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Stanbic launches Toro loan

Monday, March 06, 2023 | 4810 Views |

Supportive: Motshegare says the bank's vision is to create value for its clients and communities by providing access to digital financial services

Stanbic Bank Botswana has launched a digital lending solution which allows its salaried customers to apply online for loans, within pre-approved credit limits, and receive the funds immediately.

In a statement last Tuesday, bank officials said the innovation, known as Toro Loan, was a first for Botswana and part of moving towards a more digitised future as banking trends and customer needs demand greater agility and innovation.

Digital lending works the same way as a traditional lending approach, but with more convenience, the officials said.

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