Botswana Building Society (“BBS”), led by its Managing Director Mr. Pius Komane Molefe, has been consulting Members across the country on the plan to commercialise BBS.
Tlamelo Savings Account
Make fixed monthly deposits of a minimum amount of P250 towards your saving account. Your investment allows you to buy a residential property at a future date. After your minimum investment phase of 60 months you may use your savings as a down payment for property acquisition with the balance of you loan financed by BBS at a preferential rate.
- Higher return on investment towards property acquisition over the investment period.
- Clients have the option to roll over their investment upon maturity.
- Upon maturity, you qualify for a mortgage loan at subsidised interest rates.
- Customers may use their investment as collateral of up to 75% of their investment, should they require a short term loan.
Short term Loan payable within 60 months
Interest rate is currently 2.75% per annum payable quarterly