Do you wish to learn how to apply for a loan at African Bank? This is something that you can do either online or at one of the bank’s branches. The online process is simple enough and you should be done in a few minutes. In this regard, African Bank is one of the best financial institutions in South Africa for those looking for loans. They offer friendly repayment terms, which is why so many people are looking for the information that we provide in this article.
Steps to apply for an African Bank loan
The following is how to apply for a loan at African Bank;
- You can apply for an African bank loan online. The process only takes a few minutes. However, you will need to meet the Standard Bank loan application requirements. See below for what you require when applying for a loan.
- It’s also possible to apply for an loan over the phone.
- Another option is for you to go to your nearest African Bank branch. You can lodge your loan application there.
What do I need when applying for a loan?
We have previously given the African Bank loan requirements. To summarize, you need to provide proof that you have a reliable source of income, such as your salary. This proof can be in the form of a pay slip.
You also need to be over 18 when you make your application. Another requirement is for you to provide a bank statement.
African Bank uses this to determine that you earn enough per month to be able to repay the loan that you are getting.
How long will I have to repay the loan?
In this article, we focused on showing you how to apply for a loan at African Bank. Most people will be wondering how long they will have to repay the loan.
African Bank offers fairly friendly terms on loans. You can choose to repay the loan within 9 or 12 months. The good thing is that you get fixed repayment terms. It means you know exactly how much you will have to repay at the end of the month.