Teba Bank
Teba Bank is focused on participating meaningfully in communities where customers live and work through providing access to affordable financial services, treating people with dignity and respect and educating them to manage their finances. Teba Bank is the 9th largest South African bank in terms of asset size and is the 8th most recognised banking brand in South Africa. Teba Bank offers paymaster functions for the gold and platinum mines, savings accounts including linked accounts for workers` spouses, fixed deposits, microloans, provident backed housing loans, ATM cards and funeral insurance. Teba Bank is increasing its distribution channels to ensure accessibility for its target communities.
Makoya Credit is specifically designed for our mine-working customers and is essentially a personal loan product with a maximum loan size of R12 000 and a maximum term of 24 months. Tirisano Credit was developed in response to a need at the Impala Platinum mines for a credit product which could assist mineworkers out of a continuing debt spiral. The maximum loan size is R10 000 with maximum term of 24 months. Create a Dream Home Loan provides a solution for low income employees denied access to traditional housing loans because of being deemed as “high risk” by traditional housing finance institutions. It allows their customers to create their own security for the future. They give them a loan to build, improve and own their homes (the bank can never repossess their homes). They can build where they want using a builder / contractor of their choice.
For more information, please visit http://www.tebabank.co.za
