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.

Benefits

  • 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