Our current accounts are for individuals, targets small businesses, cooperative societies and civil servants. This account enables them access to personal loans, short term business loan, working capital loan etc.
For small savers against weddings, burials, naming ceremonies, small projects, etc. Saving Accounts are used to save funds realized from bumper harvests, sales proceeds and other incomes against unexpected eventualities and occurences.
Artisans and small businesses, Vulcanizers, Carpenters, Mechanics, Electricians, Business centres, Bakeries etc. are assisted in raising capital for the acquisition of basic machines and equipment for their businesses. The Bank arranges for them to acquire such machines or equipment on lease against monthly rentals.
This account provides customers who have excess funds that are not for immediate use. This Account therefore fits the requirement for safe custody and good returns. This product is an investment account. The product attracts interest, that is usually higher than the savings rate and negotiable. The rate changes with time, dictated by prevailing banking rates. The tenor and the amount determines the rate.
This is a savings based account. Parents are encouraged to operate the account for a child or children and save towards their school needs. This product is meant to ensure continuity of school children up to university level without the usual financial problems on the parents. A parent who operates the account is granted access to a loan acility that will enable meeting the Children's school needs. Payment of fees is made directly to the school and facility created repayable by the parent through reasonable income flow into the account.
This product is meant to encourage small savers for a period between 30 - 90 days. Those who save up to 90 days have the option of taking loan which is twice the balance of their savings at a discounted rate, interest is payable on the account at 2% pa. No amount is deducted at the end of the month like other private collectors when disbursement is made to the investors.
This product is a Savings Account but with the advantage of a higher yielding interest rate than the normal savings. It does not have the flexibility of a savings account. A customer is expected to make definite periodic deposits towards a set target amount and maintain the account without withdrawals for an agreed period of not less than twelve (12) months. This is to encourage the customer to imbibe the savings culture with a particular target at heart.