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Ipelegeng Personal Loan

The Beginning of Prosperity

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.

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Product Features

  • Loan amount ranges from P1, 000 to P100, 000
  • The repayment period is up to 48 Months.
  • All savings as security

Pricing

  • Loan interest rate is at prime plus 5%
  • Arrangement fee is 1%, Min:P250.00, Max:P600.00

Entry Requirements

  • Applicant should be a holder of Save-As-You-Earn, Thobo or Sesigo Savings Account
  • The balance in Save-As-You-Earn or Sesigo Savings Account should constitute 60% of the loan amount

How do I apply for a Ipelegeng Personal Loan?

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BSB how_it_works 1

Confirm whether your organization has guaranteed motor vehicle and mortgage scheme with BSB. (Facility offered to all Government employees).

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fill-BSB-form

Where scheme is available, check with employer on how much you qualify for.

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fill-BSB-form

Fill and submit the signed application form together with account opening requirements and submit at your place of employment for assessment and approval.

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BSB how it works

An approved application form will be forwarded to the Bank for loan disbursements.

Frequently Asked Questions

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Yes in accordance with the above conditions on who qualifies for Ipelegeng Loan.

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