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What Banks Can I Apply for if I Live in Port Elizabeth? Address, Requirements and Application.

         If you live in Port Elizabeth and you are trying to find a bank to work with, this article is for you. We’ll go over two of the most reliable entities in South Africa for you to come to an informed decision about your loan. We’ll discuss application, requirements you need to follow and we’ll provide you with branch’s addresses for you to get in contact with them.

        Loans are popular these days as they help South African accomplish their dreams. Whether you want to travel to be in contact with other cultures, buy your own house or get the car you want so bad, you can get it through a loan. As you can see there is a variety of loans to choose from depending on your need, and the same happens with entities. Let’s focus on African Bank first.

    You can apply for a personal loans for general situation, consolidation loans if you need to organize all your debts into one and, they even offer 15% loans, which provides you with the stability you need every month.

African Bank Application

        In order to apply for a loan with this company you should contact them by phone, through internet or in person at any of their branches. Once you start the process they will ask you some personal questions and information about your current employment situation. They will also require you to present them some detailed documentation and they will check your information on the Credit Bureau and the National Loans Register to prove the information you submitted is real. After collecting all your data -including income and expenditure – they combine everything to calculate if your financial situation is up to the loan. We recommend you to check your situation beforehand to keep away of unpleasant circumstances. 

        After approving your loan they will finish up the terms and you’ll be able of accessing the cash through your account. The only step left is to complete the monthly installment until you cancel your debt. Bear in mind that repayment terms and quotes vary according to the loan you apply for. For personal loans for example, the quote is between R 2,000 and R 200,000 and you can repay it between 9 and 12 months. For consolidation loans the quote is the same but the repayment term has a minimal of 18 months and a maximum of 72. And last, the 15% loan’s quote can go up to R 50,000 and it can be repaid from 6 to 18 months.

African Bank requirements

        You only need 4 things to apply for a loan. You should present your I.D., a proof of residence, your pay list and your bank statements as evidence of your last salary.

What are the benefits of the loans?

- stability and fixed rate in the case of a 15% Loan.

- you can choose between flexible or a fixed repayment term for your loan.

- wide range of quotations.

- convenient repayment terms.

- three types of loans to feet perfectly your needs.

- Sales contact center for any query you may have.

- online service 24 hours a day.

- easy and fast repayment using only your bank account.

- simple and quick application process.

        But, if you are interested in owning a house Better Bond Home Loans is what you need. They can help you get the house of your dream by following simple steps. First, you need to get pre-approved, but don’t’ worry because we’ll guide you through the process from start to end. When you apply for a home loan you are asked to upload some documents and to be also under credit checks and financial assessments. Even though this seems a little complicated it will simplify the rest of the process as the pre-approved certificate will gain some credibility for you within the potential sellers. Once the certificate has been issued, you can search your house for a maximum of time of three months. The search will be fast and easy as you will know form the start how much money can you spend, having the opportunity to focus directly on your budget.

        Next, when you find your ideal home you need to get in contact with assistants from Better Bond and they will help you complete your offer to purchase and your home application form for you to send them to Better Bond. In this way, Better Bond will negotiate with the banks they work with trying to find you the best deal. This will have no extra cost for you, as it’s include in the service they provide.

        Last, once you have your deal ready you just have to start paying the monthly installments until you cancel the loan.

Are they safe?

        Yes! You can trust Better Bond will do the best they can to reach the lowest interest rate possible. Clients assure they’ve had no problem working with the bank and that they were really pleased with the many options they could choose form. If you are lucky enough, you may even get a rate as low as 0,5%!

Next, we’ll show you the most important Better Bond Loans information for you to have at hand:


To be pre-approved

Interest Rate

Competitive Rate

Repayment terms

As high as 30 months

Opening Hours

9 a.m. to 6 p.m.


Regency House 35a, Third Avenue


It depends on the client’s need.

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Address information

    For African Bank in Port Elizabeth you can direct to 14 Shopping Center at 444 Govan Mbeiki Avenue. And to visit Better Bond in the same town you can go to Regency House 35a, Third Avenue

        As we promised you at the beginning we’ve had provided you the right information for you to be the judge. Here you have two of the most popular banks in Port Elizabeth, their requirements, addresses and application procedures, so now it’s up to you to decide which one fits your needs best.

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