Bank of Africa Loan: Apply for Groupe Bank of Africa Loan

Bank of Africa Loan Application Form/Portal – There are times in life when you need to have extra money to realize a project, to deal with the unexpected or seize an opportunity.

Bank of Africa Loan: Apply for Groupe Bank of Africa Loan

Bank of Africa loan – Groupe Bank of Africa

1. Mortgage Loan

PRODUCT FEATURES

• Maximum loan amount : Depend on personal capacity
• Duration : 10 years
• Type of financial assets : House for personal user at the rate of interest of 19%
• Compulsory insurance : Life insurance/Fire insurance
• Souscription Age: 21 years old

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Eligibility conditions

• Salary domiciliation to BOA current account for at list a period of 3 months
• Being salaried and has a current account
• Seniority of 3 monthy
• Repayment ratio not exceding 50% of net salary
• Completed probation period
• Salary domiciliation not considered if a loan is takeover
• If married, spouse salary to be considered and spause to sign committment form to pay in case if it is necessary

I DESIRE TO CONTNUE

DOCUMENTS REQUIRED

• Letter for requesting loan
• Copy of National Identity card
• Copy of employment contract
• Salary certificate and last 3 slips
• Civil/Marital Status
• Letter for requesting loan
• Copy of sales agreement for those who purchase house and evaluation report of the house to buy
• Bill of quantity (BOQ) and construction permit if the house is going to be constructed.

2. Advance/Personal Loan/Salary Loan

PRODUCT FEATURES

• Minimum loan amount: Frw 100,000
• Maximum loan amount : 4 million without a collateral if amount excideed 4 million corrateral is required at the rate of interest of 19%
• Duration : 4 years
• Type of financial assets : Home furniture purchase , medical insurance financing etc
• Compulsory insurance: Life insurance
• Souscription Age: 21 years old

Eligibility conditions

• Salary domiciliation to BOA current account for at list a period of 3 months
• Being salaried and has a current account
• Seniority of 3 monthy
• Repayment ratio not exceding 50% of net salary
• Completed probation period ü Salary domiciliation not considered if a loan is takeover
• If married, spouse salary to be considered and spause to sign committment form to pay in case if it is necessary

I DESIRE TO CONTNUE

DOCUMENTS REQUIRED

• Letter for requesting loan
• Copy of National Identity card
• Copy of employment contract
• Salary certificate and last 3 slips
• Civil/Marital Status

3. Commercial Loan

PRODUCT FEATURES

• Minimum loan amount: No minimum loan amount
• Maximum loan amount : No maximum loan amount it depends on SME capacity
• Duration : 1 year with maximun of 2 years
• Type of financial assets : Capital increases, advance on invoice submitted at the rate of interest which is 17% (base rate)
• Compulsory insurance: If ithe SME is regislated to one person life insurance will be required and fire insurance is required also.
• Souscription Age: Loan to business experiencied SME

Eligibility conditions

Being a campany legaly regislated

REQUEST TO BE CONTACTED

DOCUMENTS REQUIRED

• Financial statement for last 3 years
• Other bank statement if any
• SME certificate
• Collateral documents
• Letter requesting loan specifying the purporse of the loan

4. Real Estate Loan

PRODUCT FEATURES

• Minimum loan amount: No minimum loan amount
• Maximum loan amount : No maximum loan amount it depends on SME capacity
• Duration : 10 years
• Type of financial assets : Acquiring assets at the rate of interest which is 17% (base rate)
• Compulsory insurance: If ithe company is regislated to one person life insurance will be required and fire insurance is required also.
• Souscription Age: Loan to business experiencied campany

Eligibility conditions

Being a campany legaly regislated

REQUEST TO BE CONTACTED

DOCUMENTS REQUIRED

• Financial statement for 3 last years
• Other bank statement if any
• SME certificate
• Collateral documents
• Letter requesting loan specifying the purporse of the loan
• Provisional sales argument and bill of quantity

5. SME Seasonal Loan

PRODUCT FEATURES

• Minimum loan amount : No minimum loan amount and it is offered to cooffe and rice seasonal
• Maximum loan amount : No maximum loan amount it depends on company capacity
• Duration : 1 year
• Type of financial assets : Financial facility to build a coffe washing station, buy coffee beans at the sof 17% (base rate)
• Compulsory insurance : If ithe SME is regislated to one person life insurance will be required and fire insurance is required also.
• Souscription Age : Loan given to experiencied SME for cooffe or rice seasonal

Eligibility conditions

Being an SME legaly regislated

REQUEST TO BE CONTACTED

DOCUMENTS REQUIRED

• Financial statement for 3 last years
• Other bank statement if any
• Campany certificate
• Collateral documents
• Letter requesting loan specifying the purporse of the loan
• Contract for exporting and licence

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