Bidvest Bank Online Loan Application

Bidvest Bank Online Loan Application

Bidvest Bank is part of the Bidvest Group Limited, founded in 1988. This bank specializes in business-centered services. By reading these lines, you will get to know how this bank operates, what kind of loans you can ask for, how to simulate your loan, and contact details of Bidvest Bank.

How does the Loan Application Work at Bidvest Bank?

Bidvest Bank focuses on financial services for business owners. For this reason, the way they do business is a little different from other banks. They treat each customer with care and attention, making sure every need is catered for. This level of customer care asks for a more personalized kind of attention. Thus, the loan application at Bidvest Bank should be performed by calling the bank or by paying a visit to one of its branches. You will not be able to apply online; however, you can make queries through the internet.

2 main Business Loans you will Find at Bidvest Bank

This bank has 80 branches in South Africa located in strategic cities to help you with your financial needs. As we explained above, Bidvest Bank specializes in catering to the needs of businessmen or entrepreneurs who need finance to make their businesses grow.  

Here we wanted to make an emphasis on two products offered to companies in our country:

  1. Finance for your asset-related expenses. This loan is targeted to meet different needs. For instance, you can use it to buy vehicles for your company, to buy or build a property, to cover the maintenance costs of your machinery, among many other uses.
  2. The other broad type of financing is the one that provides working capital for you to cover the expenses related to the operation of your company.

These loans are offered at competitive rates and the installment structure of your loan will be carefully and individually be agreed to with you.

What kind of Interest Rate is offered on Bidvest Bank Loans?

This is the question we get asked the most, no matter which lending company we’re talking about. This is an area that can get really tough to discuss because the answer will always be “it depends”. The interest rate you will be offered will be bound to many factors, such as the amount of money you want to borrow, the number of months in which you are going to repay for it, the financial situation of your company, and so on.

For this reason, we can only say that this bank offers competitive rates. However, we do have another way to help you out figure out if this company is convenient for your company. Be introduced to our loan comparator where you will be able to compare different loans offered by the most important financial providers of South Africa. In a few minutes, you will be able to see which loan suits your needs better and you can even start your loan application.

Does Bidvest Bank offer personal loans?

If you are an individual and not a company, you can open a bank account at Bidvest Bank. However, you will not have the option of taking out loans, at least not up to this moment. For this reason, we want to give you other options where you will be able to ask for personal loans.