During the past several years, African Bank has built a reputation as one of South Africa’s most trusted and reliable banks. The bank offers loans to clients with flexible terms and low interest rates, and this makes the bank a preferred provider for many bond originators and borrowers.
Applying for African Bank’s Long-Term Personal Loans
African Bank doesn’t offer home loans. Instead, the bank offers long-term personal loans for as much as R180,000 that you can use for any purpose. This type of loan is sufficient if you intend to buy a small house, renovate your current home, or send you or your child to college. The bank offers convenient repayment terms of up to 84 months.
Interest rates on personal loans may vary, depending on the size of the loan. For example, availing of a smaller loan means you will need to pay a lower amount of interest. This is ideal for low income borrowers since a small loan is easier and faster to pay off.
To avail of an African Bank long-term personal loan, you need to use the services of a bond originator. This is important if you want to make sure that you will get only the best possible deals on your loan.
The bond originator will compare the rates offered by various financial institutions to make sure that you will get the most preferential rates possible. This will allow you to save some money on interest, as well as enjoy all the perks offered by the lender.