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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.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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