The loan scheme is specifically designed for Save-As-You-Earn, Thobo or
Sesigo Savings Account holders. The customer deposits act as security
for Ipelegeng. The purpose of the loan is to meet personal needs such as
school fees, purchase of furniture, refurbishment of buildings to mention
just a few.
Submit the signed forms together with account opening documents at a BSB consultant for processing. A transactional account is mandatory for loan processing.
After 2 working days loan will be approved and funds transferred into your transactional account.
Have any questions ?
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.
Are old people also eligible for Ipelegeng loan?
Yes in accordance with the above conditions on who qualifies for Ipelegeng Loan.