Emergency Personal Loan
Emergency Personal Loan
Suma Finance Ltd. provides urgent financial support to individuals facing unexpected expenses. Our emergency loans are designed to offer quick liquidity with transparent terms, helping you manage unforeseen circumstances while maintaining financial stability.
Key Features
- Rapid Approval: 24-48 hour processing
- Flexible Terms: 1-3 month repayment period
- Competitive Rate: 54% APR (Flat One Off method)
- Mobile Disbursement: Funds via mobile money or bank transfer
Eligibility Requirements
- Rwandan National ID/Passport
- 6 months bank/mobile money statements
- Proof of income (minimum RWF 100,000/month)
- Collateral options (optional for repeat customers)
Fee Structure
| Application Fee | 1.5% of loan amount |
| Administration Fee | 2% of loan amount |
| Late Payment Penalty | 5% per week overdue |
Accepted Collateral
- Real Estate (residential/commercial)
- Vehicles with valid ownership
- Postdated bank checks
- Business equipment inventory
Collateral valuation required for secured loans
Repayment Options
- Mobile Money (MTN/Airtel)
- Bank Transfer
- Cash at Branch Locations
- Automatic Salary Deduction
Note: Early repayment discounts available
