Absa is providing a quick and easy way to get a loan for its customers through the Absa Instant Loan, if you need a fast and easy way to access cash for unexpected expenses? The Absa Instant Loan is a convenient solution to get you the money you need right away.
Absa Instant Loan Amount and Interest
Loan amounts: R350 to R8,000
Repayment: Up to 35 days
Absa Instant Loan Benefits
To get the benefits of the Absa Instant Loan you must first be an account holder of Absa bank then you can enjoy the following benefits:
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Instant access:
- Get your loan approved and the funds immediately through Absa ATMs,
- Cellphone Banking, or Absa Online Banking.
- No need for extensive paperwork or
- lengthy waiting periods.
Simple application:
What are the requirements for Absa Instant Loan
The most important requirement in order to qualify for the Absa Instant Loan is that you must be an Absa customer, and you do not need minimum income requirement for Absa Instant Loans. However, here are the requirements you likely need to meet:
- Be an existing Absa customer: This means you already have an Absa bank account.
- Have a good credit record: Absa will assess your creditworthiness to determine your eligibility and interest rate.
- Meet age requirements: You should be 18 years or older.
- Have a valid South African ID: You’ll need this for identification during the application process.
- Proof of residence: While not explicitly mentioned, it’s common practice for banks to request proof of residence (e.g., utility bill) for loan applications.
- Active transactional account: The loan funds will likely be deposited into your Absa transactional account, so it needs to be active for a certain period (often 3 months).
Who can apply for the Absa Instant Loan
As mentioned above the Absa Instant Loan is available for existing Absa customers.
How to apply for the Absa Instant Loan
Here are the options available to apply for the Absa Instant:
- Loan Log in to Absa Online Banking,
- Visit an Absa ATM, or
- Use Cellphone Banking to apply for your Absa Instant Loan in minutes.
