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You are here: Home / GRANTS/LOANS / Bank of Africa Loan: Apply for Groupe Bank of Africa Loan

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

June 24, 2022 by admin

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 – 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.

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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

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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

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Being a company legally legislated

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 experienced 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
  • Company certificate
  • Collateral documents
  • Letter requesting loan specifying the purpose of the loan
  • Contract for exporting and license

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