* Processing Fees and Excise duty are only applied to year one. For loans longer than one year, your annual cost from year two onwards will be 14.5%-15%
The Absa Bank PLC check-off loan is available to any government employee, or any employee of a company that has an agreement with Absa Bank, so that the repayments get deducted from the employees’ salaries.
No collateral or security needed to apply for the loan.
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