This type of loan is granted against an investment held at the bank. Normally, the customer is given up to 80% of their liquid collateral. The loan is suitable for individuals and businesses with investments held at Lesotho PostBank and does not require affordability tests or financial statements.
• Structured financial planning to meet once-off immediate financial needs
• Immediate access to extra funds
• Quick to arrange
• Customer’s signed request to borrow
• Proof of investment to be financed against
• Purpose of the facility