Financial services can be described as the economic services provided by the finance industry,which encompasses a broad range of businesses that manage money, including credit unions, banks, credit card companies, insurance companies, accountancy companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.This vibrant sector has recorded tremendous growth over the years with many players coming on board. All these players have constantly made strides to bring financial services closer to the masses. A perfect example in this regard is Bayport Financial Services.
Established in 2004,Bayport has rapidly become one of the largest non-bank providers of unsecured credit and allied products in South Africa. Through their nationwide multifaceted distribution they are able to effectively service the needs of customers no matter how remote their location. A combination of far reaching branch infrastructure, mobile consultants and call centres, they are able to touch many lives. Bayport product bouquet can be divided into Loans,Transacting, Savings and Insurance.
Bayport loans are divided into short term, medium term, lomg term and group lending. A short term loan offers manageable amounts that can be paid over a 1, 3, 6, or 9 month time period. A Bayport medium term loan offers a larger cash loan that gives you more time to pay back the loan, If you need to grow your business or make investments that will benefit your family, then this is the right solution for you. A Bayport long term loan allows you to borrow maximum cash amounts that can be repaid over a 36 to 60 month period. Repayment is more affordable to manage as you will have more time to pay back the loan. If you want to buy a car,buy a house or do business investment, long term is the best.
When it comes to transacting,Transacting with Bayport is now possible using person-to-person money transfers within Zambia. Send and receive money across more than 40 Bayport branches in Zambia, at a low cost. As a savings account holder, you can use your account as security to apply for a loan and you will be rewarded for reaching your savings milestones. To open a savings account at your nearest Bayport branch you must, be 18 years or older, present a valid ID card and a passport sized photograph.
Through Bayport, you can access education protection policy and credit life cover. When you take out a Bayport loan, you take out Credit Life Cover at the same time. This insurance secures you, the creditor, when you are unable to pay your debts.
Bayport can be contacted on 0112367300.