Apply for a Absa revolving loan and stay on top of your world. This is a facility which gives you access to funds without having to re-apply. With such a facility you can be guaranteed of getting the credit you need when you need it the most. The Absa revolving loan is an on-going loan facility for an agreed amount. You can get up to R150 000 credit, and once you have paid back 15% of what you owe the same amount is available again. This is really a brilliant facility to have in place and the big plus is that you get funds without having to apply again. How much is approved will depend on your credit record and affordability.
You get to enjoy flexible repayment terms when you apply for the Absa revolving loan. You will get a minimum repayment term of 12 months whilst the maximum repayment term is infinite. Absa promises to give you the best interest rates. They promise to reduce their rate to beat any better interest rates you might get from another lender (terms and conditions apply).
Absa customers may be provisionally approved for the Absa Revolving loan. If you are an existing customer you can check your credit limits by registering or login on Absa online. One other benefit you can take with this facility is a credit protection plan. This will settle any outstanding amount on your loan in the event of death or disability.
Requirements To Apply For An Absa Revolving Loan
- You must be 18 years or older
- A valid South Africa ID document
- A monthly income of R8 000 or more
- Latest 3 payslips or latest 3 months bank statements (if you don’t have an account with Absa)
- Proof of residence
To apply for the Absa revolving loan you can visit their website and apply online by completing the online application form. Alternatively, you can also call them using the details below or visit your nearest Absa branch.
Absa Revolving Loan Contact Details
Website: www.absa.co.za
Tel: 0860 100 372