If you need a loan to cover unexpected costs, African Bank personal loans are a great option. You can get the money you need deposited directly into your bank account, and there are flexible repayment terms to help you manage your budget.

This mainstream lender also offers Value Added Deals to help you save money on your monthly instalments. These deals are offered by leading South African brands and can be attached to your loan during the application process.

Flexible repayment terms

African Bank understands the importance of managing your finances, which is why they offer loans with flexible repayment terms. You can choose to pay the loan back over seven to 72 months, making it easy to plan your budget.

The lender also offers a debt consolidation loan to help you merge all your smaller debts into one monthly payment. This can save you time and money in the long run, while giving you peace of mind.

You can apply for a personal loan online, over the phone or in person at an African Bank branch. You will need to provide proof of income, which includes three salary deposits and proof of residence that is not older than three months.

African Bank also offers credit insurance, which means that you won’t be penalised if you’re unable to make short term loans for bad credit a repayment because of something unforeseeable. This option is a great way to protect your credit score. It can also improve your chances of getting a lower interest rate in the future.

Low-interest rates

A personal loan can be an ideal way to finance a major purchase, like a car or home renovation. These loans come with flexible terms and fixed repayments that help you stay in control of your budget.

African Bank offers a number of loan types, including short-term and long-term personal loans. They also offer a 12% loan which gives you a fixed interest rate and monthly instalments that don’t change over the life of the loan.

These loans are a great option for paying off high-interest debt and saving money in the long run. They also come with a credit insurance feature that allows you to take a break from your repayments should you find yourself in a difficult financial situation.

With the ability to borrow up to R250 000 and repayments over 7 to 72 months, you’re sure to find an African Bank personal loan that suits your needs. You can also enjoy the convenience of an online application and free credit report when you apply.

Free credit report

When you apply for a credit card or loan, your credit report plays an important role in the decision-making process. It shows lenders if you’ve paid your bills on time and whether or not you’re responsible with your debts.

For this reason, you should make it a priority to monitor your credit score regularly. Getting a free credit report from the major credit bureaus is a quick and easy way to do this.

To get your credit reports, you can call or visit the websites of the three nationwide credit reporting companies. You’ll need to provide identification information, such as your name, date of birth, social security number and address.

To be eligible for a personal loan with African Bank, you must show your ID and proof of residence not older than 3 months. You must also have the latest bank statements reflecting your regular income and a good credit history.

Easy application

African Bank personal loans are an ideal way to get the cash you need to cover your expenses. They offer a variety of flexible repayment terms and low-interest rates to suit your needs.

The application process is easy. You can apply online, over the phone or in person at a local African Bank branch.

If you want to consolidate your debt, African Bank offers a consolidation loan that can combine up to five loans into one single loan with lower repayments and a fixed interest rate. It’s a good option for people who have more than one high-interest debt and want to save money.

Self-employed people can also borrow with African Bank thanks to a number of special loans that don’t require them to be formally employed. They can apply for loans with fewer requirements and prove that they have a steady income to make repayments.

African Bank also offers value-added deals on select products. For example, if you add a mobile device or laptop to your loan, you’ll pay less than what it would cost you separately.