African Bank – loan application
Screenshot of https://www.africanbank.co.za, operated by: African Bank Limited, used under legitimate licence.
Contact
Company
African Bank Limited
Address
59 16th Rd, Halfway House Estates, Midrand, 1685
Website
https://www.africanbank.co.za
African Bank – 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 |
Representative example
Loan amount
R130,000
Repayment term
12 months
Monthly interest
15.00%
Monthly repayment
R30,333
Total interest costs
R234,000
Total amount payable
R364,000
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
R10K – R250K
Term
7 – 72 months
Interest from
15.00%
Approval
24 hours
Age
24 hours
Online application
Yes
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
Ready to apply?
Go to official African Bank website ad