List of Absa loan customers can apply in Ghana

The consolidated merger of numerous financial institutions known as absa Group is one of Africa’s largest diversified financial services groups with a presence in 14 countries and securities entities in the United Kingdom and the United States.

The bank has unveiled the following loan package to serve their numerous customers which include: Absa Direct Personal Loan,Scheme Loan,Employee Salary Overdraft and School Plan

Absa credit facility Application is easy, approvals are quick and best of all, you get a range of repayment options.They are anchored in the concept of creating shared value in creating inclusive growth in Africa and delivering financial products and services.

You can also read: USSD Code to get Loans in Nigeria

In this post we are going to take a look at loan application Ghana customer who operate with Absa can borrow in other to finance their short-term, education, holiday vacation and many more financial needs.

1. Absa Direct Personal Loan

This loan facility is designed for Absa account holder who has been operating their bank account for at least 6 months and need an unsecured loan can apply for this facility.. Whether you want some extra cash for a holiday, education, car or even a house, a Direct Loan then you are in the right bank.

The loan package provides credit life insurance cover against death, permanent disability and retrenchment cover for 6 months.There is No collateral or security to apply for this loan package.

It has Flexible repayment of 12-60 months with Competitive interest rates and fees when compare to other lenders.Employees can borrow up to GHS220,000*

 

Requirement to apply for Absa Direct Personal Loan

Borrower must meet the following requirement before they can apply for the loan:

1. You need to have an Absa account to qualify
2. Account should have at least one month’s salary credit
3. Available to salaried workers

Documents to apply for Absa Direct Personal Loan

1.National ID card (or passport for non-Ghanaians)
2.Latest payslip
3.Completed loan application form
4. 6 months’ bank statements (for new customers)

Read: Personal Loan: How to Apply for it

 

2. Absa School Plan loan

An investment in knowledge pays the best interest since it’s the passport to the future, for tomorrow belongs to those who prepare for it today. High quality education is often attributed to schools having state-of-the-art infrastructure and modern amenities.

The loan facility supports parents, guardians and individuals at various levels of education to settle school fees. It is available to existing and new salaried customers who have been banking with Absa for at least a month.

Employees can borrow up to GHS220,000 to enable them pay their kids school fees with Monthly repayments over a period 6 – 60 months.The school loan has a competitive interest rate of 23.5% per annual.

You can either choose Short and medium-term fee payments for your dependants or yourself, of up to 5 years with Free credit life insurance cover against retrenchment, death and permanent disability. It has Exciting gifts like caps, school sets, Android tablets, etc. for children on the School Plan

Read: What is different between Secured loans vs Unsecured loans

Who can apply for Absa School Plan loan

To qualify for school fees loan customers need to have to following:

1. You need to have an Absa account to qualify.
2. Account should have at least one month’s salary credit.
3. Available to salaried workers.

Requirement Documents to apply  for Absa school plan

Absa account holders

1.National photo ID card (or passport for non-Ghanaians)
2.Completed loan application form
3.Latest payslip

Non-Absa account holders

1.National ID card (or passport for non-Ghanaians)
2.A completed loan application form
3.Most recent bank statements for the last 6 months (certified)

Read: What to Avoid During Home Mortgage Loan Process

3. Absa Employee Salary Overdraft

This loan package is designed for salary earner who’s account domicile with Absa for at least 6 months if you can provide confirmation that you’re permanently employed.

Customers of Absa can Borrow from GHS500 – GHS20,000 with minimum repayment period of 12 months,borrower can repay yearly or on a monthly basis.The credit facility come with Credit life insurance cover against death and permanent disability.

Requirement Documents to apply  for Absa Employee Salary Overdraft

1.National ID card (or passport for non-Ghanaians)
2.Completed overdraft application form
3.Latest payslip
4. Bank statements for 6 months (for new-to-bank customers)

 

4. Absa Scheme Loan

This loan facility is available to only government institutions and private companies who intend to get staff company loans for it’s employee.The loan is so convenient, easy to arrange and completely hassle-free as banking is brought to an employee’s doorstep.

It also come with Affordable credit life insurance against death, permanent disability and retrenchment cover for 6 months with Credit life insurance cover against death and permanent disability.

No collateral or security needed to apply for this kind of loan provided you are a confirmed staff of reputable organization or government staff.Repayments are deducted from employees’ salaries with Flexible repayment periods of 6-60 months.

Employees can borrow up to GHS220,000* with competitive interest rates and fees when compare to other financial lenders. Employees are qualify if they’ve been with their employer for at least 6 months and get paid a salary through Absa or another bank

Requirement Documents to apply  for Absa Scheme Loan

To enable you apply for absa scheme loan,  employee of private company or government parasites will need to provide the following documents as adumbrated below.

Absa accountholders

1. National photo ID card (or passport for non-Ghanaians)
2. Completed loan application form
3. Latest payslip

Non-Absa accountholders

1. National ID card (or passport for non-Ghanaians)
2. A completed loan application form
3. Most recent bank statements for the last 6 months (certified)

Read: 6 Different Types of Mortgage Loans you need to understand

How to apply for Absa loan of your choice

To apply for your desire loan with Absa you need to visit their website or visit nearest branch that is close to you and go along with National photo ID card (or passport for non-Ghanaians), Completed loan application form and Latest payslip.

While the Non-Absa accountholders should go along with National photo ID card (or passport for non-Ghanaians), Completed loan application form and Bank statements for 6 months (certified)

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