If you are self-employed and need money urgently, Absa has a loan just for you. It’s called the express loan.

To qualify, you will need your latest payslips, KRA PIN, identification online loans cards and bank statements. You will also need to declare any outstanding debts or credit card balances. You’ll also get a credit life insurance plan and flexible repayment periods.

Easy to apply for

Whether you need to give your lifestyle a boost or cover unexpected expenses, Absa personal loans are a flexible way to get you the funds you need. They offer unsecured loans of up to Rs100,000 with repayment periods of up to 84 months. You can also choose to repay your loan early without incurring any penalties. Plus, you’ll have credit life insurance attached to the loan for your peace of mind.

There are a few conditions to be met before you can apply for an Absa personal loan, but they’re standard across the market. You’ll need to have a bank account that pays you money, be of legal age, and provide proof of income. You’ll also need to meet the minimum earnings requirements for your chosen loan amount and have a clean credit record.

Absa’s Instant Loan is a temporary solution for those times when you need cash in an emergency. It’s available to anyone who earns a salary and allows you to access your funds in minutes after approval. You can even use an online calculator to find out how much you’ll be paying monthly, based on your chosen loan amount and term. Your monthly repayment will be deducted automatically from your bank account through a debit order, which is a great way to manage your cash flow and debt.

Flexible repayments

A personal loan from absa offers a cost-effective way to boost your cash flow and cover unexpected expenses. It also helps you avoid putting pressure on your credit card balance, which can cause you to incur higher interest rates. The bank’s online calculator can help you determine the best repayment terms for your needs.

The bank offers unsecured personal loans to individuals with a regular income, even if they are self-employed or on contract. The amount that you can borrow is based on your salary and credit history, with an interest rate that can vary between prime +17.5% and 18.5%. You can use the unsecured personal loan for any purpose, including buying a car, paying for an education, or making home improvements.

With an Absa Personal Loan, you can get a flexible loan with affordable monthly instalments and a credit life insurance policy that protects your family against the risk of death or disability. The application process is simple, and you will need to bring the following documents: latest payslip, KRA PIN certificate, national ID or passport, one passport photo, and a bank statement.

The bank’s gross loans to customers grew by low double-digits in the first 10 months of 2022, but it is now seeing impairments rise and expects further strain on consumers as the economy continues to weaken. It is also seeing strong demand for its vehicle asset finance and personal loans, and it plans to expand its presence in the market.

Competitive interest rates

Whether you are buying a car, renovating your house, or taking a vacation, Absa personal loans are a convenient way to finance these expenses. Its loans are competitively priced and have flexible repayment terms of up to 84 months. The loan also comes with credit life insurance, which gives you and your family peace of mind.

In addition to unsecured personal loans, ABSA Kenya also offers a credit card. You can use this card to earn rewards, pay your bills, send money, and purchase airtime. This card is available for both existing and new customers.

The bank also provides various revolving loans that can help you pay for your studies, textbooks, and other expenses. These loans can be a great alternative to student loans and are often cheaper than the rate of interest charged by many banks. These revolving loans are perfect for people who need extra cash to cover unexpected expenses.

Earlier this month, Absa announced a 21 percent rise in full-year profit thanks to lower bad debt charges. This is a big turnaround for the bank, which was bought by Barclays last year. The bank had struggled to gain traction in Africa, where it competes with local banks and big Western lenders. Its growth has accelerated since it introduced an improved mobile banking app and cut costs.

Credit life insurance

Whenever you take out a loan at Absa, you can get a credit life insurance policy for it. This policy protects you from the risk of being unable to pay off your debts should you be unable to work for a long period of time due to illness or disability. It is also designed to provide you with peace of mind.

You can apply for a personal loan even if you are self-employed, as long as you can prove that you have a steady income and can afford to repay the loan. The bank may ask you to provide your latest bank statements instead of your payslips, and they will check whether you have sufficient income to repay the loan. Pensioners are also eligible for a personal loan as long as they can meet the requirements.

Another advantage of absa personal loans is that they allow you to consolidate your debt. This is particularly useful if you have several loans at different institutions. Having one loan with a single bank makes it easier to manage your monthly instalments and can save you money in the long run.

Moreover, absa home loans come with credit protection, which prevents your estate from being sold to settle debts. You can request a credit life insurance policy with your home loan application or via your branch.