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How to Apply for A Loan at African Bank

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To apply for a loan, you must be above 18 and have recent evidence of income showing at least three salary deposits, a recent bank statement showing three salary deposits, and proof of residency that is no older than three months. You can opt to pay back a loan at African Bank over a period of seven to 72 months.

How to Apply for A Loan at African Bank

How to Apply for A Loan at African Bank

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Here are five common requirements that financial institutions look at when evaluating loan applications.
  1. Credit Score and History. An applicant’s credit score is one of the most important factors a lender considers when evaluating a loan application
  2. Income
  3. Debt-toincome Ratio
  4. Collateral
  5. Origination Fee
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