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
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 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
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
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
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
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
Thank you