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Loans

 

The loan process is such that all loans are approved at branch level. Before a credit can

be requested an account should be opened.  There are no stringent conditions to open

account.  All a client has to do is:

 

1.Save for at least 1 month;

 

2.Have the capacity to repay the loan and have a good credit history (if any).

 

 

The request cannot exceed:

 

=>Overdraft: RWF 1,500,000;

 

=>Ordinary loan: 10,000,000; Microloans: 1,999,000;

=>Youth/women loans : 5,000,000. 

 

1.Regular loan: credits between 4 – 36 months which range between 0 and 8 mln. RWF. The conditions for these loans are: 1.9%

interest (declining), 1,18% commission and 0,2% up to 2,5% life insurance and an application fee between 1000 and 5000 RWF.

 

 

2.Overdrafts: credits between 0 – 1 month which range between 0 and 1.5 mln. RWF. The conditions for these loans are: 1.9%

interest (declining), 1,18% commission and 0,2% up to 2,5% life insurance and an application fee between 1000 and 5000 RWF.