The recent unrest in South Africa has affected thousands of citizens. As Absa we are committed to supporting not just our customers, but our country as well. Now is a time for unity and we are focused on rebuilding our communities and providing assistance to our customers that need it most.
If you are our customer, please rest assured that whilst some of our services have been impacted, our core system and functions are all operating normally. We are working flat out to provide solutions in areas that have been affected especially our customers who need and rely on cash transactions.
We will be bringing several new products to the market to quickly allow South Africans to begin rebuilding their lives and their businesses as well as providing relief to customers who have been financially impacted.
Absa Siyasizana is here for you
If you have been affected financially by the recent events, we are here to support you. If you are having repayment issues with any of our products, we offer several repayment options to support your budgeting and situation.
Frequently asked questions
In light of the continued lockdown regulations and recent unrest in parts of South Africa, our Siyasizana Program is aimed at giving our customers credit relief that is specifically tailored to their individual needs.
We have a range of short-term and long-term solutions, each designed to help you meet your credit repayment obligations, bearing in mind your financial situation at the time.
While there are no set qualification criteria, customers with a history of good credit performance are most likely to get the most out of Siyasizana. That’s why it’s advisable to speak to us before your account is in arrears.
We are required to report any repayment solutions applied to credit agreements. This reporting may negatively impact your credit score, however, proactive repayment solutions will help you stay on top of your repayments which will boost your credit score in the long term.
During our assessment, we may require supporting documentation so that we can design a solution specifically tailored to your individual needs. We understand that getting all the required documents may be a bit difficult at this time, but it will be very helpful if you can provide us with as much information as possible during your application.
Please note: Relief provided through deferred payments on any credit agreement must be reported to the Credit Bureaus as regulated by the National Credit Act (NCA). In some cases, credit bureau scores might be impacted negatively, which can have an adverse outcome during your loan application(s) in the near future, across the market. Please bear this in mind when requesting relief.