Absa Direct Personal Loan is the loan for you if you have had an Absa account for at least 6 months and need an unsecured loan for personal reasons. Therefore, whether you need money for a vacation, education, a car, or even a house, a Direct Loan can help you finance it quickly and easily.
Features of Absa direct personal loan
The following are the features of Absa Direct Personal loan:
- Employees may borrow up to GH₵220,000.
- It has a flexible repayment of 12-60 months.
- It comes with competitive interest rates and fees.
- They do not require collateral or security to apply for a loan.
- It has a hassle-free application process and quick approval time
- With an Absa Direct Loan, you may get affordable loan insurance.
- Fixed interest rates prevent any rapid hikes.
- Repayment alternatives that are flexible dependent on your other financial obligations
- Advanced support to help you better manage your loan.
- For 6 months, you can get affordable credit life insurance that protects you against death, severe disability, and retrenchment.
Requirements of Absa Direct Personal loan
The following are the requirements for Absa direct personal loan:
- Provide your national ID card (or passport for non-Ghanaians)
- Get your latest payslip
- Get a completed loan application form
- 6 months’ bank statements (for new customers)
The average Annual Percentage Rate (APR) for Absa Direct loan is the Ghana Reverence Rate (GRR) plus a range of -3% to 20%. The exact APR will be made available to you when you engage us at any of our branches to request for a loan.
What to bring to the branch Absa Direct Personal Loan
- Ghana card
- Latest payslip
- Completed loan application form
- 6 months’ bank statements (for new customers)