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ABSA Temporary ATM Loans are great way to manage a cash emergency, short term loans .=. To qualify, you need to provide your South African I.D, proof of residence, your latest payslip and proof of an active bank account. You need to be employed, earning a minimum salary of R1500 per month. This loan also has a roll-over ability, so you can take up another loan if the first loan is completely repaid.
Individuals have 1, 3 or 6 months to repay the loan.
Instant Cash Loans from ABSA
Instant cash loans of up to R3000 are offered, with a repayment term of 35 days.
Personal cash loans are offered from R3000 to R150 000. These loans are repayable within seven years.
ABSA Revolving Loans
The bank also offers Revolving Loans, which are designed for wealthier customers who require instant access to cash monthly. To qualify for this loan, individuals must earn over R8000 per month. The service allows you to borrow up to R15 000 and re-borrow money up to the approved limit once you have paid back 15% of the loan.
Applying is easy. In addition to branch applications and ATM application options, you can apply online. All you need is a secure internet connection, access to a computer and an idea of how to make your way around the bank’s website.
New customers can simply visit www.absa.co.za and click on the “Apply Now” button. Existing customers can simply log on to their internet banking and apply.
To contact Absa Group, call: 0860 100 372.