How do I qualify for a loan at African Bank?
You must be over 18 to apply for a loan and will need to produce a recent proof of income which reflects at least three salary deposits, proof of residence not older than three months and a recent bank statement reflecting three salary deposits. At African Bank, you can choose to repay a loan over seven to 72 months.
Does African Bank offer loans to blacklisted?
If you are blacklisted by any of South Africa’s credit bureaus, you will probably not be eligible for a loan. Your credit risk and personalised credit profile is based on late payments, non-payments, debt review, balances on credit cards, and more.
How do you check if I qualify for a loan?
1. Credit Score and History. An applicant’s credit score is one of the most important factors a lender considers when evaluating a loan application. Credit scores range from 300 to 850 and are based on factors like payment history, amount of outstanding debt and length of credit history.
Can I get a loan without payslip?
If you’re unable to prove income with a payslip, you can do so through other documents that confirm how much income you are earning. These could be bank statements, pension fund/disability fund statements, a letter from your employer, etc.
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