ABSA LOANS FOR BLACKLISTED CLIENTS

Absa loans for blacklisted clients search continues to grow across all internet platforms and this points to something very serious going on. More and more people are becoming very much indebted and are now reliant on blacklisted loans because of their credit record.

Understand Absa Loans For Blacklisted Clients

So far Absa, like all other traditional banks in South Africa offers various financial services to the general public of South Africa. Personal loans are just one of many other financial products that Absa has been offering for sometime now. 

There surely is a reason why people are searching for Absa loans for blacklisted clients even though they are pretty much aware that major banks are hesitant to assist people with bad credit record. This is because people are now becoming aware that loans are granted after banks perform credit check which will give a certain scoring. The decisions at to whether you are approved depends on the score that you get. Before we get deep into answering the question as to whether Absa does offer blacklisted loans, let us first look at loans offered by the bank generally.

Absa Loans

Absa offers loans under three categories and these are

Absa Personal Loans

Absa Express Loans

Absa Instant Loans

Absa Personal Loan

This type allocates funds to you for an amount between R3000 and R350 000 with a repayment term ranging from 12 up to 84 months depending on the loans amount you qualify for. 

Absa Express Loans

The total amount this loan can give you is R8000 with a minimum of R1500 depending on your need analysis. The repayment period is slight different from that of FNB loans that we discussed under FNB loans for blacklisted. What is also different on this one from personal loan is that the repayment period has been capped to 6 months which makes it much shorter. The minimum loans repayment period for the express loan is 2 months only.

Absa Instant Loans

This one is really quick cash that gets granted via other platforms and can easily be accessed on ATM or on online banking facilities. The minimum amount on this one is just R250 and the max is R5000. Absa has capped the repayment period of this one to just 35 days and this is clearly because it is a very small amount of cash.

How To Apply for Absa Loans For Blacklisted?

• A valid Smart ID Card or valid South African ID document (green).
• Your age has to be 18 and above
• Be able to produce proof of your residential address. This can be your rates bill,  municipality billow your cellphone contract statement
• Produce 3 months payslips or a banking statements which must show a monthly income of R1 500
• You also need to hold a transnational account with any bank to prove that your have been earning income for at least there months

As for Absa loans for blacklisted clients, we encourage you to secure your credit report of which you get one free every year and check your scoring before you approach Absa bank.