Bidvest Bank Loans Review

https://best-loan.co.za/Bidvest Bank
Easy to apply
5.0/5
Approval time
4.5/5
No hidden condition
5.0/5
Renewal rules
4.5/5
Service quality
4.0/5
Customer support
4.5/5
Borrower requirements
  • You must be 18+
  • Reside in the SA and have a valid ID
  • Provide proof of your income
  • Have an active checking account
Optional
  • Bank account
  • Credit or Debit card
Contact information
Phone number: 0860 11 11 77
Shedule
Monday - Friday 08:00 - 18:00
Mon
Tue
Wed
Thu
Fri

Bidvest Bank has a range of business loans available to its clients. These loans are designed to meet their needs and offer a simple and quick way to access funds.

It is a commercial bank licensed as a locally-controlled bank by the Reserve Bank of South Africa. It is a niche bank specialising in foreign exchange and retail banking, vehicle financing and insurance.

Loan parameters
  • Loan amount
    R5,000 – R250,000
  • Interest
    10%
  • Term
    7 – 72 months
  • Age
    18+ years

Business account

Bidvest Bank is one of South Africa’s hottest business banking names. The company has a rich history of innovation in the financial services industry, having launched a number of high-tech solutions to its customers’ banking woes.

The bank’s most recent offerings include the Bidvest Bank MasterCard, a credit card for everyday spending that carries an impressive credit limit and no fees. Other notable offerings include a travel foreign exchange offer and a comprehensive business payment system that is well worth checking out if you need to make international payments on the fly.

The big picture – Bidvest’s financial services division – is an ambitious and well-funded organization with multiple subsidiaries and offices in every major city in the country. In fact, the company has more than 100 retail branches and a few corporate offices. The company also boasts a robust ecommerce and m-commerce offering as well as a nifty mobile app for customers to manage their accounts and payments on the go. Despite its large portfolio, Bidvest is still finding it hard to meet the needs of its consumers and this was reflected in a lackluster performance for the year to date. For the sake of comparison, the company’s operating income was down 4.5% compared to last year’s figure.

Business payment card

The business payment card from Bidvest Bank loans in South Africa is a pre-funded Visa card that replaces petty cash and can be used at any point of sale machine locally and internationally. It offers a range of benefits and is easy to use. The business account is offered at a low rate of interest with no monthly fees, however, transaction charges are applied to the balance.

Bidvest Bank is a South African based JSE listed company which offers a variety of financial services including foreign exchange, banking, fleet management, insurance and personal and business loans. The bank is licensed as a locally controlled bank by the South African Reserve Bank and is a wholly owned subsidiary of Bidvest Group Limited, which is an International trading and service conglomerate.

Business customers of the bank have access to the Bidvest Bank online platform which makes it easy to make payments around the world. The online banking system also offers the option of an overdraft facility should you need one.

The bank also has a number of different savings and investment accounts that can be tailored to meet customer needs. These include call account, notice account and fixed deposit accounts that offer competitive rates of interest with no monthly fees.

Businesses that wish to send money overseas can opt for Xendpay, a money transfer service provided by the Bidvest Bank. This service works with Western Union and MoneyGram to provide an efficient platform for sending and receiving funds abroad. It also allows you to manage and control the money transfers with ease.

Another service that is provided by the Bidvest Bank is a travel foreign exchange account. This allows customers to withdraw cash notes in up to 30 different currencies. They can do this by using their Bidvest Bank online banking platform or visiting a branch.

In addition to this, the bank also has a financial emigration service that helps with moving wealth offshore while maintaining your South African citizenship. This is made possible through a collaborative agreement between the bank and FinGlobal, a company that specialises in emigration services.

Travel foreign exchange account

Bidvest Bank, a subsidiary of the oh-so-popular Bidvest Group, is a niche lender that offers an assortment of innovative products. The bank’s branch banking business has grown by leaps and bounds in recent years, while global trading and investments, fleet and asset finance and lending are all on the upswing. The company has a number of product innovations on tap including a low cost, high volume dual purpose account and an all-encompassing mobile banking app. It also boasts a large and diverse branch network anchored by a state of the art technology center in Cape Town and a snazzy new head office in Sandton.

There are several other banks that offer similar products, but Bidvest Bank stands out thanks to a stellar track record for providing customers with the best possible service.

Financial emigration services

Affiliating with FinGlobal, a company that provides financial emigration services, Bidvest Bank offers its customers a way to move their funds offshore while maintaining their South African citizenship. It can help them transfer their proceeds from retirement, inheritance from SA source, assets, passive income and salary (including directors’ fees).

FinGlobal is a South African company that has over 150 years of experience in transferring money around the world. It has partnerships with international payment networks such as MoneyGram and Western Union to make sure that transactions are secure, while ensuring that you get your money to where it needs to go.

The company has a strong focus on enabling clients to save, transfer and invest their funds in the most effective manner possible. It is fully compliant with all National Credit Act rules and offers products that are designed to meet the needs of its clients.

As a subsidiary of the Bidvest Group, a South African financial services provider, Bidvest Bank offers a wide range of financial products and services to both individuals and businesses. Their products include business and personal banking, fleet management, asset finance, insurance, and foreign exchange.

Bidvest Bank is a South African commercial bank that has a license from the Reserve Bank of South Africa to operate as a locally-controlled bank. It is a niche bank that specializes in foreign exchange and provides retail banking, vehicle financing, and insurance.

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