Long Term Personal Loans

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Financial and Safety tips 1. Only obtain credit from institutions that display that they are registered with the NCR. 2. Draw up a budget and develop a savings plan. 3. Make sure that your monthly repayments are covered in your current budget. 4. Be financially awake – take action as soon as you realise that you cannot pay any instalment. 5. Make sure that you do not default on your accounts, as this will result in additional interest being charged. 6. Always ensure that you know what the interest percentage is converted into rands and cents. 7. Understand your insurance cover. 8. Be alert of card scams and always keep your Credit Card PIN safe. 9. If your Credit Card is swallowed by the ATM or is lost, it is advisable to phone the card line immediately or stop your card via your mobile. To connect to mobile services call 086 1000 351. 10. Good credit health is an investment in your future. *Terms, conditions and affordability rules apply. NCR Reg No. NCRCP5. An Authorised Financial Services and Registered Credit Provider. Reg No1975/002526/06. Long Term Personal Loans AB/2010/02/LTPL

Transcript of Long Term Personal Loans

Page 1: Long Term Personal Loans

Financial and Safety tips1. Only obtain credit from institutions that display that they are registered

with the NCR.

2. Draw up a budget and develop a savings plan.

3. Make sure that your monthly repayments are covered in your current budget.

4. Be financially awake – take action as soon as you realise that you cannot pay any instalment.

5. Make sure that you do not default on your accounts, as this will result in additional interest being charged.

6. Always ensure that you know what the interest percentage is converted into rands and cents.

7. Understand your insurance cover.

8. Be alert of card scams and always keep your Credit Card PIN safe.

9. If your Credit Card is swallowed by the ATM or is lost, it is advisable to phone the card line immediately or stop your card via your mobile. To connect to mobile services call 086 1000 351.

10. Good credit health is an investment in your future.

*Terms, conditions and affordability rules apply.

NCR Reg No. NCRCP5. An Authorised Financial Services and Registered Credit Provider.Reg No1975/002526/06.

Long TermPersonal Loans

AB/2

010/

02/L

TPL

Page 2: Long Term Personal Loans

Long Term Loans

With African Bank, you don’t have to wait for life to start. You can enjoy the

lifestyle you want now, with African Bank’s personal loans tailor made for

you. You might need credit for adding that extra room to the house, for your

own or your child’s education or may want to pay off your debt.

Whatever your needs, African Bank offers personal loans up to R100,000*

with comfortable terms of up to 72 months* to repay. Or, if you prefer,

shorter repayment plans are also available.

Insurance benefi ts* to give you the peace of mind that you are fi nancially protected · Death benefi t

· Permanent disability

· Temporary disability

· Retrenchment benefi ts - Instalment cover - Settlement cover - Re-employment benefi t - Short time cover - Compulsory unpaid leave/temporary layoff

* Insurance terms and conditions are available on the website or in-branch.

PERSONAL LOANS

We want you to enjoy the life you want to live, right now.

Long Term Loans

Loan amount R 12,000 R 14,000 R 16,000 R 22,000 R 30,000 R 50,000

Loan term (months)

12 18 24 36 60 72

Fixed monthly repayment*

R 1,320 R 1,090 R 988 R 997 R 997 R 1,474

Total repayment* R 15,843 R 19,615 R 23,722 R 35,904 R 59,841 R 106,136

Interest rate & fees*

* Interest rates based on your individual risk profi le and affordability.

* Initiation fees based on repayment term.

* Initiation fee, insurance fees & service fees included.

* Repayments include VAT. Prices correct at time of publication, but subject to change.

Connect with us the easy wayFor the following services, connect via your mobile to:

· Check current loan and Credit Card account balances, instalments and payment dates.

· Buy pre-paid airtime (MTN, Vodacom, and Cell C) using your African Bank Credit Card.

· Stop your Credit Card if it is lost or stolen.

To connect call 086 1000 351

How to qualify:

· Be 18 years or older, and bring the following to apply: ID, latest original payslip, 1 month’s bank statement refl ecting your salarydeposit or savings book and proof of residence.**

** Proof of residence; any of the following documents, amongst others, refl ecting your

name and current residential address would be accepted: latest utility bill, municipal

account, retailer account, document from an insurance company, payslip, letter from a

traditional authority, ward counselor or declaration from a landlord and affi davit from a

person who is living with you. Documents should be less than 3 months old.

Call 0860 333 004 or visit your closest branchand get credit that works for you.