Community deposits and loans

Do you have savings?

By taking out Mentor Plus Deposits and Sphere Plus Deposits (also known as Community Deposits), you can make the loan of the borrower of your choice (e.g. a family member, friend or other) more affordable without any effort or extra cost, thus helping them significantly. Your savings will benefit not only you, but also the borrower of your choice, while the amount of the discount is paid by the Bank.Our credit customers (if they choose to make their details public) are introduced on a separate profile, so you can easily choose the one closest to you.

Spheres

How can I make a community deposit?

You can join Mentor Plus Depositors as an individual or corporate customer if you have a payment or payment transfer account with the Bank and you use the balance of the account to make a Community deposit as defined in the respective retail or corporate deposit notice. The easiest way to do this is to go to your NetBank and choose Deposit or go to Community Functions and opt for Community Deposit and Loan or go to your MagNet Mobile App and choose the Deposit function in the app's menu .

Do you have a loan?

Then here's a great opportunity to reduce your mortgage significantly and free of charge, or even interest. The larger the amount of your Community deposit, the better the interest rate will be for you. Your friends and family can help you with your loan without lending to you, as long as they put their savings in a Mentor Plus deposit and nominate you as the beneficiary. If you make your details public, you can count not only them in the Programme, but also the Bank's other community depositors. If discretion is more important to you, you can collect deposits only from those you ask yourself.