Your needs

Business Revolving Loan

With a revolving loan you have indefinite access to an agreed amount. Once you’ve paid back 15% of the original loan amount, the repaid amount becomes available again.


Features

  • The Business Revolving Loan is a short to medium-term borrowing option
  • You can borrow money from a set amount that we 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

  • 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

 

Contact Support Centre
  • Call us on
    0860 040 302
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