Fully secured working capital loan to entrepreneurs with active businesses to all Rwandan registered companies and individuals.
- Repayment is monthly (Capital + Interests).
- Interest rate is 18-21% declining.
- Repayment term up to 4 Years.
- Repayable up to 4years.
- In 14 days terms and condition applies.
- Increase the amount of articles.
- Add new articles.
- Avoid stock shortfall.
- Empower business capacity.
- Application letter.
- Project description (customer needs statement) - Financial statement certified.
- Company Registration Certificate/ID copy of the applicant and his guarantor.
- Legal status certificate.
- RRA Tax Clearance Certificate.
- Valuation report of collateral (done by a valuer which has a partnership with UNGUKA Bank Ltd).
- Collateral title (land, factory, car etc) and movable security documents.
- Act of lending property if the collateral doesn’t belong to the borrower.
- Life insurance is mandatory for individuals.
- Fire insurance for house and comprehensive insurance for car (applicable for loan beyond 3 Million).
- Notified Board resolution for companies.
- Bank statements for the last 6 months (if account held with another financial institution).