for more than 40 years. In this article, we will talk about loan, interest rates, calculation and contact information about African Bank. Stop delving into a wide range of article and put your eyes in the following details.

                If you are in search of financial support, it is time to read carefully about loans so as to try to see which is the most convenient for you. There follows a list of them with their characteristics and financing options.


                Basic needs are the first to be covered. You may want to buy a new car, to invest in your own home or just to pay for deserved family vacations. In order to satisfy such necessities, African Bank offers personal loans to Bloemfontein’s residents so as to facilitate money. The amounts of money available go from a minimum of R500 to a maximum of R200000. It is important to highlight that African Bank loans are subject to fixed interest rates, which guarantees stable payment during the whole financing period. Such interests range from a minimum of 10,5% to a maximum of 28%, based on your credit history. As far as financing periods are concerned, there are terms as short as 3 months, and as long as 72 months.


                There are cases in which clients have already asked money to other companies and due t hard financing, it is difficult to pay them off. African Bank offers consolidation loans that will help customers to overcome whatever financial crisis. With these special programs loans are combined into one debt and payments are more affordable. Interest will be based on the amount of money you own and the length of the term. You have the possibility to choose among financing periods that go from 18 to 72 months.


                And last but not least, there is a special financing program that has benefits one you have covered the 15% of it. In this case, you can ask for amounts of money that range from a minimum of R5000 to a maximum of R50000. If you can cancel the % of the whole loan, you will be benefited with fixed interest rates regardless of economic changes in the country. The length of the financing periods goes from six months to three years. In case you have more than one loan with African Bank, you can have these benefits simultaneously.

                How interest rates work in real life?

                Sometimes it is difficult to have an idea of figures when it comes to lending. We will try to solve this problem by showing example of loans financing affected be actual interest rates. Imagine you are thinking about to improve your kitchen. You will need money to financing building material and furniture. Therefore, we will analyze financing of a loan of R20000.

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                R20000 can be paid off in just one year. But first of all, you have to take into account that closing cost of R1 197 may apply and some minimum monthly fee of R69. If you have a good credit history, you can be eligible for the minimum interest rate that is 10,5%. As a result, you will pay off the loan in 12 payments of no more than R2050. Bear in mind that the total amount of money will be of approximately R 24 588.60.

                Details about lending programs are ready. Let’s take a look know at the different choices to apply for the loans or just to know more about them:

-Bloemfontein Central: if you reside in the CBD, you can visit an office in person. There is an office located at 114 Charlotte Maxeke St. It doors are open from Monday to Friday from 8.30a.m. to 5p.m. and on Saturday from 9a.m. to 1p.m. On Sunday, the branch is closed. During this hours, you can also call 51 430 3787.

-Central Park: you can also talk to representatives in person in the in the Central Park. The shop is 130A and it is located on Hanger Street. Office hours depend on the shopping time table. This office can be contacted dialing up 51 430 3157.

-Twin City: in this neighborhood there is a branch in the Heidedal Shopping Centre. The exact address is 33 Heatherdale Str. In this case, it is possible to talk to lending professional every day. From Monday to Friday, the branch is open from 8a.m. to 5p.m., on Saturday from 8a.m. to 1p.m. and on Sunday 9a.m. to 2p.m.

-By phone: there are two main phone lines destined to current and prospective client attention. One of them is 011 256 9073and it is available to answer general questions about the programs. And the other is 0860 333 004 that is exclusively open to apply for loans. Both lines are open seven days of the week, 24 hours.

-Via internet: if you don’t need personalized information, there is a complete web site that gives you access to information and application. You can read further details about the loans and you can also choose one to start application by clicking on “Online Application”. What is more, there is an e-mail address to write that is A member of stuff will contact you as soon as possible.

                To conclude, African Bank is a company that gives services related to money needs. No matter if you want to buy a car, to affront education expenses or to purchase a property; there is always a loan that will work at your advantage. Contact any representative, make an affordable financing program and start enjoying life as soon as possible while financing problems are solved by professionals.

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Questions and answers

Which is the shortest financing period?

The shortest financing period is 3 months.

Are fixed rates convenient?

If you want stable payments, fixed rate are great.

Is there a specific program to buy a car?

No, you can apply for a personal loan.

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Loan service is available 24/7.

There are many offices in the area to visit.

Apply by phone so as not to go away from home.

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