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Manage your finances with our revolving facility
Manage your finances with our fixed repayment
With a revolving facility you can manage your finances with our fixed repayment monthly.
Get the best interest rates
If you take out an Absa Revolving Credit Facility and another lender offers you a lower interest rate, we’ll reduce our rate to beat it. Terms and conditions apply.
No need to reapply for your existing funds
Once you've paid off 15% of your loan amount, you can access the full amount without having to reapply.
What you need to know
A revolving credit is a loan facility that continuously revolves. You can apply for a facility between the amount of R15 000 and R150 000. The facility does not have a maximum loan term as the term is indefinite.
Once 15% of the facility limit has been repaid, you can revolve back to the original facility limit or any other amount lower than the limit. Your monthly payments stay consistent and will only change should service fees change.
Credit life can be selected as an optional feature on the revolving product which is an insurance cover that protects you in the case where you cannot repay the loan due to death, disability, loss of income or dreaded disease.
Repayment term:
Minimum: 12 months
Maximum: The term is infinite
Interest rate:
Receive personalised Annual Percentage Interest Rate (APR), up to the maximum of prime +14%.
Estimated interest repayment:
A monthly repayment of at least R1 319 can be expected of a revolving credit facility taken for R50 000.
*Includes a monthly service fee and once-off initiation fee.
Credit Protection Plan:
The Credit Protection Plan will cover you in case of death, disability, critical illness or retrenchment. You can get cover to protect your facility with Absa Life Limited or any other licensed life insurer.
