African Bank

When you are looking for a credit specialist that you can trust, you should turn to African Bank – the current leader in the provision of personal unsecured credit facilities in South Africa.

We help achieve your goals.

Our expertise allows us to understand your financial needs fully and to help you achieve your goals. Through our affordable and convenient online loans, you will enjoy the better lifestyle that you have dreamed of.

By working with us, you will get personal attention, high chances of instant loan approval, quick cash transfer, some of the best interest rates in the country and personalised repayment schedule.

We encourage responsible credit management through special rewards.

Work with a reliable credit institutions for obtaining the credit solution which you require.

Loan amounts between R1,000 & R10,000.

African Bank is a leader in the provision of short term personal loans. You can select from loan amounts between R1,000 and R10,000 and decide on any term between 3 and 12 months.

When you apply for a loan, you can expect an immediate response from us.

We will provide an adequate solution quickly so that you can resolve your financial emergency which you are in or pay for something important like a big purchase or a family holiday.

If you need a larger loan with a longer term, this can be arranged quickly as well.

  • Personal Finance
  • Debt Financing
  • Debt Clearance
  • Short-term Loans
  • Debt Consolidation
  • Loans for Bad Credit
ncr registered logo

✓African Bank is a registered credit provider with South Africa’s National Credit Regulator: NCRCP5

When you have mounting debt and you struggle to pay all monthly instalments, you should look for a timely and effective solution. This African Bank online debt consolidation loans review intends to evaluate these particular solutions.

Find out whether they can help you

out given your particular situation.

African Bank is one of the most reliable financial companies in South Africa.

It has impeccable reputation for its transparent lending policies and its high-quality credit products. You will receive professional service based on expertise and care for the individual customer. You can trust the bank completely.

The debt consolidation loans of African Bank are designed to in line with the needs and requirements of the client. You can expect a high level of flexibility when it comes to the loan amount and the repayment options.

You can borrow up to R180,000 without placing collateral. This is a sufficient amount of money even for those who are in serious debt.

The maximum repayment term is 5 years.

It is not among the longest which you will find so you can expect larger monthly instalments. Still, they will help you save on interest. You must check the instalment size precisely to ensure that you will be able to afford the payment.

The interest rate is based on the prime interest rate set by the South African Reserve Bank. This rate is currently 8.5%. This means that you will pay higher interest rate for sure. You can expect it to be higher than the rate which is charged on secured online debt consolidation loans.

The actual rate is based on your creditworthiness.

Once the lender presents the APR to you, you have to compare it to the average rate which you pay at present. If the APR is lower, then the consolidation will be worthwhile.

You can apply for a loan online as well as in one of the branches of the bank. You can expect a pretty quick reply, but you will have to arrange various details with the lender before you can receive the loan amount. It is important to note that you can use it only for the repayment of existing debt.

Overall, this review finds the African Bank online debt consolidation loans to be quite helpful and fairly easy to obtain.

Category: Bank loan

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