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Are There Offices of Mercantile Bank in Durban? Loans, Addresses and Requirements

Do you live in Durban? Are you trying to survive a rainy day? Do you need to finance business? Here we have found what you need. In this post, you will get data about Mercantile Bank, its loans, financing options, addresses, contact information and more.

                Mercantile is a banking company that opened its doors in 1965 and since then, it has been expanding its frontiers all around the country. Although the headquarters are located in Sandown, this city is not exclusive. In fact, we will specially refer here to the office in the area of Durban.

Where is the Mercantile Bank branch in Durban?

In Durban, there is an office of Mercantile Bank in the Atrium Shopping Center. It is the Shop 25A of the building located at 430 Peter Mokaba Ridge. There are two highly specialized consultants there waiting for you from Monday to Friday from 9 a.m. to 3.30 p.m. and on Saturday from 8.30 a.m. to 11 a.m. These two specialist are also available by phone in the same offices hours dialing up 27 31 209 9048. What is more, you can contact them via e-mail writing to one of the following

                Fortunately, in addition to assistance in person, you can also contact the bank by phone. The exclusive phone number for business loans is +27 86 030 9250and if you have to send any document through fax line, the number is +2786 262 5031. Let me tell you that this company doesn’t have the service of online application available.

                Now you know about how it is possible to count on the financial help of Mercantile, let’s take a look at the different lending options available for Durban’s residents. It is important to highlight that the main focus of Mercantile Bank is business lending. In fact, the company offers tailored products so that you can borrow money in different ways. They are:

-Business overdraft: this a banking facility joint to your bank account that will be useful to manage cash flow. With this program, you will have access to extra funds in case of any unexpected situation. It is important to mention that the overdraft in a revolving facility with Prime-linked interest rate that are calculated on a daily basis. What is more, Mercantile Bank will give clients instant access to money whenever they need it. The company recommends this service to maximize cash flow and even to buy extra working capital. As far as financing is concerned, you will have the possibility of paying only interests until you have the facility on your own, when you will start returning facilities.

-Business term loan: if you are thinking about how financing a key purchase for your business, a business term loan is essential. Under a system of flexible terms and highly competitive interest rates, you can manage budget in the best way. Actually, you now can plan ahead how you are going to spend money with the peace of mind of fixed repayment options over time.

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-Asset finance: when it comes to operational facilities of opportunities to expand business, Mercantile has this special lending product. There is a wide variety of options to pay for exclusive vehicle, to finance equipment purchase and even to acquire fixed assets. This section also boasts competitive rates and flexible financing, even customized based on clients’ needs.

-Asset finance leasing: those who want to save coast or even avoid depreciation can lease durable or movable goods. With this updated system, Mercantile Bank will make the purchase of what you need and you will use the item during and agreed term. In return, you will just pay costs related to rental and keep the good until the agreement expires. Once the agreed period is over, you can eventually buy the product from the bank, sell it on behalf of the bank, or extend the period to keep it. Let me tell you that you can structure payments based on your business needs and attached the loan to flexible interest rates. What is more, you have the possibility of fixing interest rates during a specific period.

-Rental finance: this attractive service is based on an exclusive subsidiary company, Custom Capital, a company that backs up special renting assets. In fact, it just works for equipment used in office automation, security surveillance, telecommunication, medical equipment, construction machinery and computer systems.

                From all the said details, it seems that is Durban, lending is exclusively addressed to business needs. But this is completely wrong. In fact, there are other banking companies that will help you to finance personal needs:

-Woolworth Bank: you can apply for personal loans in an office of Woolworth located at in the area of Essenwood. The exact location is 118 Problem Mkhize Road and it is open from 8 a.m. in the morning to 8 in the afternoon. With this company, you can borrow amounts of money that go from a minimum of R2 000 to a maximum of R75 000. The money can be financed in up to 5 years.

-Wesbank: this is a popular company that has an office in The Glass House Office Park from Durban. It is located at 309 Umhlanga Rocks Drive and representatives are available from Monday to Saturday from 8.30 in the morning to past midday. You can borrow amount of money from R5 000 to R200 000 to pay for whatever personal need that may appear on the road. Interest rates are always lower than 30% and financing periods last up to 6 years.

                All in all, from all the points developed above, we will conclude that those who are in need of financial help to improve business in Durban, they can count on the help of the Mercantile Bank. However, if what you need is directly related to personal unmet needs, you can count on the support of other banking companies, such as Woolworth and Wesbank. Stop wondering how to have a better life quality and enjoying it with the help of real professionals!

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Questions and answers

Is there a way to contact the bank if I am abroad?

Yes, please call +27 11 302 0400.

How can I leave complaints?

Please write to

Is Mercantile Bank open on Sunday?

No, it isn’t.

Leave your rating about Are There Offices of Mercantile Bank in Durban? Loans, Addresses and Requirements

You can use electronic bank services.

I acquired new offices for my business and it was great with the help or Mercantile.

Representatives help me during all the process.

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