Ithala ltd

Ithala Limited is a subsidiary of Ithala Development Finance Corporation Limited. Ithala has 51 branches and one agency throughout the KwaZulu-Natal province. It traditionally offered home loans and banking services to townships and rural areas of KwaZulu-Natal where other banks have limited interest. Their priority is these areas, with limited spread to urban and more profitable areas. The branches are mainly used to raise deposits from customers and to provide transacting facilities. The company has about 450 staff members based in the branches throughout the province and at its Head Office in Durban, where all centralised business units are based. They have saving products and lending products. Saving products offered by the company include a savings bank book, debit card facilities, club save, target save and fixed deposit. Lending products include home loans, PTO’s, home improvement loans, property development, commercial loans and personal loans.