How do I qualify for African Bank loan?
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.
Can I get a loan at African Bank if I 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 I 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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