GBS Mutual Bank Cape Town Ceo, Directors, Branch Code, Loans, Interest Rates & Fixed Deposit

GBS Mutual Bank opened its doors for business as the Grahamstown Building Society in 1877 which makes it one of the oldest banks in South Africa. The Bank has built its reputation and business on a solid foundation of honesty, integrity and an ethos which places value in its clients and staff above all else.

Despite the crippling effects of the small bank collapse in 1999, the bank failures in 2001 and the international banking crisis of the past few years, the GBS has continued to provide its clients with secure investment opportunities and competitive loans, and it strategically maintains a liquidity holding well in excess of the statutory requirements. An important aspect to note is that the Bank is a net investor into the interbank market and it is due to this that when this market tightened in the initial stages of the 2008 banking crisis, the GBS Mutual Bank was well set to navigate through that period of uncertainty.

GBS Mutual Bank Share Deposit

FIXED PERIOD SHARES
This is a long term investment at superior rates. The investment period is fixed for 60 months. Because the interest rate is fixed at inception, this investment option protects you from decreases in the interest rate over the term of the investment.

What do I need?
• A minimum investment amount of R5,000

What are the benefits?
• Interest can be paid either monthly or half-yearly
• Rates are fixed and will not decrease even when rates decline

What will this cost me?
• This product has no admin fees

Anything else I need to know?
• Terms and conditions apply for early redemption – visit one of our branches or call us for more details

How do I apply?
• Visit one of our branches
• Speak to a consultant

INDEFINITE PERIOD PAID-UP SHARES
This is an ideal investment during a rising interest rate cycle as it has a variable interest rate. Clients who want a premium return without committing themselves to a fixed interest rate can benefit from our indefinite period shares. The rate rises alongside the prevailing prime rate, and in the event of a decrease in rate, clients have the option of redeeming their investment during the relevant notice month. The minimum investment period is 15 months with three months’ notice of redemption required at any stage thereafter.

What do I need?
• A minimum investment amount of R3,000

What are the benefits?
• Interest can be paid either monthly or half-yearly
• Short loan facilities available
• Interest rate is set at a premium and varies according to prevailing rates

What will this cost me?
• This product has no admin fees

Anything else I need to know?
• Terms and conditions apply for early redemption – visit one of our branches or call us for more details

How do I apply?
• Visit one of our branches
• Speak to a consultant

SUBSCRIPTION SHARES
This is a 36 month capital building investment with a monthly subscription starting from as little as R50 per month.

What do I need?
• A minimum deposit of R50

What are the benefits?
• Interest is capitalised on an annual basis so that the effect of compound interest works in your favour
• The term can be extended, at maturity, for between 12 and 36 months at a time
• Short loan facilities available
• Interest rate is comparable to fixed deposit rates and varies according to prevailing interest rate
• Stop order and debit order facilities

What will this cost me?
• This product has no admin fees
• Early redemption fees apply

How do I apply?
• Visit one of our branches
• Speak to a consultant

GBS Mutual Bank Loans

You can download the relevant loan application form from the links below. The first page of the form will indicate what sections you will be required to complete, depending on the type of applicant. For example, applications made in the names of close corporations, trusts or companies, require different sections to be completed than applications made in your individual capacity. The application form also provides details of what supporting forms may be required, and what supporting documentation your will need for your application.

If the applicant (individual, CC, trust, company etc), already has a relationship with GBS, we will only need updates to the information that we already have on file. You can obtain the applicant's customer number (CIF) by contacting your nearest branch.

If you have any questions, contact your nearest GBS branch and speak to an adviser.

Download a loan application form:
Application for a new mortgage

Mortgage re-advance form
Loan against the security of a GBS investment product

General credit application form

In addition to your loan application form, we may need additional information from you. For example, if your application is in the name of a juristic entity (such as a close corporation, a limited company, or a trust), or if the application is made in any other capacity other than in your individual name (for example in the name of a partnership, school, church organisation, club, sole-proprietor, government department, etc), we will need a related party information form for each relevant related parties. The loan application form provides further details regarding the supporting forms, and supporting documentation that will be required for your application.

GBS Mutual Bank Branch & Swift Code

Make Sure You  remember to confirm the correct code with the bank or recipient before sending any money.
Swift code: GBSMZAJ1
Branch name: GBS MUTUAL BANK
Bank name: GBS MUTUAL BANK
City: Grahamstown
Country: South Africa

GBS Mutual Bank Financial Statement

GBS Mutual Bank Branch Offices & Contact Details

HEAD OFFICE
18 - 20 Hill Street
Grahamstown
6139

P.O. Box 114
Grahamstown
6140

Tel: (046) 622 7109
Fax: (046) 622 8855
E-mail: enquiries@gbsbank.co.za

CAPE TOWN
1st Floor
8 Cavendish Street
Claremont
Cape Town
7708

Tel: (021) 426 1013
Fax: (021) 671 0051
E-mail: capetown@gbsbank.co.za

PORT ALFRED
14 Main Street
Port Alfred
6170

Tel: (046) 624 1390
Fax: (046) 624 3766
E-mail: portalfred@gbsbank.co.za

PORT ELIZABETH
278 Main Road
Walmer
Port Elizabeth
6070

Tel: (041) 365 4062
Fax: (041) 365 4486
E-mail: portelizabeth@gbsbank.co.za

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