Company:
African Bank
Address:
59 16th Rd, Halfway House Estate, Midrand, 1685
Company Reg no.: 2014/176899/06, Credit provider Reg no.: NCRCP7638
after my loan was paid up, i still saw a deduction query and had to contact them. they reversed it later, but it gave me a fright. keep all paid-up letters and screenshots. the bank is legit but admin problems do happen.
Used African Bank to consolidate small debts. The monthly payment became easier to manage, but the paperwork took time and they asked for updated bank statements twice. Overall useful, but not something to rush through.
African Bank gave me a bigger loan than payday lenders and the term was flexible. The consultant explained the instalment and insurance properly. Payout was quick after approval. just be honest with your expenses because the repayment is long.
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Interest |
Loan amount |
Term |
Borrower age |
Company Reg. no |
||
|---|---|---|---|---|---|---|
|
APR from 29.25%
|
500 — 8,000
|
from 5 to 35 days
|
20 — 64 years
|
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|
|
APR up tp 60%
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500 — 4,000
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from 5 to 90 days
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18+ years
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Company Reg no.: 2023/805154/07, Credit provider Reg no.: NCRCP17814
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|
|
APR up to 365%
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500 — 8,000
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from 1 to 180 days
|
18+ years
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Company Reg. no.: 2025/213906/07, Credit provider Reg. no.: NCRCP22362
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|
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APR up to 60%
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500 — 4,000
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from 1 to 6 months
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18+ years
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Company Reg. no.: 2025/543233/07, Credit provider Reg. no.: NCRCP22496
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|
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APR from 3.65% to 58.4%
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500 — 8,000
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from 1 to 6 months
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18+ years
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Company Reg no.: 2023/140135/07, Credit provider Reg no.: NCRCP20790
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