Absa Business Revolving Loan

Absa Business Revolving Loan, How To Apply & Requirements

Are you interested to learn about Absa business revolving loan in South Africa? Then read through this guide to learn.

This short to medium facility allows you to borrow up to your credit limit once you have repaid a percentage of your previous loan.

This loan allows you to use credit for purchases as long as available credit remains.

You can free up the credit at the end of each billing cycle by making the required payments. 

We will first show you the requirements to apply for this loan.

What Are The Requirements

You need a regular monthly income of R8000 or more to qualify for this loan.

You need to prove your personal suretyship of the principal.

These are the requirements to apply for an Absa business revolving loan in South Africa.

Now that you know the requirements, we will show you exactly how this loan works.

Absa Business Revolving Loan

There is no minimum or maximum loan term as the loan continuously revolves.

The minimum loan you can apply for is R25 000, and there is no maximum.

You should have an Absa bank account into which the income is paid.

You can evolve back to the original facility once you pay at least 15% of the credit.

The monthly payment is consistent and only changes when the service fee changes.

The minimum monthly repayment is 1/40th of the money borrowed.

You can make lump sum deposits and withdrawals to your account.

You can get credit from a set amount that is collectively decided on between the bank and the client.

This is how the Absa business revolving loan works in South Africa.

We will now show you the benefits of this loan facility to your business.


You get a personalized interest rate of up to a maximum of +14% per year.

The estimated interest repayment includes the monthly service fee and a once-off initiation fee.

You can use this loan to manage cash flow, seasonal eventualities, or your projects.

You can use the loan as working capital, bridging finance, or paying stock in trade.

You have access to the credit protection plan, which covers your business in the event of death, permanent and temporary disability, terminal and critical illness, or loss of income. 

You can access the loan through Absa internet banking.

These are the benefits of the Absa business revolving loan in South Africa.

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