Loans | Consolidation Loans
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Consolidation Loans make managing your money a little easier when your goal is to regain financial stability. Our Consolidation Loans are especially helpful if you want to simplify your credit by settling other debt and turning several loan payments into one cost-effective payment
Here’s why a Debt Consolidation Loan could be right for you:
Consolidate your debt
It enables you to consolidate your debt with repayment terms from 18 to 72 months.
Simplify your management
It simplifies your management of multiple lenders and multiple loans.
Consolidation of administration
It often results in savings, due to the consolidation of administration fees.
A reduced instalment frees up cash flow.
Access additional capital
A reduced instalment may also result in you being able to access additional capital.
No settlement quote
No settlement quotes are required and you can consolidate up to five accounts from a wide
range of credit providers.
Applying for your Consolidation Loan is quick and easy. In just a few simple steps you could be on your way to personal financial freedom. To ensure that your application is even quicker, make sure you have the following documents available:
Latest bank statement reflecting 3 salary deposits.
Take up a loan and get something-nyana. Apply today!
Rest assured that your credit is insured should anything happen to you that would prevent you from making repayments.
Do you need more information to make taking out a loan an even simpler decision?
Click on any of the informative African Bank Credit and Personal Loan brochures below to download.
Payment options range from 3 to 72 months. Min interest rate (APR) from 10,5% to Max interest rate (APR) of 28,0%.
Min insurance rate from 5,0% to Max insurance rate of 14,0%. Insurance flat fee of R12.
*Representative example: Credit of R20 000 borrowed for 12 months. Once-off Initiation fee: R1 197.Monthly admin fee R68,40. Representative APR 10,5%. Representative Insurance Rate of 10%. Insurance Flat Fee R12.
Monthly instalment amount payable: R2 049,05. Total amount payable: R 24 588.60
Category: Bank loan