Absa Business Revolving Loan

Comparison Overview:

• Product: Business Revolving Loan
• Minimum Loan Amount: R25,000.00
• Max loan amount: no maximum
• Min repayment period: n/a
• Max repayment period: n/a
• APR: n/a

Product Overview

With an Absa Business Revolving Loan you have indefinite access to an agreed upon amount. Once you’ve paid back 15% of the original loan amount, the repaid amount becomes available again.

Features of the loan

• The Business Revolving Loan is a short to medium-term borrowing option
• You can borrow money from a set amount that Absa and you decide on together; after which you will need to pay back a certain amount before you can draw money again
• The minimum loan amount is R25 000 and there is no upper limit
• A minimum monthly repayment of 1/40th of the money borrowed is required
• You can make lump sum deposits and withdrawals on your account

Benefits of the loan

• An Absa Business Revolving Loan can be used to manage cash flow, seasonality or your projects
• You could use it for working capital, bridging finance or to pay for stock in trade

Qualifying criteria

The minimum security requirement is the personal suretyship of the principal

APPLY FOR A BUSINESS LOAN HERE