Unrestricted

Internet Sales Fulfilment Personal Loans

Version date: 22 J uly 2013



Disclaimer:
All information contained herein, including information in respect of interest rates and terms and conditions, is subject to change as set out
in the relevant terms and conditions.
Absa Bank Ltd Reg No 1986/004794/06. Authorised Financial Services Provider and Registered Credit Provider, Reg No NCRCP7
Page 1 of 2
Internet Sales Fulfilment - Personal Loan

DESCRIPTION OF THE PRODUCT
A Personal Loan is a standard unsecured loan with a mutually agreed repayment structure. For additional product
information, please consult the Absa Contact Centre on 0860 356 356.
A quotation will be issued on approval of the application. The quotation that will be provided/displayed will provide
all details pertaining to the loan that will be offered to you during the/your application process. Please carefully
read the quotation and understand the details and financial implications of and before accepting the quotation.
You can contact your branch for any queries related to the quote. If you are unsure of any item in the quotation,
please consult your branch for more detailed information.

WHAT ARE THE FEATURES OF THE PRODUCT?
Loans for almost any purpose, however, consolidation of debt will not be permitted.
The minimum loan amount is R3 000. The maximum loan amount will be determined at the time when
assessing the/your application.
The minimum loan term is 12 months and limited to a maximum of 60 months for all loans under R30 000.
For loan amounts above R30 000, the maximum term allowed can be 84 months.
You have the option to settle the outstanding amount, of any existing loan/s, in the new loan. A consolidated
instalment, which will cover the total loan, new and existing, will be provided.
Monthly service and or Initiation fees, as defined and prescribed in the National Credit Act, are applicable.
Fixed interest rate loans offer customers equal monthly payments.
Variable rate loans offer customers loan payments that are linked to prime.
Allocation of interest rate pricing and fees for loans is subject to individual risk assessment.
An option to apply for Credit Life cover. Your monthly instalment will include the Credit Life premium where
applicable.
Qualifying customers will receive a cash back payment reward on the anniversary of the initial loan payout
date equal to 1% of the original loan value.

The loan application process
An assessment will be done on the total size and the decision will be displayed.
If your loan application has been approved, a quotation will be provided. This quotation is valid for a period of 5
(five) business days from the date of the quotation. You may accept or decline the quotation immediately or at
any time but within the period of 5 (five) business days.
Once you have accepted the quote, it is binding, as the loan account will immediately be created and your
nominated account credited.

HOW DOES THE PRODUCT WORK?
A loan account is opened and the funds are transferred electronically to the Absa transaction account selected by
you.
Payments are facilitated via debit order from your Absa transaction account. When selecting the First payment
date (the subsequent due dates of the monthly instalments will be derived from this date) you should ensure that
this date is aligned with your Regular Salary Date.

Unrestricted
Internet Sales Fulfilment Personal Loans
Version date: 22 J uly 2013



Disclaimer:
All information contained herein, including information in respect of interest rates and terms and conditions, is subject to change as set out
in the relevant terms and conditions.
Absa Bank Ltd Reg No 1986/004794/06. Authorised Financial Services Provider and Registered Credit Provider, Reg No NCRCP7
Page 2 of 2
The account may be settled early without attracting any early settlement interest or fees.