Discover the prerequisites and application process for obtaining a loan from African Bank.

To apply for a loan from African Bank, you need to:

• Be at least 18 years old
• Be a resident of South Africa
• Have a stable and legal income

You’ll need to submit the following supporting documents:

• Updated income statement
• Bank statements for the last three months
• Proof of address
• South African official identification documents

While having a good financial history is preferable, it’s not a mandatory requirement.

Once you’ve met these requirements and have your documentation up to date, you can apply for a loan from African Bank.

Where can you apply for an African Bank loan?

You can request an African Bank loan through various channels such as online service platforms like the mobile application and internet banking, via telephone service, or by visiting physical branches.

An application form will be provided where you’ll input your details and attach the necessary documentation for assessment. The bank may request additional documents as needed.

The assessment process typically takes up to 7 business days to complete, and upon approval, the loan amounts are disbursed immediately.

Where do you receive and repay African Bank loan installments?

The loan amounts will be deposited into your African Bank account, and if you don’t have a savings account, one will be opened for you when you take out the loan.

You can set up automatic payments of installments from this account or have bank payment slips debited. Additionally, deposits can be made at any African Bank branch.

This loan option is among the most advantageous at African Bank. Don’t hesitate to apply for your African Bank loan now!