Do you qualify to get a Personal Salary Loan from Absa Bank? They offer Personal Salary Loans to individuals who receive a salary every month as well as those that are self-employed.
Any purpose, from buying a new car to paying for your children’s education, can be accomplished with a personal loan.
Additionally, they might come in handy if you need to cope with unforeseen circumstances like paying medical expenses, making an urgent home repair, or other unforeseen expenses.
We’ve listed for you the benefits and requirements for getting a personal salary loan from Absa Bank to help you prepare ahead of your loan application.
Requirements for getting an Absa personal salary loan
- You must be employed and make a minimum net monthly salary of UGX600,000 (only for USD loans) or $1,500 (for Premier or Prestige customers).
- A valid Identification document such as (a passport: mandatory for foreign nationals/national ID/driver’s license)
- Letter of employment from employer
- A most recent payslip
- Passport photo
- Copy of financial card
- HR and fraud clearance(For Absa staff members)
Benefits of an Absa Personal Salary Loan
- You can benefit from their competitive, fixed interest rates.
- You receive no-cost credit insurance (N/A for loans in USD).
- Adaptable repayment schedules
- Obtain free credit insurance.
- Interest is calculated on a loan-reducing basis
- Free-standing order is established
- It is easy to organize
- You don’t have to bank with Absa Uganda right now to apply
- It is offered in UGX and USD.
Conclusion
It’s quick and simple to get a personal salary loan from Absa Bank.
Please note that after one month after taking out the loan, you are required to begin making equal monthly payments to the bank, which they do at competitive interest rates.
