Ithala Limited is a wholly 100% owned division of Ithala Development Finance Corporation Limited (IDFC.) With a head office situated in Durban and over 51 branches across KZN, this entity’s vision is to be the catalyst for growth, economic development and empowerment. It aims to do this by mobilising financial resources and providing financial and supportive services to the people of Kwa-Zulu Natal. This South African province is the most populous in the country and Ithala aims to better the financial outlook of many individuals and businesses in this area, thus contributing to positive economic activity. Financial services offered by Ithala include business finance, micro finance and insurance. The various products and services offered come in the form of Savings and Investments, Home Loans, Home Improvement Loans, Property Development, Commercial Loans, Personal Loans and VAT Loans. The latter is a short term finance facility for new industrial companies for the payment of VAT on equipment purchased etc.
Ithala Insurance Services were launched in 2002. These services offer specialized insurance cover including security company liability, cash in transit insurance, marine and aviation insurance, performance guarantees, directors and officers liability and professional indemnity insurance primarily for individual and businesses in the KZN area. Insurance products include Credit Life Insurance, Funeral Plans, income Boosters, Specialized Insurance Cover and Corporate Insurance.
Ithala’s more than 450 members of staff are dedicated to providing financial assistance to clients in the most efficient manner possible. This financial institution is driven by the will to be the credit provider of choice for the people of Kwa-Zulu Natal.
Contact Ithala here: 031 907 8911. Alternatively, visit their website www.ithala.co.za.