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Stanbic launches Toro loan

Supportive: Motshegare says the bank's vision is to create value for its clients and communities by providing access to digital financial services
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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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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