• What you get

    Benefits of the Absa Unsecured Loan for green projects
    • With this loan, you can get finance for:
      -Hybrid/electric car
      -Photovoltaic panel/s
      -Rainwater harvesting equipment
      -Solar water heater
    • The loan offers convenient and flexible repayment terms:
      -Up to 10 years with the unsecured loan for green projects
      -Up to 7 years with the unsecured loan for hybrid or electric car
    • We finance your green projects up to Rs2.5 million
    • Enjoy competitive interest rates as from 3.85%*
    • If you apply for the Absa Unsecured Car Loan for a hybrid or electric car and opt to take your motor insurance from Absa, you may be eligible for a discount on your insurance premium

     

    You can also reach our Service Centre on +230 402 1000 (open 24/7).

     

    Terms and conditions apply. Annual Percentage Rate ( APR ) is 4.33%

  • How it works

    Unsecured loan for green equipment
    • Minimum amount: Rs300,000
    • Maximum amount: Rs2.5 million 
    • Tenor: up to 10 years
    Unsecured car loan (hybrid)
    • Minimum amount: Rs700,000
    • Maximum amount:Rs2.5 million
    • Tenor: up to 7 years
    Unsecured car loan (electric)
    • Minimum amount: Rs1 million
    • Maximum amount:Rs2.5 million
    • Tenor: up to 7 years
    What you need to know
    • Available to any income earner who wants to adopt sustainable behaviours and have a positive impact on the environment
    • Cash can also be given as a collateral for the purchase of a hybrid/electric car, photovoltaic panel/s, solar water heater and rainwater harvesting equipment at competitive interest rates
    • If you have another loan commitment with another bank or institution, we will assess your request based on your income, project and existing commitment(s) and propose the most suitable solution
    • Payment will be done only to official and registered suppliers and car dealers
    • We have a preferred list of suppliers, but should there be any exceptions to the supplier, we will look into on a case-to-case basis
       

    View our fees and charges

    Terms and conditions apply. Annual Percentage Rate ( APR ) is 4.33%

  • Document requirements

    Call your relationship manager or visit any Absa branch with the following documents to apply:

    For an unsecured loan:

    • Proof of ID i.e National Identity Card, valid passport or current valid driving license
    • Latest payslip (in case you receive variable income, e.g., monthly commissions, then we shall need your 12 months’ payslips)
    • 3 months bank statement, where your salary is being credited
    • Pro Forma Invoice/ Quotation from green equipment supplier or car dealer

    All documents are required in their original form. The list of required documents mentioned above is indicative only. The bank may at any time request additional information to process your application(s).

     

    Terms and conditions apply. Annual Percentage Rate ( APR ) is 4.33%

Need more help?

Call our 24/7 Service Centre: 
+230 402 1000

Chat to Abby on WhatsApp: 
+230 5919 0001

Email us:
customer.contact@absa.africa