Personal Loans

We at Bank Gaborone believe in providing financial assistance for our customers when they need it. The Bank Gaborone personal loan can assist you to realize your dreams at affordable rates.

Documents Required from Applicants

General Documents

• Purpose of loan
• Salary to be paid into Bank Gaborone account
• Address : utility bill (i.e. electricity or water or automated alarm or lease agreement)
• Proof of income (original latest payslip or contract of employment)
• Proof of employment on permanent basis
• Original/certified and valid copy of work and residence permit/s (expatriates)
• Past 6 months’ bank statements
• Original/certified copy of Marriage Certificate/ante-nuptial contract/decree absolute (if applicable)
• Original/certified copy of your Omang (Batswana)/passport (expatriates). If married, the same documents are required for your spouse

Please Note: Matrimonial and spouse identity documents are for our internal use of capturing personal information and we request that they be submitted, even when married out of community of property

General Loan Information

• The lending rate is linked to the Prime Lending Rate
• The maximum loan term is 60 months. The Bank reserves the right to determine the loan period.
• The Bank conducts credit reference checks
• In the case of security being required, payments are only effected after perfection of such security
• Credit life cover is required
• The Bank will charge an administration fee