To apply for an AfricanBank Consolidated Loan you need to:
To apply, you need to meet African Bank’s credit criteria and provide the documents below.
The documents required for the African Bank Consolidation Loan application are:
- South African ID document
- Latest payslip
- Latest bank statement showing three salary deposits
- Proof of residence (less than 3 months old)
In possession of your documentation and fulfilling the listed requirements, you will be able to fill out the AfricanBank consolidated loan application form.
Where to apply for the African Bank Consolidation Loan?
You can apply online 24/7 on the African Bank app or Online Banking, at any African Bank branch, or by calling the Call Centre on 0860 333 004. Fill out the application form and attach your documents.
African Bank will assess your application and your existing debts before approving the loan. No settlement quotes are required, but you will need to show proof that your loans have been settled.
How to receive the amounts and where to settle the AfricanBank consolidated loan installments?
Your repayment dates are set out on the front page of your agreement. Your first repayment is due seven days after your loan is deposited in your bank account, and all other instalments are due on the first day of the month. African Bank can arrange to deduct the money from your bank account monthly on the day you are paid. You can also pay by debit order, Visa or Mastercard, EFT, at an African Bank branch or in store. On a qualifying consolidation, you can choose to take a break on your repayment for one month.
AfricanBank consolidated loan can be the solution to your problems. Claim yours!
