It is a saving account that attaches consumer loan privilege.
Employees of government organizations, banks, insurances, share companies, NGOs, International Organizations and acceptable private companies (PLCs).
The account attaches consumer loan which is in excess of deposit amount by 40% against collateral of the deposit held at our Bank, that need to be retained at the Bank at least for a year and personal guarantor.
The consumer loan is granted as and when the minimum savings amount reaches Birr 50,000 or more.
The account is transacted using passbook.
A minimum deposit required to open this account is Birr 1,000.
2 passport size Photographs
Articles and Memorandum of Association in case of PLCs and Share Companies
Renewed ID card in case of individual customers and signatories