Absa Consolidation Loans – loan application
Screenshot of https://www.absa.co.za, operated by: Absa Bank Ltd., used under legitimate licence.
Contact
Company
Absa Bank Ltd.
Address
Absa Towers West, ABSA Towers West, 15 Troye St, Marshalltown, Johannesburg, 2001
Website
https://www.absa.co.za
Absa Consolidation Loans – repayment table
Estimated monthly repayments at 15.00% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 12 months | 18 months | 24 months |
|---|---|---|---|
| R100,000 | R23,333 | R20,556 | R19,167 |
| R200,000 | R46,667 | R41,111 | R38,333 |
| R300,000 | R70,000 | R61,667 | R57,500 |
Representative example
Loan amount
R175,500
Repayment term
12 months
Monthly interest
15.00%
Monthly repayment
R40,950
Total interest costs
R315,900
Total amount payable
R491,400
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
R1K – R350K
Term
12 – 84 months
Interest from
15.00%
Approval
24 hours
Age
24 hours
Online application
Yes
Requirements
- ✓ To earn a regular monthly income of at least R2 000 per month
- ✓ To have a cheque account into which your monthly income is paid
- ✓ To be 18 years or older
Loan features
- Debt management up to R350.000
- Term 1 - 84 months
Ready to apply?
Go to official Absa Consolidation Loans website ad