Can BBS Bank consolidate my loans?
Yes, BBS Bank will consolidate your loans, provided you qualify. To check how much you qualify for, send an email to
I have a house that does not have a bond against it. Can I get a loan against it?
Definitely. One can get a loan against the value of their house. Once the loan is approved and a bond is registered, a cheque will be made directly to the customer to make other property investments.
Can I insure the loan so the house does not get repossessed if I can’t pay?
Yes. The Mortgage Protection Cover will insure the loan in case of disability or death. Alternatively one can effect a Life Policy and cede it to BBS Bank, such that in the event of death, the proceeds of the Policy will go towards clearing the loan, and what remains is paid out to the chosen beneficiaries. Unfortunately, there is no retrenchment insurance in the market at the moment to cover job loses.
If my house is repossessed and sold, do I get anything from the proceeds?
Yes. It should be noted however that this will only apply in instances where the sale price is more than the outstanding loan amount. Where property is repossessed, it is handed over to the executing attorneys and a legal sale process is initiated. The house will be sold at the prevailing market rate and the proceeds handed over to the bank for servicing of the outstanding loan amount. The remainder of the proceeds from the sale price is paid out to the individual under execution.
Can I then pay for the materials and BBS Bank pays for the labour and vice-versa?
No. As mentioned above, BBS Bank only pays out after completion of each stage. Should one wish to make a financial contribution towards the project, it is advisable to commit those funds by either depositing them in your mortgage account, or by utilizing them in the project until they are exhausted. The rest of the project requirements will then be met by the portion from the loan.
When building, does BBS Bank give me the funds so I buy materials myself?
No. The disbursement of funds for a building loan is done at the end of each stage upon presentation of the Inspection Certificate. It is expected that the appointed contractors will bring the required building material, and will therefore submit a claim after satisfactory completion of the stage. The payment will be made out to the contractors.
Can I choose my own attorneys to take care of the conveyance process?
Yes. The choice of attorneys for the conveyancing process lies with the customer. In cases where the customer is not familiar with any attorneys, our staff can advise with the choice from our database.
Can I pay more/less so that the loan period is reduced/extended?
One is at liberty to make payments over and above the prescribed instalment in order to shorten the duration of the loan. However, BBS Bank will not permit the extension of the stated period or paying less than the prescribed instalment, as this will only result in accumulation of arrears.
I want to build a house for my mother on her property. Can BBS Bank help?
BBS Bank will not extend finance to an individual for developments on a property whose title is held by a third party. It is only possible if the third party has agreed to sell/ effect transfer in favour of the loan applicant.
I want to buy an empty plot and build a house. Can BBS Bank help me?
Yes. BBS Bank offers financial assistance for purchase of land and construction of buildings, provided the property is transferable. This will mostly be possible in Freehold land (privately owned land). In cases where the plot sought is in a Leasehold (state owned land), there has to be a habitable structure on the plot to render it transferable. This will be classified as a building loan in which case one will have to fully satisfy the required documents before their loan can be processed.
What are the procedures to follow when transferring money from foreign based accounts to BBS Bank accounts?
Anyone who wishes to remit funds to BBS Bank through financial institutions outside borders of Republic of Botswana must note that their bankers must have a link with one of the local banks through which they offer bank clearing services. The available facilities include among others, Telegraphic Transfers, Unique messages just to mention a few. The local bank would then upon receipt of the instruction, forward the funds to BBS Bank either by cheque in favour of the Society with copy of instructions attached or credit BBS Bank account in their books. There is no direct link with BBS Bank since such transfers involves exchange of foreign currency to pula value.
When will you open branches in other areas or Botswana?
The opening of branches is influenced by many factors such as the population in a given geographical area, business opportunities that can be explored and whether the branch can sustain itself. BBS Bank however continues to investigate possible areas which it may set up branches in to contribute to the improvement of its service delivery and service quality.

When will you introduce VISA electronic cards?
BBS Bank has a Visa card which can be applied for, by those who have an ordinary savings account. Details are under the ordinary savings product on the main website. The soon to be launched current account will also come with a Visa card to enable you to transact anywhere, at anytime.
When will you introduce personal loans?
BBS Bank has an Ipechetse personal loan which is affordable and competitive. We offer up to P700,000.00 for a term of up to 10 years. Read more about it on the main page, under loans.
Do you offer personal loans?
BBS Bank offers Ipechetse personal loan, which is very competitive in the market. You can apply for up to P700,000.00 for a term of up to 10 (ten) years. Read more about it under Loans on the main page.

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