Medium-Term Loan
Medium-Term Loan
Secure funding for business expansion, equipment purchases, or major personal expenses with structured repayment over 4-6 months.
Key Features
- Who Can Apply: Entrepreneurs & salaried individuals
- Approval Time: 48 hours
- Loan Amount: RWF 500,000 - 10,000,000
- Interest Rate: 48% APR (Flat Rate)
Who Can Apply?
- Rwandan citizens (National ID/Passport)
- Stable income source (salary or registered business)
- Bank or mobile money transactions (6+ months history)
- For businesses: RDB registration required for amounts above RWF 5M
Cost Breakdown
| Application Fee | 1.5% of loan amount |
| Service Charge | 1.5% monthly |
| Late Payment | 3% penalty + 1% daily interest |
Example: RWF 1,000,000 loan = RWF 15,000 application fee + RWF 15,000 monthly service charge
Security Options
- Land title or car logbook (for loans > RWF 5M)
- Business assets & equipment
- Two guarantors with stable income
- For lower amounts: Flexible security options available
Note: No collateral required for amounts under RWF 2M with strong credit history.
Payment Flexibility
- Monthly repayment schedule
- Direct debit from salary or business account
- Mobile money (MTN/Airtel) & bank transfer
- Early repayment allowed with no extra charges
