Get an unsecured loan of up to SCR500,000
  • Competitive rates and fixed monthly repayments
  • Repayable over 1 to 3 years
  • No Business contribution needed
  • One-off arrangement fee (1% of loan amount)
  • You will know exactly what your monthly repayments will be and the repayment amount will remain the same until the loan is cleared, provided the interest rate remains constant
Requirements
  • Must have an annual turnover below SCR5 million
  • Applicable only if all your required documents are in order
  • The loan amount you are eligible for will depend on your business turnover and other debt obligations that you may have
  • Applicable for refinancing of existing loans

Let us contact you

  • Documents required

    • Your business registration documents, such as business name registration certificate (in case of sole traders or partnerships), or company registration certificate and other company formation documents such as memorandum and articles of association (in case of companies)
    • Business licence certificate if applicable to your business type
    • Documentary proof of business address
    • A valid identification document such as passport or national identity card for the proprietor, partners, shareholders and/or directors
    • Documentary proof of address such as a utility bill (not more than 3 months old) for proprietor, partners, shareholders and/or directors
    • Audited financials (last 3 years)
    • Cash flow (month-to-month and yearly)
    • CIS (Credit Information System) form
    • Project memorandum or business plan
    • Proof of equity
    • Absa reserves the right to accept or decline any application based on internal policy
    • We may request additional documentation as deemed necessary
    • Please consult your business banking relationship manager for more information

    *Terms and conditions apply.
    *Facility is subject to credit approval.

Need more help?

Call us on:
(+248) 438 3939

Email us:
customerservices.sc@absa.africa