AVBOB is diversifying, and is now offering personal loans from its subsidiary, AVBOB Financial Services.
When life takes an unexpected turn, having a trusted partner by your side makes all the difference. For years, AVBOB has stood with families during their most difficult moments, offering dignity, care and unwavering support through our funeral and insurance services. Today, we are proud to extend that same commitment to your everyday financial needs.
Introducing the AVBOB Personal Loans – a natural extension of the trust we’ve built with our members. We understand that life happens and that challenges often don’t come with a warning. Whether it is covering emergency expenses, managing school fees, handling home repairs, or simply easing monthly pressure, access to reliable funding can provide peace of mind when you need it most.
Why choose AVBOB?
What sets our personal loan apart is simple! We know you. As an existing member, you’re part of a community we’ve been serving for years. Because for funerals or loans, we put family first, always. Over and above these, we offer:
Fees and charges
Example of a loan, charges and term:
|
Loan Value |
R8 000 |
|
Term |
6 months |
|
Total Monthly Service Fees |
R414,00 |
|
Total Initiation Fees |
R994.75 |
|
Total fees |
R1 408.75 |
|
Total Interest |
R1 219.85 |
|
Total Value of Credit |
R10 628.60 |
|
Total Monthly Instalment value |
R1 771.42 |
Who can apply for an AVBOB Personal Loan?
AVBOB Personal Loans are offered ONLY to existing AVBOB Mutual Society members to cover expenses, such as emergencies, education or home improvements etc. Provide
How do I apply for the AVBOB Personal Loan?
Log in to the AVBOB self-service portal [https://selfservice.avbob.co.za/connect/home] Select “AVBOB Personal Loan”
1. Provide your financial details
2. Choose the loan type
3. Specify the loan amount and term
4. Complete the application form online
5. Upload the required documents
6. Accept the pre-agreement quotation
7. Provide DebiCheck consent
8. Submit your application
What documents do I need to apply?
• Your latest payslip
• Three months’ copies of your latest bank statements
• A copy of your identity document
How long does it take for the loan to be approved?
Loans are typically approved within 8 business hour if all checks and documents are complete. It may take longer than 8 business hours if additional information is required.
How do I know if my loan is approved?
You will receive an SMS and/or email notification upon approval or decline. You can also check your application status on the self-service portal.
Why was my loan declined?
We understand that life happens and if this happens, do not despair. If your application is declined, we do not leave you wondering. You’ll receive a message via SMS/email explaining the reason, such as affordability, credit score or missing documents, so that you can rectify and reapply.
AVBOB Personal Loans is more than just a financial product, this offering reflects our continued promise to be here for you in more ways than you can imagine. From safeguarding your family’s future to helping you navigate present-day challenges, we remain committed to being there when it matters most.
Contact AVBOB
AVBOB Financial Services: (012) 303 2000
Email: loans@avbob.co.za
AVBOB Financial Services is a registered credit provider (NCRCP19411)
Website: www.AVBOB.co.za
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