The benefits of this loan from African Bank are:
- fixed interest rates
- fixed installments
- Up to 24 months for discharge
Why does Clube Utua recommend this loan to you?
This loan has a different characteristic: when defining the amount to be contracted, the interest rates applied are fixed so that the installments of your loan will always have the same value.
This is possible because this product was defined with a relatively low hiring limit, and with a maximum term of 24 months for discharge.
This combination of factors allows for the application of lower interest rates, which are diluted in the monthly installments so that you can take out the loan without greatly impacting your budget.
With this loan, you have the freedom to use the amounts for any need that is convenient for you, as no guarantees or allocation of the use of the amounts are required at the time of contracting.
Author’s Opinion
AfricanBank, as the main financial institution in South Africa, proposes to always place the citizen as the main beneficiary of its products. With a well-diversified portfolio of products, it is always possible to find the right product for your needs.
This loan is for you who need low amounts and manage to pay the installments within the deadline supported by the bank, thus being able to reduce the incidence of interest and keep your personal history balanced.
A tip for your pocket
The best scenario for the health of our finances is to have an emergency financial reserve. Unfortunately, reality does not make it easy for this habit to be easily included in our lives, as today’s needs are more urgent than the possible needs of the future.
Thus, when taking out a loan, it is necessary to pay the installments that come from the part of our monthly income.
Therefore, try to continue collecting a portion of your monthly income after the loan is paid off to a personal reserve account.
Thus, you will have money when an emergency arises and still earn income from that amount. Much more profitable for your pocket!
African Bank fixed-rate loans can be taken out easily. Want to know how? Follow me by clicking the button below:
