Why We Created Our Own Bank
Building a home is expensive. Commercial banks do not help low-income families, especially those without formal employment or credit history.
To help ourselves, Umnotho took a historic step:
Let us build our own bank that will:
Support
Understand our needs
Enable
Give us opportunities
Finance
Fund our dreams
Our Goal:
To create a financial home that understands our needs, our challenges, and our aspirations.
What We Offer
Shares
Buy Shares and earn dividents.
Savings Products
Save towards building your home
Business Finance
Purchase Order and equipment finance.
Building Loans
We have amazing building packages.
With Umnotho, you are not just an Account Holder, you are a Shareholder.
New
Shareholder
Savings Accounts
Home Building Account – earn 8% interest
Money Booster – earn 7% interest
Monthly Savings – 6.5% interest
Available Loans*
Building Loan – at 9% interest
Emergency Loan – at 3% interest
Personal Loan – at 11%
*Terms and Conditions apply
Shareholding:
You can get up to 50 shares
Young Champ
Under 18
Saving Accounts
Young Champ Savings Account
Planning for financial freedom start at a young age.
Shareholding:
You can get up to 50 shares
Business Owner
Enterprise Member
Savings Accounts
Business Savings Account
Business Finance up to R150 000
Purchase Order Finance up to R150 000
Get access to business opportunities within Umnotho.
Shareholding:
You can get up to 50 shares
Become a Shareholder
Join the movement to build South Africa’s first fully community-owned bank.
Shareholder Requirements
Registration Fee: R200
Share Price: R500 per share
Members may purchase up to 50 shares
Shareholding is more than an investment.
It is a commitment to building a financial institution that will serve today’s families and future generations.
Our Vision: A Community-Owned Bank
Our dream is to build Umnotho Bank, a financial institution that:
-
understands our culture,
-
recognises our challenges,
-
finances our homes and businesses,
-
supports our aspirations,
-
and builds wealth that stays within the community.
“This is a bank for us, our children, and our grandchildren. Yes, we can!”