Loans

At BBS, we know that there are times when you will need extra cash to make certain important purchases or investments which just cannot wait. As an investor with Botswana Building Society you can now make all the purchases you need with a special Short Term Loan. Read more...

If you have been considering purchasing or developing property, Botswana Building Society will be happy to advise you on how to go about it. The Society currently charges an interest rate from as low as 11.00 and 11.35% for the Variable Rate Mortgage and the Floating Rate Mortgage respectively.

The maximum repayment period is 15 and 30 years for individual borrowers on the Variable Mortgage Bond and Floating Rate Mortgage respectively and 15 years for companies. However, borrowers may choose to repay the mortgage in a shorter period depending on their ability to do so.

It is required that in the case of individual borrowers the loan should be fully repaid by the time the individual reaches the age of 65.
The maximum loan any borrower may qualify for depends mainly on three factors:

  • Borrowers gross income
  • The assessed value of property to be purchased or developed
  • The age of the applicant

There are various types of loans that the Society may consider:

Building on your own plot

If you wish to build a house on a plot that you already own, the value of the plot will be taken into account in determining the loan amount. In the case of a building loan, the costs are increased by approximately P1320 as the inspector has to make numerous trips as the building progresses.