African Bank – online loan South Africa
Online loans up to R250.000
Amount
R10K – R250K
Interest from
15.00%
Term
7 – 72 months
Approval
24 hours
Applying does not commit you to a loan agreement.
Screenshot of https://www.africanbank.co.za
How to apply for African Bank loan
- Select Your loan amount
- Complete a quick form
- Wait for application
Quick overview
- Amount, R10.000 - R250.000
- Term, 7 - 72 months
Loan example
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| R20.000 | R4.432.41 | R24.432.41 | 12 months |
Loan example
*Representative example: All prices include VAT, R20 000 borrowed for 12 months. Once off initiation fee (capitalized) R 1197, Monthly admin fee R68.40. Representative APR 15%, Representative insurance rate 5.4%. Monthly installment amount payable R 2 036.03, total payable R 24 432.41.
Video review
Loan requirements
- ✓ Most recent proof of income, reflecting 3 salary deposits
- ✓ You must be over 18 to apply for a Loan
- ✓ Proof of residence not older than 3 months
- ✓ Latest bank statement, reflecting 3 salary deposits
Loan features
- Online loans up to R250.000
- Term 7 - 72 months
- Cash in your account within 24 hours
Frequently asked questions
24 hours after submitting your application.
The minimum amount at African Bank is R10,000.