Tag Archives: how to apply for an absa atm loan

ABSA temporally loan

Get a temporally loan from absa which is also known as an Overdraft, if you want extra money available in your account should you need it? An Overdraft on your current account could be the answer.

It can be easy to lose track of how much money is in your account when you’re busy and pay day can sometimes seem a long way away. An Overdraft from Absa provides you with a safety net of additional money, up to a pre-agreed limit, to cover everyday expenses when there’s nothing left in your account.

Absa offers three different overdraft options:

Standard – granted for a period of 12 months and reviewed annually
Reducing – the limit on the overdraft facility is reduced on a monthly basis, until the full amount is settled
Temporary – granted for a fixed period of time only and must be settled in full at the end of that period.

How does the absa atm loan work

Get money and check if you qualify for a loan at an ATM, Currently FNB and ABSA offer the service, it allows the existing customer to check if they are eligible for a loan by checking at the ATM whether if they qualify for a loan or not.

If the customer does qualify they will withdraw the cash instantly at the ATM at that moment, this is very useful if you want quick cash or loan. This kind of a loan is payable in 30days. The approved amount of loan will be transferred to your ABSA Account, from where you can withdraw it and use as you desire. ATM loans up to 3000 rand from any FNB ATM on your average savings account.