Tuesday, April 14, 2020

Absa Gives Loan Repayment Relief To Customers

    April 14, 2020   No comments

Absa Bank Kenya

Absa bank Kenya has announced changing credit terms as part of the measures to further cushion customers from the harsh economic times caused by Coronavirus pandemic.

The lender has announced giving relief on all credit facilities including personal loans, mortgages, asset finance loans,business loans and credit cards.

Customers will enjoy a 3 months repayment relief on current loans. This is extendable on application up to 12 months. Customers will not incur any fees as a result of this extension. The bank has also extended customer credit life cover for 3 months at no additional cost.

To apply for the extension, sms your ID number to 22268 before 16th April 2020.

In addition,on business loans, the lender has waived the monthly access charges on Absa integrator  till 30th June 2020

All Credit card customers will enjoy  a 3 months repayment relief. In addition,the customers can either reduce their repayment to as low as 5 percent of the outstanding balance or pay in equal monthly instalments up to 12 months.

Mwabaya Katana

About Mwabaya Katana

Mwabaya is an experienced and talented finance content creator based in Kenya. He is the Founder of Loans Kenya Blog.

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