Benefits
Benefit from discounted rates with a Scheme Loan, which is available to employees whose employers have a scheme agreement with Absa. The monthly instalments to repay your loan is deducted directly from your salary by your employer.
- Borrow up to P650,000 with no security required
- Enjoy competitive interest rates and loan fees
- Flexible repayment periods range from 12 to 84 months, provided the loan end date is before retirement or expiry of contract
- Retrenchment insurance cover is offered to secure your loan against retrenchment
- In the event of a retrenchment, the total outstanding balance of your loan will be settled by the insurer
- Credit life insurance is offered to cover the loan in the case of a customer’s death or permanent disability
- Quick and easy approval process
Requirements
- Your employer must have a scheme agreement with Absa.
- Absa Bank salary account holders and non-Absa Bank salary account holders can apply.
- No collateral or security is needed to apply for the loan.
Already started your application?
Need more help?
Call us on:
+2673159575 (Contact centre)
0800 600 444 (BTC Toll Free)
150 (Mascom Toll Free)
Email us:
Botswana.CustomerService@absa.africa