Frequently Asked Questions | View
Personal Banking 's Menu
Personal Banking
Save & Prosper Account
Posted:
Monday, 5th January, 2009
Save & Prosper is a specially designed product for salaried workers who want to set aside part of their regular income as savings.
A fixed amount is saved by the customer on weekly, fortnightly or on monthly basis.
Who Qualifies?
Every salaried worker
Your Benefits
You can apply for a loan, provided you have saved consistently for six months without any withdrawals. The loan amount will be determined by how much you have saved over the period.
After being granted loan, you have the flexibility of making withdrawals as you continue to repay the loan.
Your six months (or more) contributions can be used as a partial or total collateral depending on the loan amount granted.
Requirements
A fixed amount is saved by the customer on weekly, fortnightly or on monthly basis.
Who Qualifies?
Every salaried worker
Your Benefits
- Secure funds for a rainy day
- Earn more on your money with attractive interest rates
- Withdrawals could be made from the account
- Access to loan facility (should the need arise) after saving consistently for a minimum of six months
- The repayment of the loan will not exceed your regular contribution
You can apply for a loan, provided you have saved consistently for six months without any withdrawals. The loan amount will be determined by how much you have saved over the period.
After being granted loan, you have the flexibility of making withdrawals as you continue to repay the loan.
Your six months (or more) contributions can be used as a partial or total collateral depending on the loan amount granted.
Requirements
- Two passport sized photographs
- Original copy of any one of these (Passport/Driver's License/Birth Certificate/Social Security Number/ Voter ID Card)
- A copy of any one of these (Utility Bill/ Tenancy Agreement/ Income Tax Certificate/ Reference Letter/ Employer's Ref, Letter/ Other Bank's statement)
- Residential/ Postal addresses
- Initial Deposit
- Kudi Nkosuo
A convenient, secure and supporting savings product that enables you to develop your business or trade. Read More - Flexsave
A flexible means of opening & operating your savings account with any of the bank's networked branches. You may obtain a ReadyCash card for convenience access to your funds. Read More
