Product Features
- Minimum loan amount is P1, 000.00 and maximum is P40,000.00
- The loan up to P10,000.00 is repayable over 36 months
- The loan exceeding P10, 000.00 up to P40, 000.00 is repayable over 48 months
Entry Requirements
- Applicant should be a holder of Save-As-You-Earn, Thobo or Sesigo Savings Account
- The balance in Save-As-You-Earn, Thobo or Sesigo Savings Account should constitute 60% of the loan amount
Pricing
- Loan interest rate is at prime plus 5%
- Arrangement fee is 1%, Min:P250.00, Max:P600.00
How do I apply for an Ipelegeng Personal Loan?
1
Step 1
Confirm with the bank on how much you qualify for.
2
Step 2
Fill and sign application forms or fill in the form online. Please download supporting documents.
3
Step 3
Submit the signed forms together with account opening documents at a BSB consultant for processing. A transactional account is mandatory for loan processing.
4
Step 4
After 2 working days loan will be approved and funds transferred into your transactional account.
Have any questions ?
1
Who qualifies for Ipelegeng Loan?
Account holders for Special Savings and Thobo Savings/SAYE accounts can use the balance in their accounts as collateral for Ipelegeng Loan. However, individuals with a reasonable balance in their Ordinary Savings accounts are also considered.
2
Are old people also eligible for Ipelegeng loan?
Yes in accordance with the above conditions on who qualifies for Ipelegeng Loan.
